Weekly Links
Time for the weekly links…
1. What Should I Invest In for 2012? Part-1 @ Dividend Ninja.
2. Intimidation Tactics In The Market @ Barel Karsan.
3. Dividend Investing Is Not Just A Trend @ IS.
4. 5 Years To Become Millionaire @ TFB.
5. Improve Your Finances: Look Up, Not Down @ Canadian Finance Blog.
6. Active Dividend Growth Investing @ DGI.
7. Look for Dividend Stocks @ D4L.
8. How To Assess If The Smith Manoeuvre Is Good For You @ The Passive Income Earner.
9. Stock Market Basics @ Studenomics.
10. Carnival of Personal Finance – Words of Wisdom Edition @ Matt About Money.
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- Weekly Dividend Links
- Weekly Dividend Investing Roundup – June 7, 2008
- Weekly Dividend Investing Roundup – June 21, 2008
- Weekly Dividend Investing Roundup – May 30, 2009
- Weekly Dividend Link Time
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Genivar GNV Stock Analysis
For the first dividend stock analysis of the year (besides my 29 Dividend Stocks for 2012 eBook), I decided to take a look at a beaten up stock that could definitely become a rising star in the upcoming years. For a fact, GNV dropped by 14% in 2011. Was it justified or was Genivar simply a victim of a bad Canadian stock market? Let’s dig further to find out!
Genivar (GNV) Description
Genivar is a leading Canadian engineering services firm offering its expertise in multiple types of buildings for private and public sector clients. Strong from its expertise and the fact that 99% of North American infrastructures need a lifting, GNV grew rapidly throughout the years. GNV used to be a tax sheltered income trust and benefitted from a Canadian tax loophole until January 2011.
GNV Stock Graph
GNV Metrics
Ticker GNV CN Equity
Name Genivar Inc
Dividend Metrics
Current Dividend Yield 5.43
5 year Dividend Growth 20.03
1 year Dividend Growth -26.83
Company Metrics
Sales Growth (1 year) 21.45
Sales Growth (5 year) 33.78
Earnings growth 32.54
P/E ratio 16.25
Payout ratio 120.34
Return on Equity 11.24
GNV Upcoming Dangers and Opportunities
The GNV management team has proven to be resilient and has a clear vision. They grew rapidly through acquisitions over the years. An interesting fact about GNV is that they haven’t used much debt to grow. In fact, their debt to equity ratio is at 34.80%, which shows that GNV prefers to use equity instead of debt to continue its expansion. Therefore, if we were to see rising interest rates, GNV will not be overly concerned about it.
If you look at the dividend metrics, you will see a dividend cut for 2011 as well as a ridiculous payout ratio of 120%. These 2 metrics are much better than it looks. In fact, GNV doesn’t show a great picture of the company since they switched fiscal structures (from income trust distributing most of their income BEFORE tax to a standard company paying dividends AFTER tax).
According to their rapid growth rate and solid balance sheet, financial analysts agree to say that Genivar is able to sustain its dividend over time. Therefore, it could be an interesting play for the future.
Genivar has bought several engineering firms on the market (Decibel Consultants, OptiVert inc., JMH Environmental Solutions Ltd., Dakins Engineering Group Ltd, Consultores REgionales Asociados S.A.S and Delcom Engineering Ltd. just to name the 2011 acquisitions). Such rapid growth will surely look fine on the financial statements in terms of sales growth but will also require an impeccable integration process.
Another factor I like about GNV is the current infrastructure problem in Canada. The Government is stuck with a lot of highways, bridges and buildings that need maintenance. Genivar will definitely benefit from its leader position to get its shares of contracts and assure its profitability over a long period of time.
The only thing that could go wrong with GNV is the aura of corruption that is currently surrounding all construction companies in Quebec. If this aura was to reach engineering firms, the government backed contracts could be an issue.
Final Thoughts on GNV
I like the company, like the growth but I’m not too keen on the poor dividend metrics. I know they have switched from an income trust to a standard company. On one hand, I have a feeling that it’s a bit too early to make a move and on the other I feel that waiting would just prove that it was a great stock to hold… but I missed it!
In the end, I do not intend to purchase GNV at the moment… because I don’t have any liquidity. If not, I would give it some serious thought… what do you think?
