In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
[text_ad]
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.
[text_ad]
Under the terms of the deal, Loblaw shareholders received 0.135 of a Weston common share for each L share they held....
In the three months ended December 31, 2018, Oceaneering’s revenue rose 2.2%, to $495.1 million from $484.2 million a year earlier....
The fund started up in January 2011....
The wrong mindset can lead to a negative, if not catastrophic, view of the market outlook....
Brookfield Asset Management (symbol BAM.A on Toronto) first sold shares of Brookfield Property Partners to the public in April 2013....
If you simply can’t accept any instability in the value of your holdings due to temperamental reasons, that alone is a good reason to sell your stocks, regardless of age....