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.
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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.
How Successful Investors Get RICHLearn everything you need to know in ‘The Canadian Guide on How to Invest in Stocks Successfully’ for FREE from The Successful Investor. How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger. |
A: Wayfair Inc., $41.38, symbol W on New York (Shares outstanding: 123.5 million; Market cap: $5.1 billion; www.wayfair.com), is one of the world’s largest online destinations for home furnishings. Through its e-commerce platform, the company offers furniture, décor, housewares and home improvement products.
Wayfair’s customers span… Read More
A: Viking Holdings Ltd., $45.40, symbol VIK on New York (Shares outstanding: 431.6 million; Market cap: $19.6 billion; ir.viking.com), operates luxury river and ocean cruises.
The company operates 92 vessels worldwide, with over 10,000 employees serving 650,000 guests in 2023. Viking has an estimated 51% share… Read More
A: Baytex Energy Corp., $4.17, symbol BTE on Toronto (Shares outstanding: 787.3 million; Market cap: $3.3 billion; www.baytexenergy.com), explores for, develops and produces oil and gas in Western Canada and the Eagle Ford region of Texas.
The company’s output is 14% natural gas and 86% oil.
In… Read More
Now that the U.S. has had a decisive outcome for its 2024 President Election, it seems possible that things will cool down and run more smoothly in American political circles.
Joe Biden, of all people, led the parade. He invited President-elect Trump and his First Lady… Read More
CHIPOTLE MEXICAN GRILL INC., $58.63, is a buy. The stock (symbol CMG on New York) lets you tap this Mexican restaurant chain, headquartered in Denver. The company is a fast-food leader charging slightly higher prices than its competitors but offering better quality food, including naturally… Read More
CHEMED CORP., $557.95, symbol CHE on New York, operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. The two units are in distinctly different businesses and have completely separate operations.
VITAS (65% of sales) is the largest provider of end-of-life hospice services in the U.S., and… Read More
CISCO SYSTEMS INC., $57.46, Nasdaq symbol CSCO, is still a buy.
Through their shares, investors tap a global producer of hardware and software that links and manages computer networks.
In March 2024, Cisco completed its acquisition of Splunk Inc. (Nasdaq symbol SPLK) for $28 billion. The firm… Read More
CANADIAN TIRE CORP., $152.95, Toronto symbol CTC.A, is a top pick for 2024.
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook. They… Read More
OVINTIV INC., $61.74, Toronto symbol OVV, is a buy.
The company operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah). In addition to natural gas, these fields produce large amounts of oil and natural gas liquids.
This week, Ovintiv agreed to acquire certain… Read More
You Can See Our Income-Seeking Portfolio For December 2024 Here.
This month we update our Portfolio for Income-Seeking Investors.
In light of the current market volatility, investors are paying more attention to dividend yields (dividends paid per share divided by the current stock price). As well, dividend-paying… Read More
A: Eaton Corp. plc, $370.94, symbol ETN on New York (Shares outstanding: 395.2 million; Market cap: $147.0 billion; www.eaton.com), is a power management company. Eaton serves many markets: datacentre, utility, industrial, commercial, machine building, residential, aerospace and mobility markets.
Founded in 1911, the company expanded worldwide… Read More
A: Amer Sports Inc., $19.91, symbol AS on New York (Shares outstanding: 505.2 million; Market cap: $10.4 billion; www.amersports.com), is a global group of sports and outdoor brands.
The company started out as a Finnish tobacco business in 1950. In the 1980s, it began to focus… Read More
A: Omai Gold Mines Corp., $0.16, symbol OMG on TSX Venture (Shares outstanding: 497.9 million; Market cap: $79.7 million; www.omaigoldmines.com), owns 100% of the past producing Omai gold mine in Guyana. The company currently does not generate revenue from the mine.
The history of the Omai… Read More
Dear Inner Circle Member,
When I begin work on one of our Successful Investor Wealth Management Quarterly Client Letters, I usually start by thinking about news events that may occur between the time when I finish the letter and when it reaches the hands of our… Read More
BRITISH AMERICAN TOBACCO PLC, $35.39, symbol BTI on New York, is a U.K.-based manufacturer of cigarettes and other nicotine products. Its cigarette brands include Lucky Strike, Pall Mall, Camel, and Newport. Other brands include Grizzly (chewing tobacco), Velo (nicotine pouches), Vuse (vaping), and Glo (heated… Read More
WELL HEALTH TECHNOLOGIES CORP., $5.34, is a buy. The company (symbol WELL on Toronto) owns and operates Canada’s largest network of clinics supporting primary care, specialized care and diagnostics services. As of September 30, 2024, the company had a total of 110 physical facilities across… Read More
ABBVIE INC., $199.50, New York symbol ABBV, is a buy.
The company makes biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.
AbbVie took its current form on January 3, 2013, when Abbott Laboratories (New York symbol ABT) split into two publicly traded firms.
The… Read More
YUM! BRANDS INC., $137.21, New York symbol YUM, is still a buy for aggressive investors.
The company operates over 60,000 restaurants in more than 155 countries. Its main banners are KFC (fried chicken), Pizza Hut and Taco Bell (Mexican food). Franchisees now operate 98% of outlets.
Yum… Read More
BCE INC., $39.49 Toronto symbol BCE, remains your #1 Income Buy for 2024, as well as long-term gains.
The company is Canada’s largest traditional telephone service provider. It has 1.88 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.45 million… Read More
Demand for travel continues its post-pandemic rebound, and both Wyndham Hotels and Travel + Leisure are big beneficiaries.
Indeed, the outlook for both stocks remains positive for investors, as pent-up demand for travel stays strong, presenting each company with significant opportunities to expand.
I asked our Successful… Read More
