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.
Broadridge is far from a household name, except in households with members who work in the investment business. Regardless, since its spinoff from Automatic Data Processing (symbol ADP on Nasdaq) in 2007, Broadridge has become a key provider of services to financial, brokerage and wealth… Read More
CCL INDUSTRIES INC., $69.15, symbol CCL.B on Toronto, mainly makes packaging products for the food, healthcare, automotive and personal-care industries. Procter & Gamble and Johnson & Johnson are among its major customers. CCL also makes radio frequency identification (RFID) tags and banknotes.
TWILIO INC., $60.08, symbol TWLO on Nasdaq, is a buy. The company offers a key service to software developers who create mobile apps. Specifically, its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and… Read More
ROYAL BANK OF CANADA, $139.11, Toronto symbol RY, is a buy.
The bank last raised your quarterly dividend with the February 2024 payment. Investors now receive $1.38 a share, up 2.2% from $1.35. The new annual rate of $5.52 yields 4.0%.
Royal has now completed its $13.5-billion… Read More
CONAGRA BRANDS INC., $31.09, New York symbol CAG, is still a buy.
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Birds Eye frozen meals, Orville Redenbacher popcorn and Reddi-wip… Read More
CGI INC., $144.84, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies. That makes companies more efficient and lets them focus on… Read More
You Can See Our CWA ETF Portfolio For April 2024 Here.
Index funds are mutual funds that invest so as to match market-index performance. Exchange-traded funds (ETFs) hold baskets of stocks that represent stock indexes. ETFs trade on stock exchanges, just like stocks. stocks… Read More
A: Hudbay Minerals Inc., $9.63, symbol HBM on Toronto (Shares outstanding: 497.8 million; Market cap: $3.3 billion; www.hudbayminerals.com), is a Canadian mining company with properties in the U.S. and Peru as well as Canada. It mines and sells copper (62% of revenue), gold (27%), molybdenum… Read More
A: Canadian Apartment Properties REIT, $45.10, symbol CAR.UN on Toronto (Units outstanding: 167.6 million; Market cap: $7.8 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks). Those rental properties are all located in or near major urban centres in… Read More
A: Sysco Corp., $80.59, symbol SYY on New York (Shares outstanding: 497.8 million; Market cap: $40.1 billion; www.sysco.com), is a global leader in food distribution. It operates 334 distribution facilities worldwide, serving approximately 725,000 customer locations.
Those include restaurants, hospitals and skilled nursing facilities, schools and… Read More
“Pat, I know you’ve never been fond of bitcoin, but could it be that now is a good time to buy? It seems to be moving into the mainstream. I believe bitcoin is already legal tender in a.. Read More
FIVE BELOW INC., $181.38, symbol FIVE on Nasdaq, is a retailer that offers a broad range of merchandise for teen and pre-teen customers. Most of its products are priced between $1 and $5. However, in recent years, it has added merchandise priced above $5 through… Read More
GARMIN LTD., $148.87, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.
As part of its marketing efforts, Garmin forms a Marine Team of professional anglers each year. The team of nearly 80… Read More
MCDONALD’S CORP., $281.95, New York symbol MCD, is your #1 Conservative Buy for 2024.
The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.
ROYAL BANK OF CANADA, $136.62, Toronto symbol RY, is a buy.
The bank expects to complete its $13.5-billion purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) next week. To put that amount in context, Royal’s market cap (the total value of… Read More
A: Pacer U.S. Cash Cows 100 ETF, $57.17, symbol COWZ on the CBOE (Units outstanding: 386.5 million; Market cap: $22.1 billion; www.paceretfs.com) aims to provide capital appreciation over time by picking and holding the top 100 companies of the Russell 1000 based on free cash… Read More
Loblaw has come under fire in the past few months from politicians and consumer advocates complaining that it earned “excessive profits” during and after the COVID-19 pandemic. Despite the threats of new taxes and rules on how food sellers operate, the stock has gained an… Read More
SAVARIA CORP., $16.81, symbol SIS on Toronto, designs and builds mobility products for consumers. These include home elevators, commercial lifts, stairlifts, ceiling lifts, and adapted vehicles. The business has manufacturing facilities in North America, Europe, Mexico and China. Founded in 1979, it became a publicly… Read More
CHIPOTLE MEXICAN GRILL INC., $2,882.04, is a buy. The stock (symbol CMG on New York) lets you tap this Mexican restaurant chain, headquartered in Denver. The company is a fast-food leader charging slightly higher prices than its competitors but offering better quality food, including naturally… Read More