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CI Financial

Buy CI Financial stocks

CI FINANCIAL (CIX) Stocks

ABOUT CI FINANCIAL

CI Financial Corporation is the second-largest non-bank affiliated investment management firm in Canada.

The Company is a wealth management firm that offers mutual funds, industry-specific, RSP-eligible, multi-manager, segregated and hedge funds. It is based in Toronto, Ontario with additional offices in Vancouver, Calgary, and Montreal. As of August 2019, it had a total of US Dollar 171 billion in assets under management and advisement.

CI Financial Corporation was founded in 1965 as Universal Savings Fund Management Ltd., a small private firm until 1994, when it held an IPO on the Toronto Stock Exchange as C.I. Fund Management.

The C.I. stood for Canadian International. In the next nine years it increased ten times in size and after several acquisitions, became the second largest fund management company in Canada.

OVERVIEW OF CI FINANCIAL

  • CI Financial Corporation is a publicly owned asset management holding company with about 1 800 full time employees.

  • Through subsidiaries, it manages separate client focused equity, fixed income, and alternative investments portfolios, mutual funds, hedge funds, and more.

  • It operates with different divisions, including CI Investments: The main division, offering mutual funds and other investment products to mainly retail investors; Assante Wealth Management, that provides wealth management services and First Asset that provides actively managed exchange-traded funds.

VISION & VALUES OF CI FINANCIAL

  • CI Financial Corporation strives to operate with responsibility and integrity, from the management of customers’ and its own funds to the conduct of all aspects of their business. They are committed to treating employees and business partners with respect and consideration, to supporting communities and to reducing the impact of their actions on the environment.

  • The company provides extensive training and learning opportunities to its employees and actively supports those who pursue education and training out of their own initiative.

  • CI Financial Corporation continuously adheres to its value chain to ensure the organisation reaches its set goals to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF CI FINANCIAL

  • CI Financial Corporation’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol CIX listed in the Financial sector.

  • Highlights of the company’s recent performance in 2019 include third quarter (until September 2019) revenue of US Dollar 527.48 million, net income of US Dollar 138.96 million and a profit margin of 26.34%.

  • The company’s total assets were US Dollar 4,362.80 million, its total liabilities US Dollar 2,833.97 million and its debt to assets 37.69%. Operating cash flow was US Dollar 127.70 million.

  • Due to CI Financial Corporation’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy CI FINANCIAL stocks / shares – A Step by Step Guide how to Buy / Purchase CI FINANCIAL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CI FINANCIAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CI FINANCIAL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CI FINANCIAL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CI FINANCIAL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CI FINANCIAL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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