Topic: How To Invest

What is Pat’s commentary for the week of November 18, 2014

Article Excerpt

Right now, lots of long-time holders of Canadian Pacific and Canadian Tire are developing what’s known as an “itchy trigger finger”. They are thinking of selling these two long-time mainstays of the Canadian stock market simply because they have been particularly strong performers in the past few years.  This impulse rarely pays off. When you follow the stock market for a few years, it’s easy to assume a certain consistency that just isn’t there. You may get the idea that a particular stock is a slow-moving dog that will stagnate forever, or that another is a sure-fire growth stock that has decades of growth ahead. If these stocks depart from the category you have assigned them to, it’s natural to assume the changes are temporary and things will eventually “go back to normal”. So, for instance, if a long-time income stock you own suddenly begins moving up and…