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4 Top Canadian REITs For 2012
Strong from my series on Canadian REITs in 2011, I’m going back this year with 4 top picks on the best Canadian REITs for 2012. I think that it’s important that you don’t get blinded by the attractive yields of REITs and decide to invest all your money in them. On the other hand, since the Canadian economy seems stable, the banking system is solid and interest rates should not go up by much in 2012 (most recent stats on inflation in January 2012 shows a 2.3% annual rate), Canadian REITs seem to be a logical addition to your portfolio. And this is good for US investors too; there are 2 things you should have in your investment portfolio from Canada:
I’ve done an extensive review of the Canadian REITs over at Canadian Dividend Stock and I show 21 Canadian REITs analyses. But for this post, I’ve picked 4 of my favorites:
Dividend Yield: 3.40%
Dividend 5 Yr Growth Rate: 7.39%
Payout % (FFO): 67.50%
Payout % (AFFO): 76.2%
Debt-to-GBV (Gross Book Value): 46.3%
At first glance Boardwalk REIT may sound uninteresting compared to its peers due to its low rate (most Canadian REITs are able to pay a dividend of 5+%). However, BEI is also showing a very low FFO and AFFO payout as well as a conservative debt to GBV value. In other terms, the BEI dividend payout is lower but is definitely one of the most sustainable over a long term period. BEI is expected to continue raising its dividend in 2012 and the following year. With one of the highest 5 year Dividend growth rates in the industry, it is definitely my favorite pick for the moment.
Dividend Yield: 5.20%
Dividend 5 Yr Growth Rate: 1.64%
Payout % (FFO): 93.20%
Payout % (AFFO): 104.50%
Total Debt to Assets: 47.80%
Riocan is the largest Canadian REIT in Canada. Sometimes, I even feel like they own one building out of 2 in my area 
. Their strong property management skills allow them to maintain a 97.5% occupancy rate. Their size is also a great strength since Riocan is well diversified across Canada (14.9% of the properties are in Quebec, 11.3% in Alberta, 5.6% in BC with a stronghold of 54% in Ontario) and they also have a presence in the US (10.7% of their portfolio). If you pick Riocan, you do it for its stability and its size. However, do not expect much growth as the dividend growth rate is far from being impressive and the FFO and AFFO payouts are relatively high.
Northern Properties REITs (NPR.UN)
Dividend Yield: 5.00%
Dividend 5 Yr Growth Rate: 3.63%%
Payout % (FFO): 60.90%
Payout % (AFFO): N/A
Debt-to-GBV (Gross Book Value): 47.90%
If you compare NPR to REI, you will immediately understand that you have 2 stocks with a similar yield but a different approach. NPR is much smaller than Riocan but the FFO payout and dividend growth are much stronger. As the name suggest it, NPR is focused in Northern Canada and Alberta (Anybody heard of Fort McMurray? ). Northern properties is the only Canadian REIT to be part of the S&P/TSX dividend aristocrats list. If we can expect oil sand exploration in northern Canada (and Alberta), we can expect NPR to continue to benefit from its dominant position in this niche market.
Dividend Yield: 6.60%
Dividend 5 Yr Growth Rate: 3.54%
Payout % (FFO): 92.3%
Payout % (AFFO): 94.7%
Debt-to-GBV (Gross Book Value): 54.6%
Another completely different REIT, Cominar is mainly based in Quebec (with a few properties in Ottawa’s region as well). CUF is currently in negotiation to buy Canmark (CMQ.un). The valuation of this REIT will greatly depend on the outcome of this deal. In the meantime, CUF is offering a huge dividend yield (6.60%) with acceptable REIT metrics. In addition to that, their occupancy rate is at 93.60% which is pretty good considering the economy in Quebec.
Do you have any interest in a Canadian REIT?
I’m currently out of cash to invest right now but if I had a few thousand, I would definitely put them on BEI.un due to its sustainable business model. Do you have any Canadian REITs in your portfolio? What do you think is the right % of your holdings that should be invested in this sector?
Similar posts:
- 2011 Top 10 Canadian REITs List
- Health Care REITs – Are They Healthy For Your Portfolio?
- Would You Invest Everything in a 6% Distribution Portfolio?
- Canadian REITs 2011 Income Trust Survivors
- Top Canadian Dividend Stocks – Is There Anything Good Besides Banks?
