How To Invest
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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MCCOY CORP. (Toronto symbol MCB; www.mccoyglobal.com) operates through two divisions: Mobile Solutions and Energy Products and Services....
KRAFT FOODS GROUP INC. (Nasdaq symbol KRFT; www.kraftfoodsgroup.com) makes a variety of grocery products, including Kraft macaroni and cheese, Oscar Mayer meats, Philadelphia cream cheese, Maxwell House coffee, Jell-O desserts and Miracle Whip salad dressing. In October 2012 Kraft broke itself up into two companies, spinning off Mondelez (Nasdaq symbol MDLZ), which makes cookies, biscuits, gum and beverages and does over 80% of its business outside North America....
ISHARES CDN REIT SECTOR INDEX FUND $17.10 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.
iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.4%.
The ETF’s largest holding is RioCan REIT at 19.5%, followed by H&R REIT (10.7%), Dundee REIT (8.4%), Canadian REIT (7.2%), Calloway REIT (7.0%), Primaris REIT (6.3%), Cominar REIT (6.2%), Canadian Apartment REIT (6.0%), Boardwalk REIT (5.7%), Allied Properties REIT (5.2%), Chartwell REIT (4.5%), Artis REIT (4.5%), Granite REIT (4.3%), Northern Property REIT (2.6%) and Crombie REIT (1.8%).
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iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.4%.
The ETF’s largest holding is RioCan REIT at 19.5%, followed by H&R REIT (10.7%), Dundee REIT (8.4%), Canadian REIT (7.2%), Calloway REIT (7.0%), Primaris REIT (6.3%), Cominar REIT (6.2%), Canadian Apartment REIT (6.0%), Boardwalk REIT (5.7%), Allied Properties REIT (5.2%), Chartwell REIT (4.5%), Artis REIT (4.5%), Granite REIT (4.3%), Northern Property REIT (2.6%) and Crombie REIT (1.8%).
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TELUS $69.31 (Toronto symbol T; Shares outstanding: 326.0 million; Market cap: $22.6 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.telus.com) will split its common shares on a 2-for-1 basis on April 16, 2013. Following the split, the company will have roughly 653.6 million common shares outstanding.
The split will make Telus’s shares more liquid. The lower trading price could also entice more investors to buy the stock.
Even without the positive impact that usually accompanies stock splits, Telus’s outlook remains bright. Demand for wireless services should continue to rise, particularly as more users upgrade from cellphones to smartphones. As well, Telus’s new Internet television service, Optik TV, is helping it compete with cable companies.
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The split will make Telus’s shares more liquid. The lower trading price could also entice more investors to buy the stock.
Even without the positive impact that usually accompanies stock splits, Telus’s outlook remains bright. Demand for wireless services should continue to rise, particularly as more users upgrade from cellphones to smartphones. As well, Telus’s new Internet television service, Optik TV, is helping it compete with cable companies.
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LOBLAW COMPANIES $42.01 (Toronto symbol L; Shares outstanding: 281.8 million; Market cap: $11.8 billion; TSINetwork Rating: Above Average; Dividend yield: 2.1%; www.loblaw.ca) started selling its popular Joe Fresh clothing and accessories in its supermarkets in 2006. It has also opened 20 stand-alone Joe Fresh stores in Canada and the U.S.
Sales of Joe Fresh products should rise sharply now that J.C. Penney (New York symbol JCP) has opened Joe Fresh boutiques inside nearly 700 of its 1,100 department stores in the U.S. (J.C. Penney is a recommendation of Wall Street Stock Forecaster, our newsletter that focuses on U.S. stocks.) Penney will also sell Joe Fresh products through its website.
Loblaw is a buy.
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Sales of Joe Fresh products should rise sharply now that J.C. Penney (New York symbol JCP) has opened Joe Fresh boutiques inside nearly 700 of its 1,100 department stores in the U.S. (J.C. Penney is a recommendation of Wall Street Stock Forecaster, our newsletter that focuses on U.S. stocks.) Penney will also sell Joe Fresh products through its website.
Loblaw is a buy.
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IMPERIAL OIL $40.62 (Toronto symbol IMO; Shares outstanding: 847.6 million; Market cap: $34.4 billion; TSINetwork Rating: Average; Dividend yield: 1.2%; www.imperialoil.ca) has completed its purchase of 50% of Celtic Exploration Ltd. from its parent company, ExxonMobil Corp. (New York symbol XOM).
