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.
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The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.74 trillion as of March 31, 2023.
This week, Morgan agreed to acquire most of the assets and deposits of California-based First Republic Bank, as well as some of its liabilities, from the U.S....
Due to delays securing the necessary regulatory approvals, TD has cancelled its deal to acquire First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase would have made TD’s banking operations the sixth largest in the U.S.
As a result, the bank will pay $225 million U.S....
You Can See Our Safety-Conscious Stock Portfolio For May 2023 here.
We think investors will profit most—and with the least risk—by buying shares of well-established companies with strong business prospects and strong positions in healthy industries....
The company’s principal products are snacks such as crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites; and convenience foods such as ready-to-eat cereals, frozen waffles, veggie foods and noodles.
These products are manufactured in 21 countries and marketed in more than 180 countries....
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The company has cancelled its plan to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate firm.
That’s due to difficulty securing the required two-thirds approval of the class B shareholders (1 vote per share), particularly as Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) has offered to acquire the company for about $23 billion U.S....