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Weekly Dividend Links
Time to share the best links from the past week:
1. Top International Dividend Stocks (ADR’s) – Telecom Stocks Dominate @ IS.
2. Maintaining Your Rental Property Once You Hand The Keys Over @ PIN.
3. Dividend Income – January 2012 @ The Passive Income Earner.
4. High Dividend Stocks With Sustainable Payments @ D4L.
5. Eleven Dividend Kings, Raising dividends for 50+ years @ DGI.
6. The Face You Should Be Making Each Day of Your Life @ TFB.
7. Artio Outflows = Investor Upside? @ Barel Karsan.
8. 5 High-Yield REITs With Growing Dividends @ DGS.
9. Is There Really Such Thing As Passive Income? @ Canadian Finance Blog.
10. What’s The Best Online Bank For Young Professionals? @ Studenomics.
Diva In Debt Hosts the #344 Issue of Carnival of Personal Finance
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Dividend Stock Power Ranking
You know that since I’ve bought this blog almost 2 years ago, I never thought I would like writing about dividend investing so much? To be honest, I used to write more creative stuff over on my main blog, The Financial Blogger. At first, I felt the need to present something more professional and “straight”. I thought that my creativity had to be put on the shelf as dividend investing was darn serious and you should not be fooling around with money.
This is partially true thought. I actually think that both creativity and professionalism can co-exist. Others obviously disagree with me. And I guess this is why I had some reactions when I compared investor profiles with Lords of the Ring Characters or when I pulled out my controversial survey asking Do You Have What it Takes To Be Dividend Investor? So I already know upfront that I won’t be creating any unanimity today again with my idea of publishing a Power Ranking… but that’s okay… as long as I’m having fun doing it
What is the Dividend Stock Power Ranking?
Power rankings are usually seen in sports and this wording is notably used by ESPN (you can see an example here). It’s basically a way to rank something (in my case it will be dividend stocks) through a constantly evolving chart. This is what I’m going to try to do with our Dividend Growth Index. Since there are 24 great dividend stocks picked by 8 bloggers, I thought it could be interesting to rank them during the year. The goal is to position all stocks included in the index from #1 to #24 according to which stocks should outperform the others (stock value + dividend paid).
So here’s my Dividend Stock Power Ranking:
| Company Name | Ticker | Comments |
| __ | __ | __ |
| Intel | INTC-US | A great mix of leadership and profitability, INTC recently announced that they signed an agreement with Lenovo to produce chips for their smartphone. This could be the beginning of their (late) entry into this market |
| __ | __ | __ |
| National Bank | NA-T | National Bank has been growing at a fast rate for several years. It was the first Canadian bank to raise its dividend after 2008 and completed major acquisitions in 2010-2011. |
| __ | __ | __ |
| Chevron | CVX-US | I’m expecting a rising economy in 2012. This is why I think the energy sector, especially the oil sector is going to do well. Since Chevron is a leader in this industry, they will surely continue to grow. |
| __ | __ | __ |
| ConocoPhillips | COP-US | I believe strongly that energy stocks will rise in 2011. Since I’ve been following CVX for more than a year, I put them in front of COP but I could be wrong too. One thing is for sure (in my mind anyways) is that both COP & CVX will have a great year. |
| __ | __ | __ |
| Husky Energy | HSE-T | As I metioned in CVX comments, I think the energy sector will do well in 2012. HSE is well established in Canada and I’m sure they will jump based on better margin on the oil barrel. |
| __ | __ | __ |
| McDonald’s | MCD-US | I think MDC will benefits from its omnipresence in all markets. While US consumers are going back to spending, emerging markets can’t have enough of those so popular MD’s fries… |
| __ | __ | __ |
| Philip Moris International | PM-US | I’m not a big fan of tobacco companies in terms of ethics. However, when it comes down to rating stocks for profit, I think that PM will do well in 2012. |
| __ | __ | __ |
| Procter & Gamble | PG-US | There is nothing like a strong, cash rich, diversified stock in your portfolio. PG is the perfect example of a company that can succeed in all kinds of situations. |
| __ | __ | __ |
| Royal Bank | RY-T | The biggest Canadian Bank will do well in 2012 and will benefit from its leader position to set the tone on the market. |
| __ | __ | __ |
