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.
BUILDERS FIRSTSOURCE INC., $195.49, symbol BLDR on NYSE, is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.
The company makes products such as roof and floor trusses, wall panels,… Read More
ALTAGAS LTD., $29.30, is still a buy. The company (symbol ALA on Toronto) processes, transports, stores and markets natural gas for producers. It also operates natural gas utilities and is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants.
TC ENERGY INC., $54.49, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,700-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… Read More
ARCHER DANIELS MIDLAND CO., $59.31, New York symbol ADM, is still a hold.
The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a.. Read More
THOMSON REUTERS CORP., $213.15, Toronto symbol TRI, is a buy.
The company now focuses on selling specialized information and software to the legal, tax and accounting fields. That follows the sale of 55% of its Refinitiv financial information business to Blackstone Group LP (New York symbol… Read More
You Can See Our Current Power Recommendations For April 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 April 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: The Cooper Companies Inc., $101.41, symbol COO on Nasdaq (Shares outstanding: 198.8 million; Market cap: $20.1 billion; www.coopercos.com), is a California-based healthcare business with two operating segments.
The first segment is Cooper Vision (75% of revenues); it manufactures and markets soft contact lenses for the… Read More
Imperial Oil is now trading at all-time highs—and in fact, the stock has delivered a whopping 1,484.6% gain (not including dividends) for our investors since we first recommended it as a buy in April 1995. Still, we think the stock can go even higher.
BUTTERFLY NETWORK INC., $1.18, symbol BFLY on New York, is a Guilford, Connecticut-based company founded in 2011. It has created a portable, pocket-sized ultrasound device that plugs into a smartphone or tablet.
The Butterfly iQ uses patented, miniaturized computer-chip technology to replace expensive cart-mounted ultrasound devices… Read More
WAJAX CORP., $32.07, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. Another of Teco’s… Read More
BOEING CO., $198.49, New York symbol BA, is still a hold.
In January 2024, a fuselage panel came loose on one of Boeing’s 737 Max-9 planes. That forced the aircraft, operated by Alaskan Airlines, to make an emergency landing.
An investigation by the U.S. Federal Aviation Administration… Read More
TC ENERGY INC., $54.28, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,700-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… Read More
You Can See Our Conservative-Growth Portfolio For April 2024 Here.
We designed our Portfolios to help you build the kind of portfolio we advocate. First, you should invest mainly in stocks from our “Average” or higher TSINetwork Ratings, which make up the bulk of the choices… Read More
You Can See Our Exchange-Traded Funds Portfolio For April 2024 Here.
ETFs in brief
Exchange-traded funds are set up to mirror the performance of a stock-market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings of that index or… Read More
A: Integer Holdings Corp., $112.64, symbol ITGR on New York (Shares outstanding: 33.4 million; Market cap: $3.6 billion; Manufacturing & Industry sector; TSINetwork Rating: Average; www.integer.net), is one of the world’s largest medical-device-outsource (“MDO”) manufacturers. It serves several markets: cardiac rhythm management, neuromodulation, orthopedics, vascular,… Read More
We first recommended Alphabet (then called Google) as a buy for aggressive investors in our August 2011 issue of Wall Street Stock Forecaster at $607 (or $15.175 adjusted for splits). Since then, the stock has gained a whopping 767.8% for our subscribers.
GARMIN LTD., $137.43, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.
In the three months ended December 30, 2023, Garmin’s overall revenue rose 13.5%, to $1.48 billion from $1.31 billion a.. Read More
MIDDLEBY CORP., $154.15, symbol MIDD on Nasdaq, designs, manufactures, markets, distributes and services a broad line of (i) foodservice equipment for all types of commercial restaurants and institutional kitchens, (ii) food preparation, cooking, baking, chilling and packaging equipment for food-processing operations, and (iii) premium kitchen… Read More