investment

An investment is an asset or property acquired to generate income or gain appreciation. Appreciation is the increase in the value of an asset over time. It requires the outlay of a resource today, like time, effort, and money, for a greater payoff in the future or for generating a profit.

An investment involves using capital in the present to increase an asset’s value over time.

Investments may include bonds, stocks, real estate, or alternative investments.

Investments can be diversified to reduce risk, though this may reduce the amount of earning potential.

In business contexts, investments are financial; however, consider how some people spend time to make higher incomes in the future (i.e. invest in a college education).

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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $52.72 (Toronto symbol AP.UN; Units outstanding: 116.3 million; Market cap: $6.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.0%; www.alliedreit.com) owns 188 office buildings, mainly in major Canadian cities....
PENGROWTH ENERGY $0.25 (Toronto symbol PGF; Shares outstanding: 547.4 million; Market cap: $145.6 million; TSINetwork Rating: Speculative; No dividends paid; www.pengrowth.com) has two main properties: its Lindbergh oil sands project in Alberta, and its Groundbirch natural gas property in northeastern B.C.

Pengrowth produced an average of 22,707 barrels a day (81% oil and liquids, 19% natural gas) in the three months ended June 30, 2019....
CHOICE PROPERTIES REIT $14.49 (Toronto symbol CHP.UN; Units o/s: 309.6 million; Mkt. cap: $10.2 billion; TSINetwork Rating: Extra Risk; Divd. yield: 5.1%; www.choicereit.ca) is Canada’s largest real estate investment trust, with 756 properties, including 20 under development....
A: Fire & Flower Holdings Corp., $1.20, symbol FAF on Toronto (Shares outstanding: 119.3 million; Market cap: $145.2 million; www.fireandflower.com), is a Canadian-based licensed cannabis and accessories retailer in Alberta, Saskatchewan, Manitoba and the Yukon....
A: American Hotel Income Properties REIT, $6.68, symbol HOT.UN on Toronto (Units outstanding: 78.1 million; Market cap: $521.9 million, www.ahipreit.com), owns 112 hotels, comprising over 11,524 rooms in 33 U.S....
A: Parkland Fuel Corp., $42.10, symbol PKI on Toronto (Shares outstanding: 147.0 million; Market cap: $6.3 billion, www.parkland.ca), operates gas stations, convenience stores, and a fuel-distribution business in Canada, the U.S., and the Caribbean....
“A rising market climbs a wall of worry.”

—origin unknown, in use with numerous variations, since at least the 1970s

I’ve mentioned many times over the years that the quote above is one of the wisest investment one-liners I’ve come across. However, it can be useful or misleading, depending on how you interpret it.

The best use is to take it as a reminder that in a healthy, rising market that has additional gains ahead, you never run out of things to worry about....
How do dividends work? Here are the key points every successful investor needs to know
We see little reason to take a modest inverted bond yield curve as a believable signal of an upcoming recession, for two reasons. Here they are:

IGM FINANCIAL INC. $38 (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 238.3 million; Market cap: $9.1 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider with $161.7 billion in assets under management as of June 30, 2019.


IGM last raised its quarterly dividend by 4.7% with the January 2015 payment....