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.
How Successful Investors Get RICH
Learn 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.
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 RICH
Learn 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: Integer Holdings Corp., $140.00, symbol ITGR on New York (Shares outstanding: 33.5 million; Market cap: $4.6 billion; www.integer.net), is among the world’s largest medical device outsource (MDO) manufacturing companies. It serves cardiac rhythm, neuromodulation, orthopedics, vascular, surgical, and portable medical markets.
A: Brown-Forman Corp., $44.97, symbol BF.B on New York (Shares outstanding: 472.7 million; Market cap: $21.3 billion; www.brown-forman.com), makes and sells alcoholic beverages.
Based in Louisville Kentucky, the company was founded in 1870 with its first brand, Old Forester Kentucky Straight Bourbon Whisky. Since then, it… Read More
I’ve been advising Canadian investors to include U.S. stocks in their portfolios for more than 30 years. I continue to recommend them today. The U.S. stock market offers the widest variety and highest investment grade of companies to invest in of any country in the… Read More
SCHNEIDER NATIONAL INC., $31.47, symbol SNDR on New York, is a Green Bay, Wisconsin-based transportation and logistics company. In business for 89 years, Schneider has three operating segments: Truckload (48% of revenue), Intermodal (24%), and Logistics (28%).
On November 24, 2024, the company announced its acquisition… Read More
WAJAX CORP., $23.78, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.
BANK OF MONTREAL, $146.32, Toronto symbol BMO, is still a buy.
With the February 2025 payment, the bank will raise your quarterly dividend by 2.6%, to $1.59 a share from $1.55. The new annual rate of $6.36 yields a high 4.3%. Bank of Montreal also announced… Read More
TORONTO-DOMINION BANK, $73.51, Toronto symbol TD, remains a buy for patient, income-seeking investors.
The bank recently settled charges over lapses in the anti-money laundering processes at its U.S. retail banking operations. As a result, it paid a fine of $3.09 billion U.S.
You Can See Our CWA REIT & Trust Portfolio For December 2024 Here.
We 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 industries. You should also take care to spread your… Read More
Corteva offers you exposure to key agricultural growth areas given its leadership in the corn and soybean markets and its strong position in crop protection products. While those markets can be volatile due to weather and economic conditions, the company’s size, geographic and product diversification,… Read More
WABTEC CORPORATION, $200.62, symbol WAB on New York, provides equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as mining, marine and industrial markets.
Wabtec is short for Westinghouse Air Brake Technologies. The company has operated in the rail… Read More
EXTENDICARE INC., $10.62, is a buy. The company (symbol EXE on Toronto), owns and operates long-term care homes. Investors also tap the company’s ParaMed Home Health Care branches. ParaMed provides nursing care and other forms of assistance to clients who remain in their own homes.
TC ENERGY INC., $68.26, Toronto symbol TRP, is a buy.
On October 1, 2024, TC completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held. They will… Read More
BOMBARDIER INC., Toronto symbols BBD.A $96.77 and BBD.B $96.77, is still a hold for aggressive investors.
The company now focuses solely on making private luxury and business jet planes following the sale of its passenger railcar business to France’s Alstom SA in January 2021.
EMBECTA CORP., $20.83, Nasdaq symbol EMBC, remains a buy.
On April 1, 2022, Becton Dickinson & Co. (New York symbol BDX) spun off its Diabetes Care business as a separate, publicly traded firm called embecta. Investors received one share of embecta for every five common shares of… Read More
A: G Mining Ventures Corp., $10.43, symbol GMIN on Toronto (Shares outstanding: 221.9 million; Market cap: $2.3 billion; Resources & Commodities sector; TSINetwork Rating: Speculative; No dividends paid; www.gmin.gold), acquires development-stage gold projects and then works to commercialize them. It hopes to become an intermediate… Read More
The Bank of Canada and other central banks are now cutting their benchmark lending rates as inflation returns to pre-pandemic levels.
That’s good news for utility stocks like Fortis, which carry large debt loads to finance investments in new power plants and other projects. While regulators… Read More
RUSSEL METALS INC., $44.24, is a buy. Through their shares, investors tap one of North America’s largest metals distribution companies, with a growing focus on value-added processing.
The company carries on business in three segments: metals service centres, energy field stores and steel distributors. Its network… Read More
K-BRO LINEN INC., $36.96, symbol KBL on Toronto, is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro operates across Canada and the U.K. and provides a range of linen services to healthcare institutions, hotels and other commercial accounts that… Read More
WALMART INC., $90.44, New York symbol WMT, is a buy.
The company is the world’s biggest retailer, with over 10,660 outlets in 19 countries.
Walmart continues to benefit as inflation draws more shoppers to its value-focused stores, particularly for groceries and health products. It’s also profiting from… Read More
