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These REITs offer high yields—plus growth

The last couple of years, higher interest rates have increased the appeal of bonds and hurt REITs. Still, Choice Properties and RioCan remain excellent ways for investors to earn income, especially with rates now falling. We see both as buys.

CHOICE PROPERTIES REIT, $14.92, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $10.8 billion; TSINetwork Rating: Average; Dividend yield: 5.1%; www.choicereit.ca) owns 702 retail, industrial, office space and residential properties with 65.9 million square feet of gross leasable area....

2 min read

Pat McKeough

ETFs

Two top ETFs from the Vanguard Group

Generally speaking, Canadians are blocked from buying mutual funds that are registered in the U.S. unless those funds are also registered with provincial securities commissions. (Moreover, some Canadian mutual funds are only available in a limited number of provinces.)

Investors in this country can, however, buy exchange-traded funds, or ETFs, listed on U.S....

2 min read

Pat McKeough

ETFs

Own the best solar stocks

INVESCO SOLAR ETF, $40.28, is a buy for aggressive investors. The ETF (New York symbol TAN; buy or sell through brokers) tracks solar-related companies (including technology firms and utilities) listed on global exchanges.

Its top holdings are First Solar (China; solar panels), 16.0%; Enphase Energy (U.S.; home solar systems) at 9.3%; NEXTracker Inc....

1 min read

Pat McKeough

Dividend Stocks

TD prepared to cover fines

TD BANK, $79.94, is a #1 Buy for 2024. The lender (Toronto symbol TD; Shares o/s: 1.7 billion; Market cap: $139.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; www.td.com) set aside $3.57 billion (or $2.6 billion U.S.) in the quarter ended July 31, 2024, for fines it expects to pay due to lapses in its anti-money laundering processes at its U.S....

1 min read

Pat McKeough

Energy Stocks

Imperial Oil is a Resources standout

We continue to recommend you maintain some exposure to oil stocks as part of the Resources portion of your stock holdings. High-quality integrated producer Imperial Oil is up 24% since we made it a #1 Buy for 2024. With its record oil production and its stock now trading at low multiples to its cash flow, Imperial is even more attractive for your new buying.

IMPERIAL OIL LTD., $96.04, is a #1 Buy for 2024. The company (Toronto symbol IMO; Shares o/s: 535.8 million; Market cap: $51.5 billion; TSINetwork Rating: Average; Dividend yield: 2.5%) gets over 90% of its production from the oil sands of Alberta....

1 min read

Pat McKeough

How To Invest

Q: Hi, Pat. What do you think about Bausch + Lomb Corp. for new buying now? Thanks.

A: Bausch + Lomb Corp., $22.01, symbol BLCO on Toronto (Shares outstanding: 351.9 million; Market cap: $7.8 billion; ir.bausch.com), was the eye care unit of Bausch Health Companies (symbol BHC on Toronto) before it was split off from its former parent and shares in the newly independent company sold to the public through an initial public offering.

Bausch + Lomb launched its IPO and began trading on the Toronto and New York exchanges at $18.00 U.S....

4 min read

Pat McKeough

How To Invest

Q: Hi, Pat. Just a quick question. I have seen some interesting comments on Armstrong World Industries lately. What’s your view on Armstrong as a buy? Thanks in advance.

A: Armstrong World Industries Inc., $123.76, symbol AWI on New York (Shares outstanding: 43.7 million; Market cap: $5.4 billion; www.armstrongworldindustries.com), is a leader in designing and manufacturing innovative commercial and residential ceiling, wall and suspension systems....

1 min read

Pat McKeough

How To Invest

Q: What are your thoughts on Calibre Mining (symbol CXB). Thanks for all the good advice.

A: Calibre Mining Corp., $2.22, symbol CXB on Toronto (Shares outstanding: 789.2 million; Market cap: $1.8 billion; www.calibremining.com), is a mid-tier gold producer.

In January 2024, Calibre acquired Marathon Gold for about $345 million (Cdn.)....

2 min read

Pat McKeough

How To Invest

Q: Hi. What is your recommendation for Crombie REIT? Thanks.

A: Crombie Real Estate Investment Trust, $14.90, symbol CRR.UN on Toronto (Shares outstanding: 181.1 million; Market cap: $2.7 billion; www.crombie.ca), owns, operates, and develops real estate assets.

The real estate investment trust, or REIT, has 304 properties made up of about 19.3 million square feet....

2 min read

Pat McKeough

How To Invest

Q: Pat, I notice a lot of healthcare/pharma stocks in your newsletters. What do you think of this ETF? Thanks.

A: The Invesco S&P SmallCap Health Care ETF, $45.92, symbol PSCH on Nasdaq (Units outstanding: 4.4 million; Market cap: $200.2 million; www.invesco.com), invests in smaller U.S....

2 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

Jonathan Chevreau
Financial Post Columnist
As a manager of more than $500 million in mutual funds, I have access to the best brokerage research available in this country. But I still take time to read Pat McKeough’s premium newsletters

John Sartz
I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

Chuck J.
Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

Walter H.
Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.