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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As well, the stock is a spinoff....
On May 31, 2022, Yamana received a $6.7 billion U.S....
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.84 trillion as of June 30, 2022.
Due to rising fears of a recession, triggered by higher interest rates and inflation, Morgan set aside $1.10 billion to cover potential loan losses in the quarter ended June 30, 2022, compared to a net credit of $2.29 billion a year earlier.
As a result, Morgan’s earnings in the quarter fell 27.0%, to $2.76 a share (or a total of $8.65 billion) from $3.78 a share (or $11.95 billion) a year earlier....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp....
The company is the largest owner and operator of seniors’ residences in Canada....
The company first sold its stock to the public at $11 a share in March 2008. We held off recommending it at that time, as the best way to cut the risk of investing in initial public offerings is to wait till after the next market slump and/or recession comes along....
Amazon has now agreed to add Grubhub to its suite of Prime services in the U.S.
For Grubhub’s parent, Netherlands-based Just Eat Takeaway.com, the deal is aimed at letting it expand its food-ordering reach by tapping Amazon’s membership program.
For Amazon, it gets an initial option to take a 2% stake in U.S.-based Grubhub, and U.S....
This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic Canada.
Imperial’s other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario....
The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Investors tap its main brands, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
3M has agreed to pay 571 million euros (about $582 million U.S.) to clean up the release of polyfluoroalkyl substances (PFAS) from its operations in Belgium....