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.
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.
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There are big differences in penny stock vs. regular stock investing—mostly centred around risk
In assessing the differences between a penny stock vs. a regular stock, it’s important to define the two. Many of the best “regular stocks” are blue chip stocks. Blue chip companies can… Read More
Understanding stock options will lead you to see them as highly speculative investments—and more like a gamble than a sure thing
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Theme investing, particularly when snatched from the latest headlines, may seem appealing—but more often than not will lead to poor returns
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Despite market uncertainty in some warm-weather U.S. markets, many of us are buying second homes with the belief that further price increases are inevitable and will make those winter havens good investments.
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This important stock trading information cautions you against selling your holdings too soon or focusing on short-term investing over long-term results
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Learn how to invest in DRIP stocks more effectively by considering these qualities of the top dividend-paying shares—and how they fit into your long-term portfolio
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These long-term investment strategies will accelerate your investment results
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Canadian capital gains tax is always on the minds of investors even as they deal with market downturns
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Learning where to invest money in Canada successfully will lead you to diversify between sectors while focusing on high-quality stocks
The answer to the question of where to invest money in Canada starts with this piece of advice: As we’ve often said, one key element in… Read More
It doesn’t get as much play in the media as it did a decade ago, but even in the strong 2022 market, online trading carries hidden dangers that aren’t always evident at first.
The main risk comes from the fact that online trading may seem deceptively… Read More
Understanding the ins and outs of how to invest in dividend stocks in Canada will set you up for powerful returns
At TSI Network, we feel that a long-term record of a stock paying dividends gives investors a measure of safety. Dividends, after all, are much… Read More
Tax savings are the most valuable part of an RRSP, but some investments can increase your capital gains tax if they’re sheltered in an RRSP.
Investors sometimes ask us whether they should hold certain investments inside or outside an RRSP to get the most tax benefits… Read More
For Canadian investors seeking global exposure in 2022, ADRs and international ETFs may be a safer option than picking individual overseas stocks
We believe most investors could benefit from holding some foreign and international investments in their portfolios for added diversification. And growing markets like China… Read More
Take into account various options when you consider dividend vs index investing: Not all index investments are equal, and dividends are a true sign of investment quality.
One big advantage of index funds when weighing dividend vs index investing is that they can help you avoid the… Read More
The best stock market rules of thumb can help you make better investing decisions. Here’s a look at two of the best: The four-year rule and the sell-half rule
Stock market rules of thumb won’t guarantee investment success. But the best of them can be very… Read More
Recognizing the significant added risks that investing in real estate vs stocks can lead to is key to making smart decisions
There are a variety of considerations when deciding on investing in real estate vs stocks. It’s easier to start investing in real estate and get… Read More
Canadian stock options can generate a lot of money for your broker, but here’s seven ways they can cost you even more
Trading Canadian stock options can generate a lot of brokerage commissions, which is why some young, aggressive brokers recommend them for their clients. That’s despite… Read More
Here’s what we think about real estate investing in Canada — and it may surprise you
We’re constantly asked about real estate investing in Canada and we understand the appeal. Even though today’s house prices still remain high in most markets (i.e., Toronto and Vancouver) mortgage… Read More
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