Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.
In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
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Investors should approach all investments with a healthy sense of skepticism. This can help keep you out of fraudulent stocks that masquerade as high-quality stocks. It will also keep you out of legally operated, but poorly managed, companies that promise more than they can possibly deliver.
If you are a new investor, you should also realize that losing patience can cause you to sell your best choices right before a big rise. All too often, investors buy a promising stock just as it enters a period of price stagnation. Even the best-performing stocks run into these unpredictable phases from time to time. They move mainly sideways in a wide range for months or years before their next big rise begins. (Stock brokers often refer to these stocks as “dead money.”)
If you lack patience, you run a big risk of selling your best choices in the midst of one of these phases, prior to the next big move upward. If you lose patience and sell, you are particularly likely to do so in the low end of the trading range, when stock prices have weakened and confidence in the stock has waned.
How Successful Investors Get RICH
Learn everything you need to know in ‘The Canadian Guide on How to Invest in Stocks Successfully’ for FREE from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
You Can See Our High-Growth Dividend Payer Portfolio For May 2024 Here.
You can’t fake a record of dividends. That’s why we place a high value on a sustained history of dividend payments. When you’re looking for income-producing stocks, a high dividend yield should also be… Read More
You Can See Our WSSF Aggressive-Growth Portfolio For May Here.
We designed our TSINetwork Ratings to give you an idea of the investment quality and risk in stocks we recommend, so you can build a portfolio that suits your needs and objectives.
Other rating systems use a.. Read More
To help fuel its growth in the U.S. and international markets, fast-food giant McDonald’s first sold shares to the public on April 21, 1965, at $22.50 a share (or just $0.03 a share after adjusting for splits).
Since then, investors have enjoyed huge gains, particularly as… Read More
H.B. FULLER COMPANY, $76.95, symbol FUL on New York, is one of the world’s largest providers of adhesives, sealants, and other specialty chemical products. It sells its products in 35 countries, including North America, Europe, Latin America, Asia, the Middle East, and Africa.
ELI LILLY AND COMPANY, $726.31, is a buy. The drugmaker (symbol LLY on New York) discovers, develops, manufactures, and markets human pharmaceutical products.
This week, Lilly announced that its popular weight loss drug, Zepbound, seems to help people with obstructive sleep apnea.
GENUINE PARTS CO., $162.39, New York symbol GPC, is a buy.
The company is a leading seller of replacement auto parts. It has about 10,000 company-owned stores (mainly operating under the famous NAPA banner) and independent outlets in North America, Europe, Australia and New Zealand. Genuine also… Read More
NUTRIEN LTD., $72.56, Toronto symbol NTR, is still a buy for the Resources portion of your portfolio.
The company is the world’s largest producer of agricultural fertilizers. It also sells seeds, fertilizers and agricultural products to farmers through some 2,000 stores in Canada, the U.S., Australia and… Read More
You Can See Our Current Power Recommendations For May 2024 Here.
Understanding our recommendations: Power Buy—These stocks are our top choices for new buying now. We feel each currently offers the best combination of fundamentals (earnings, sales, cash flow and so on) plus external factors (industry trends… Read More
You Can See Our Spinoff Stock Portfolio For May 2024 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares… Read More
A: Allied Gold Corp., $3.79, symbol AAUC on Toronto (Shares outstanding: 250.7 million; Market cap: $985.4 million; www.alliedgold.com), is a Canadian-based gold producer with three operating mines, a significant gold development project and exploration properties throughout Africa.
The company’s principal properties are the Sadiola gold mine… Read More
A: Bridgemarq Real Estate Services Inc., $13.62, symbol BRE on Toronto (Shares outstanding: 9.5 million; Market cap: $128.2 million; www.bridgemarq.com), is a leading provider of services to residential real estate brokers and a network of 20,529 real estate agents.
The company operates in Canada under the… Read More
A: Emerson Electric Co., $110.83, symbol EMR on New York, (Shares outstanding: 571.7 million; Market cap: $63.9 billion; www.emerson.com), is an industrial company with two main operating segments: Intelligent Devices (76% of revenue) and Software & Control (24%).
The Intelligent Devices division has four segments:
When I hear from investors, they often ask what we do to produce the investment advice they get from our publications, and the portfolio management they get from Successful Investment Wealth Management Inc., our portfolio management affiliate. The short answer is that my research associates… Read More
QUARTERHILL INC., $1.82, symbol QTRH on Toronto, is a provider of ITS (Intelligent Transportation Systems) solutions for operators of toll roads. Its tolling products manage over 1,500 toll lanes worldwide, generating over $3 billion in annual revenue for operators of these tolls.
NORTH WEST COMPANY, $39.01, is a buy. The retailer (symbol NWC on Toronto) sells food, and everyday products and services through 227 stores. Those locations are mainly in northern communities across Canada and Alaska. Through your shares, you also tap the company’s operations in remote regions… Read More
PROCTER & GAMBLE CO., $155.33, New York symbol PG, is a buy.
The company is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
WALMART INC., $60.14, New York symbol WMT, is a buy.
The company is the world’s biggest retailer, with over 10,500 outlets in 19 countries.
Walmart is also an investor in Ibotta Inc., a private firm that operates mobile and online apps that provide shoppers with special offers and… Read More
TC ENERGY INC., $49.73, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine… Read More
You Can See Our Aggressive Growth Portfolio For May 2024 Here.
If you’re like most investors, you should invest the major portion of your money in stocks from our Conservative Growth Portfolio. But you may want to add some stocks from our Aggressive Growth Portfolio, which… Read More