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.
In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
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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What are the key differences between dividend and index investing?
Dividend investing focuses on stocks that pay regular cash distributions to shareholders, while index investing aims to replicate the performance of a broad market index by holding a diversified portfolio of securities.
One big advantage of index… Read More
There are four main investment mistakes we’ve seen that can lead to exceptionally poor investing results.
If you are unhappy with your investing results, you should check to see if you are making one or more of these four main investment mistakes:
1. Buying and selling too… Read More
Discover how to pick companies to invest in by considering these key factors including a history of sustainable dividend payments
We continue to think investors will profit most—and with the least risk—by buying shares of well-established companies with strong business prospects and strong positions in healthy… Read More
Investors would do well to buy and hold stocks (or at least buy and watch carefully) instead of trying to time the market and sell when they anticipate prices are going to drop
Deciding when to sell and when to buy and hold stocks is the… Read More
Real-return bonds pay a return adjusted for inflation. But when you buy a real-return bond, you are only protecting yourself against unanticipated rises in inflation. For investors looking for diversification, a real-return bond ETF might be an option to consider.
Real-return bonds pay you a rate… Read More
A growing number of investors like buying stocks without a broker because they’re able to avoid possible conflicts of interest and save on broker fees. However, it’s especially important to know what to buy if you’re not using a broker
Many investors assume their broker is… Read More
There will always be stocks you’ll wish you bought, especially after you see their growth. Here’s what to look for so you won’t miss out.
Stocks you’ll wish you bought often include hidden assets, or other favourable features. Hidden assets are one of the factors we… Read More
Discover types of stocks and other investments to keep outside your RRSP—and the types of investments that benefit from an RRSP tax shelter.
Registered retirement savings plans, or RRSPs, are the best-known and most widely used tax shelter in Canada. The tax treatment of RRSPs is… Read More
Tax savings are the most valuable part of the best-know Canadian tax shelter, the RRSP. But some investments can increase your capital gains tax if they’re sheltered in an RRSP.
Investors sometimes ask us whether they should hold certain investments inside or outside of this most-used… Read More
Investing in the best growing stocks will put you in a position to make significant gains, but it comes with risk as well. Follow our tips to make smarter—and safer—picks
High-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios. Although these best growing stocks… Read More
If you are interested in the best long-term stocks to invest in, here are some key tips and strategies to follow
Do you know the best long-term stocks to invest in? There are a variety of options, but today we are focusing on defensive stocks and… Read More
Are CDRs the better way to hold U.S. investments? What are the pros and cons?.
Canadian Imperial Bank of Commerce (CIBC)’s Canadian Depository Receipts (CDRs) give investors the opportunity to buy shares and/or fractions of shares in any of a number of U.S. or other foreign… Read More
Discover how to read stocks for long-term investing success through these tools
How to read stocks? It’s a simple enough question, and one all Successful investors must confront. Generally, they all try to arrange their portfolios so they profit more or less automatically over long periods… Read More
Investing money in Canada for beginners—you can be highly successful, but you need to follow these important tips
We think that investing money in Canada for beginners—or even experienced investors—will be much more profitable with our stock tips. These pointers aim to help you cut risk… Read More
Split-share corporations come with inherent drawbacks that can hand investors unexpected and unwelcomed costs sooner than they’d planned
Split-share corporations: they’re just one of the areas in which Pat McKeough’s Inner Circle can get our investment research. Members also get to ask investment questions of Pat… Read More
Financial, safety, and survival factors are important to consider while looking for stocks on the TSX
The TSX is the abbreviated name for the Toronto Stock Exchange. You will often see our stock recommendations on TSI Network accompanied by a TSX index symbol. When we’re… Read More
Market timing theory attempts to interpret and detect buy and sell signals in trading patterns and history
The practice of market timing consists of coming up with and acting on a series of guesses (or estimates, or probability assessments) to use in your buying and selling… Read More
Adding long-term stocks to buy and hold as part of a well-diversified portfolio is the best way to beat the market over time. Learn how to do this successfully with these guidelines
Long-term investment strategies aren’t built by aiming to make a fast dollar, or profiting… Read More
“Averaging in” is a superior strategy to averaging down stocks, and it can make you more money over time. Learn more about each strategy in this article.
Before you make an investment decision, you have to weigh two things: the appeal of the investment, and the… Read More
As Pat McKeough notes, Dividend reinvestment plans, or DRIPs, are plans that fewer and fewer companies offer shareholders but that allow those investors to receive additional shares in lieu of cash dividends. DRIPs bypass brokers, so shareholders save on commissions
DRIPs also eliminate the nuisance effect… Read More
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