| Coca-Cola | KO-US | KO is more a defensive stock while its dividend will keep increasing. I’m expecting less growth for KO than some other stocks mentioned in this list but if we hit more concerns on the stock market, it will be a great shelter. |
| __ | __ | __ |
| PepsiCo | PEP-US | A strong diversification and a strong dividend payer. I put them right beside KO as both companies will be great defensive stocks if we ever hit an economic slow down. |
| __ | __ | __ |
| ScotiaBank | BNS-T | BNS has decided to not increase their dividend and keep their money for expansion projects. While I like getting dividend raises, I’m curious to see where this liquidity can lead them. |
| __ | __ | __ |
| Wal-Mart | WMT-US | With a continuously rising EPS and an economy forcing people to search for deals, I think Wal-Mart is going to do well in 2012. |
| __ | __ | __ |
| Staples | SPLS-Q | The combination of low debt and a low dividend payout ratio leaves a lot of room for SPLS to increase its dividend while growing their sales. The game will be in the margin management in 2012. |
| __ | __ | __ |
| Enterprise Product Partners | EPD-US | Another oil related company! Definitely, if this industry doesn’t do well in 2012, my power ranking won’t win any awards! EPD is a solid dividend payer and I expect another dividend increase this year. |
| __ | __ | __ |
| Abbott Labs | ABT-US | ABT has recently declared its 352nd consecutive dividend payment during the last quarter. This company is solid as a rock and will reward investors for their trust. |
| __ | __ | __ |
| Canadian National Railway | CNR-T | One of the best railway companies in North America, CNR is even part of Warren Buffett’s portfolio. If CNR was to raise its dividend in 2012, it would gain a few positions in my ranking! |
| __ | __ | __ |
| Canadian National Resources | CNQ-T | It’s low dividend yield earns CNQ a lower ranking. While it should do well because the Canadian energy sector should come back life after a depressing year in 2011, I prefer stocks that pay dividends. |
| __ | __ | __ |
| Progressive Waste Solutions | BIN-T | Waste management is definitely an interesting sector for the future. Recession or not, we will need companies to take care of our waste. |
| __ | __ | __ |
| Novartis | NVS-US | Novartis faces a 2012 patent expiration of a leading drug, Diovan. While this is common business for health care companies (patent management), I don’t like this kind of incertainty very much. |
| __ | __ | __ |
| Energy Transfer Equity | ETE-US | News for the partnership was good: unitholders overwhelmingly approved the merger with SUG, and Energy Transfer Partners issued new units, which is usually a good thing for an MLP, especially for the General Partner. |
| __ | __ | __ |
| Aflac | AFL-US | Hum… a company involved in life and health insurance…. To be honest I don’t like insurance companies at the moment. I’m a bit scared of another balance sheet scandal. |
| __ | __ | __ |
| CML Healthcare | CLC-T | There was a lot of drama around CML in 2011 and this is why I put them in the last position for now. I’m not convinced that the saga is over yet since they had to go from an income trust structure to a regular company in 2011. |
| __ | __ | __ |
| Fortis | FTS-T | Fortis is eyeing expansion in the US. You never know how it might turn out…. I don’t know much about the company and this is why its ranking is so low at the moment! |
| __ | __ | __ |
Think it’s a great idea? Don’t tell me, tell my friend Intelligent Speculator who did a Techno Stocks Power Ranking . Would you have ranked those stocks in this order? What’s your take on my #1 spot?
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If You Want to Know Where the Stock Market is Heading, Read the Following
Most articles I read in 2011 were talking about a possible bear market and how volatility will make investors go crazy. At least, they were right about one thing; volatility is making people crazy . However, these are articles are terribly wrong when they predict the apocalypse. I know that catastrophe sells more than being right but still… sometimes I wonder what people look at before publishing their articles.
Bearish Vs Bullish
So are you bearish or bullish? No wait! don’t answer right away… just wait until you read the following. Do you remember when your mom used to come in your bedroom at night because you were frightened to death because the Boogeyman was hiding in your closet or under your bed?
Do you remember what she used to do when she found you drenched in sweat and scared like hell?
She was probably doing the same thing as mine: Turn on the light, open the door and LOOK AT FACTS
There were no monsters in your closet ready to jump on you to eat you alive… and there are no bear markets coming to eat your investments either!