Celtic owns large undeveloped shale gas deposits along the B.C.-Alberta border. These fields hold a total of 128 million barrels of oil equivalent. At the end of 2012, Imperial’s proved reserves totalled 3.6 billion barrels of oil equivalent.
The company paid $1.55 billion for its half of Celtic. That’s equal to 42% of the $3.7 billion, or $4.42 a share, that it earned in 2012.
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Celtic owns large undeveloped shale gas deposits along the B.C.-Alberta border. These fields hold a total of 128 million barrels of oil equivalent. At the end of 2012, Imperial’s proved reserves totalled 3.6 billion barrels of oil equivalent.
The company paid $1.55 billion for its half of Celtic. That’s equal to 42% of the $3.7 billion, or $4.42 a share, that it earned in 2012.
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BCE INC. $46.60 (Toronto symbol BCE; Shares outstanding: 775.4 million; Market cap: $36.1 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%; www.bce.ca) has restructured its $3.4-billion deal to buy Astral Media (Toronto symbols ACM.A and ACM.B).
Montreal-based Astral owns 22 TV stations, 84 radio stations and several pay TV and specialty channels. It also owns billboards and sells other outdoor advertising.
In November 2012, the Canadian Radiotelevision and Telecommunications Commission (CRTC) rejected the takeover, as the purchase would have given BCE an overwhelming share of Canada’s English-language TV market.
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Montreal-based Astral owns 22 TV stations, 84 radio stations and several pay TV and specialty channels. It also owns billboards and sells other outdoor advertising.
In November 2012, the Canadian Radiotelevision and Telecommunications Commission (CRTC) rejected the takeover, as the purchase would have given BCE an overwhelming share of Canada’s English-language TV market.
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ISHARES DEX UNIVERSE BOND INDEX FUND $31.42 (CWA Rating: Income) (Toronto symbol XBB; buy or sell through brokers) mirrors the performance of the DEX Universe Bond Index. The 732 bonds in the portfolio have an average term to maturity of 9.78 years. The fund’s MER is 0.33%.
The bonds in the index are 68.2% government and 31.8% corporate.
The fund yields 3.2%, compared to the Short-Term Bond Fund’s 2.8%. Its yield to maturity is 2.24%, 0.78% above the Short-Term Fund. That reflects the added risk of holding long-term bonds.
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The bonds in the index are 68.2% government and 31.8% corporate.
The fund yields 3.2%, compared to the Short-Term Bond Fund’s 2.8%. Its yield to maturity is 2.24%, 0.78% above the Short-Term Fund. That reflects the added risk of holding long-term bonds.
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ISHARES DEX SHORT-TERM BOND INDEX FUND $28.91 (CWA Rating: Income) (Toronto symbol XSB; buy or sell through brokers) mirrors the performance of the DEX Short-Term Bond Index.
This index consists of a wide range of investmentgrade federal, provincial, municipal and corporate bonds with between one- and five-year terms to maturity. The fund holds 347 bonds with an average term to maturity of 2.87 years. The bonds in the index are 63.4% government and 36.6% corporate. The fund’s MER is 0.28%.
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This index consists of a wide range of investmentgrade federal, provincial, municipal and corporate bonds with between one- and five-year terms to maturity. The fund holds 347 bonds with an average term to maturity of 2.87 years. The bonds in the index are 63.4% government and 36.6% corporate. The fund’s MER is 0.28%.
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BANK OF NOVA SCOTIA $58.08 (Toronto symbol BNS: Shares outstanding: 1.2 billion; Market cap: $69.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%, www.scotiabank.com) has received approval from the Chinese government to buy 33% of a joint venture that will offer wealth management services in that country.
This business’s long-term outlook is bright, because rising prosperity in China is giving its citizens more money to invest. Bank of Nova Scotia’s experience selling wealth management services in other parts of Asia should also make this venture more profitable.
The bank is still waiting for approval for its September 2011 deal to buy 19.99% of the Bank of Guangzhou; the Chinese government owns the remaining 80.01%. Bank of Nova Scotia will pay $719 million for this stake.
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This business’s long-term outlook is bright, because rising prosperity in China is giving its citizens more money to invest. Bank of Nova Scotia’s experience selling wealth management services in other parts of Asia should also make this venture more profitable.
The bank is still waiting for approval for its September 2011 deal to buy 19.99% of the Bank of Guangzhou; the Chinese government owns the remaining 80.01%. Bank of Nova Scotia will pay $719 million for this stake.
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