A dividend trap will do two things in your portfolio. First, it will leave you with the impression of safety. The market goes crazy, it creates confusion, it goes up and down, and then you feel safe because you receive your dividend every month or every quarter. That dividend is a high yield and produce a lot of income from your capital. It feels good, right? You feel smart. But the second thing the dividend trap will do is to destroy that capital. Management at one point or another will …
3 Fundamental Elements of Portfolio Management
Have you ever noticed that most of the difficult goals in life come with very simple solutions? You want to lose weight? Eat less and focus on healthy foods, and train more. You want to build a business? Identify a problem and offer a solution. You want to retire stress-free? Pay yourself first and invest systematically. You want to travel the world in your 30’s? Buy a RV, quit your job and start your adventure! Those goals are all considered “difficult” to achieve because they require …
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May Dividend Income Report – A Different Way to Build Cash
In September 2017, I received slightly over $100K as a result of the commuted value of my pension plan. I decided to invest 100% of this money into dividend growth stocks. Each month, I publish my results. I don't do this to brag. I do this to show you it is possible to build a portfolio during an all-time high market... and stay confident during a hectic one! In the meantime, I enjoy cashing some juicy and consistent dividends! A Different Way to Build Cash As you know, I am purposely …
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April Dividend Income Report – Wait for the Next Bottom?
In September 2017, I received slightly over $100K as a result of the commuted value of my pension plan. I decided to invest 100% of this money into dividend growth stocks. Each month, I publish my results. I don't do this to brag. I do this to show you it is possible to build a portfolio during an all-time high market... and stay confident during a hectic one! In the meantime, I enjoy cashing some juicy and consistent dividends! Will we see the March 23rd bottom again? Interesting enough, …
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A Note to My Future Self
Dear Mike, I’m writing to you while I’m in the middle of this corona mess. I (you) have been on lockdown since March 13th. I feel blessed to count on more than 1,500 investors’ trust and work online. The month of March 2020 has been pure madness on the stock market and we currently are enjoying a small rebound. Unfortunately, we can feel the market is fragile and any bad news shakes the stock market as if it was built on a deck of cards. Last week, oil futures traded at negative prices! Can …
Canadian Biggest Losers: Is it Time to Capture These?
We have been walking in the dark for several weeks. While the market tried to guess where the pandemic would lead the economy, we barely received any data to confirm or deny our hypothesis. We knew jobless claims would skyrocket but that doesn’t tell us how many real jobs will be lost. As we move forward with the second earnings season of the year, CEO’s comments on their businesses will be crucial in our decision-making process. Remember: power is knowledge. Let’s look at two Canadian …
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