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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Methanol is a clear, liquid hydrocarbon that is distilled from natural gas....
The company employs more than 75,000 people, is based in Waltham, Massachusetts (just outside of Boston), and has four operating segments....
Should I change my investment portfolio to reflect the drop in the market and other recent events?
That depends on what you already own.
If your portfolio was good for you two months ago, it’s probably good for you now....
But first, I’d like to say that I still think the bulk of the damage to the stock market may already be behind us.
As always, we feature safety-conscious stocks ready to add to your long-term returns. Metro is new to Canadain Wealth Advisor, but it’s at the forefront of an essential supply chain for Canadians during the COVID-19 outbreak....
Our advice is that if your stock holdings made sense for you a few weeks ago, in light of your investment goals, financial circumstances and temperament, then you should hang on to them.
The crisis has also highlighted why you should stick with our three-pronged approach to investing.
Meantime, we still see several compelling buys despite the current uncertainty....
The REIT, originally named Dundee Industrial REIT, first sold units to the public and began trading in October 2012 at $10 per unit....