In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
[text_ad]
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.
[text_ad]
However, transferring shares in kind into a TFSA does trigger a capital gain or loss for income tax purposes.
If the investment is in a capital gains position, you will have to declare it as a capital gain on your income tax return....
We continue to see attractive investment opportunities among the top device manufacturers....
The company’s clients include general contractors, project owners, engineering firms and project architects, structural steel erectors, and other steel structure fabricators....
The company’s customers are spread across the resources, construction, manufacturing and transportation industries.
In the quarter ended September 30, 2023, overall revenue climbed 8.3%, to $509.7 million from $470.8 million a year earlier....
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
The company operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices.
eBay reported better-than-expected results for the third quarter of 2023....
The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
You Can See Our Income-Seeking Portfolio For December 2023 Here.
This month we update our Portfolio for Income-Seeking Investors.
In light of the current market volatility, investors are paying more attention to dividend yields (dividends paid per share divided by the current stock price)....
You Can See Our Exchange-Traded Funds Portfolio For December 2023 Here.
ETFs in brief
Exchange-traded funds are set up to mirror the performance of a stock-market index or sub-index....