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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We designed our Portfolios to help you build the kind of portfolio we advocate. First, you should invest mainly in stocks from our “Average” or higher TSINetwork Ratings, which make up the bulk of the choices in our Portfolios.
Top holdings are Broadcom, AbbVie, IBM, Apple, Cisco, JPMorgan Chase, Exxon Mobil, Merck, Oracle, and Philip Morris International.
The ETF is hedged against movements of foreign currencies against the Canadian dollar. Its value rises and falls solely with the stocks in its portfolio, so it wouldn’t give you any diversification through foreign currency exposure.
The company’s irrigation products include centre-pivot and lateral-move irrigation systems, remote irrigation management and scheduling technology, and other agriculture-related engineering services. Centre pivots rotate around a fixed point, creating circular patterns (often with corner arms for squares), while lateral moves travel in straight lines, covering rectangular fields nearly completely. All together, this segment accounts for 84% of the company’s revenue.
The infrastructure products it manufactures include movable highway and road barriers, specialty barriers and crash cushions, road marking and road safety equipment, and railroad signals and structures. Lindsay also provides equipment for monitoring critical infrastructure. This segment accounts for the remaining 16% of revenue.
The company’s four product families by revenue are Architecture, Engineering, Construction and Operations (50%); AutoCAD and AutoCAD LT (25%); Manufacturing (19%); and Media & Entertainment (5%). Other revenue sources account for the remaining 1%.
The U.S. contributes 36% of its sales, with the EMEA (Europe, Middle East, and Africa) accounting for 39%, APAC (Asia Pacific), 17%, and the rest of the Americas, 8%.