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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Closed-end funds are a lot like conventional, open-end mutual funds....
Here’s the text of the most-recent letter I sent to our Portfolio Management clients in late January:
“In 2017, déjà vu could turn out to be the investor tool of the year.
History always tries to repeat itself, but never quite succeeds—especially in the stock market....
Here’s a third (consecutive) look at the pitfalls of trying to predict market corrections. This week we focus on interest rates, which some investors now see as the single most important factor for the market.
Today, many investors think the surprise election of Donald Trump as U.S....
Patterson Dental provides a wide range of one-time and limited use dental products throughout North America....
The ETF’s top holdings are Royal Dutch Shell, HSBC Holdings, British American Tobacco plc, BP plc, GlaxoSmithKline plc, Diageo plc, AstraZeneca, Vodafone Group and Reckitt Benckiser Group.
iShares launched the ETF on March 12, 1996....
CI Canadian Bond Fund | $ 31,286 |
CI Canadian Equity | $ 73,406 |
CI Corporate Bond | $ 37,783 |
iShares Cdn S&P/TSX60 | $ 22,640 |
iShares MSCI JAPAN ETF | $ 22,640 |
BCE Inc. | $ 7,592 |
SPDR S&P China ETF | $ 6,783 |
WestJet Airlines | $ 12,090 |
Cash | $ 3,489 |
TOTAL Investments | $ 217,710 |
A: We don’t generally recommend that investors hold mutual funds, mostly because of their higher fees.
In particular, we also don’t recommend bond funds: Bonds are unlikely to perform well over the next few years, if only because interest rates will likely hold steady or rise....
In our last Inner Circle, I wrote about the difficulty you face when you try to predict stock-market corrections (temporary setbacks in stock prices). The task relies on a lot of guesswork. On the whole, it does more harm than good to investor finances.
Last week I focused on the drawbacks of the “too far, too fast” approach to predicting corrections....
The company switched its registration from an income trust to a corporation on January 1, 2011.
Northland owns or has stakes in 1,394 megawatts of generating capacity, with an additional 642 megawatts under construction.
In May 2014, the company purchased a 60% stake in Project Gemini—a $4.1 billion wind farm in the North Sea, off the coast of the Netherlands....