How To Invest

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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How To Invest Library Archives
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Here’s Part Two of the most-recent letter I sent to our Portfolio Management clients in February 2023:

Yes, but what about World War III?

After Russia invaded Ukraine around this time last year, I began to wonder if there was any real risk that this marked the start of World War III.

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TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.

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CISCO SYSTEMS INC., $46.71, Nasdaq symbol CSCO, is a buy.

Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.

The company now plans to build a new manufacturing facility in India as part of its strategy to diversify its supply chains in Asia.

Cisco has not yet said how much it will spend on this project, or when it will begin operating....
CANADIAN TIRE CORP., $168.28, Toronto symbol CTC.A, is a top pick for 2023.

Investors benefit from the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
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As well, Dream Office holds 9.7% of Dream Industrial REIT (symbol DIR.UN on Toronto)....
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You Can See Our Exchange-Traded Funds Portfolio For June 2023 here.


ETFs in brief


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You can see our Income-Seeking Portfolio for June 2023 here.


This month we update our Portfolio for Income-Seeking Investors.


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