Newspapers are entertaining but the facts remain
If you are wondering where to look for an economic recovery, there are 5 indicators that will lead you to the answer. Thank God, these indicators are relatively easy to find and are published on a monthly basis most of the time. I’m going to review them with you and show you that we are heading toward a bull market (I know, I’m a bit stubborn sometimes).
Employment Creation
If you want to know if the economy is heading in the right direction, the very first thing to look at is the employment status in your country. While we are far from an ideal situation, we can see that there is an interesting trend since we went from 57,000 jobs created in August to 200,000 in December:
The more jobs created, the more people will work, earn money and… spend!
Unemployment Claims
While creating jobs, you better not lay off others at the same time, right? So the second indicator to follow is the number of applications for unemployment. While the results from the first week of January wasn’t too great (399,000 claims), we see a trend of staying under 400,000 since November. The 4 week moving average is now down to 382,000. Considering that unemployment claims are historically higher during the Holidays, we should see lower numbers by the end of January.
Unemployment Rate
Great news is to see the unemployment rate moving down since August. We finally cracked the psychological mark of 9% in November to show even lower numbers in December (8.5%). We still have to take into consideration that there is always a “hidden” number of people that have quit searching for jobs and are not part of the unemployment rate calculation. However, this data combined with job creation on the rise and the applications for unemployment decreasing, we can see that we are heading in the right direction:
New Housing Construction
Prior to the 2007-2008 crisis, the number of new home construction starts were at a record level of 2,000,000 per month. Yup, you read it right: 2M new houses every month were started in the US. This number had dropped dramatically in 2008 and it is slowly going back up. To have a “healthy” market, we should have around 1,000,000 new constructions every month. We are now getting closer to this number with the month of December showing 685,000 new homes:
Consumption
If we have more employed people and more new houses, this obviously leads to more consumption. And this is exactly what we see in the market with an increase in the level of consumption from Q1 to Q2 (9,375G$ to 9,380G$). Here again, it’s not an incredible increase but since all indicators are pointing in the same direction, I have a feeling that we will see a rise of the confidence of the stock market in 2012…
On top of that…
Did you know that most companies are making more money than they were prior to 2008?
Did you know that most companies have more liquidity than they had prior to 2008?
Did you know that most companies haven’t reached their stock price prior to 2008?
For all those reasons, I’m bullliiiiisssshhhhh!!!!!
If you think like me, here are a few places where to find stock picking ideas
If you want to know which stocks are on an uptrend, INO is producing a top 50 trending stock list by using technical analysis. Check it out here!
I’ve also compiled the 2012 Best Dividend Stocks in a eBook (check it out here)
This book was based on 2 bigger lists:
Best US Dividend Stocks for 2012
Best Canadian Dividend Stocks for 2012
And you can also check out our Dividend Growth Index results.
And you, are you bullish or bearish this year?
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- Where Will the Stock Market End in 2010?
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Best Links of the Week
Let’s jump right into the top links from the past week:
1. Top Dividend Stocks to own in 2012 @ DGI.
2. How To Review Your Portfolio @ The Passive Income Earner.
3. Ultimate Sustainable Dividend Portfolio – January 2012 Update @ IS.
4. Value Research @ Barel Karsan.
5. 2012 Blogging Goals The Pass or Fail Ultimate Test @ TFB.
6. Teco Energy, Inc. (TE) Dividend Stock Analysis @ DGS.
7. Dividend Stocks Are Best Bet in Uncertainty @ D4L.
8. Illinois Tool Works (ITW) Dividend Stock Analysis @ Dividend Monk.
9. 3 Reasons You Should Be Invested In Dividend Stocks Right Now @ Dividend Money.
10. Northrop Grumman Dividend Stock Analysis @ The Dividend Pig.
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- Weekend Dividend Links
- Dividend Roundup Time
- Dividend Stock Wednesday: Husky Energy (HSE-T)
- Weekly Dividend Links
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Best Canadian Dividend Stocks for 2012
Last Monday, I pulled out the Best US Stocks for 2012 with 182 companies listed in this post. As mentioned previously, I wanted to do the same thing on the Canadian stock market to be fair and to show you which companies are interesting to own in Canada even if you are a US citizen. You know this by now; I’m a big fan of some Canadian stocks as I think that the banking industry in Canada along with the resources sector can bring a lot to one’s portfolio.
While I was surprised to pull out 182 stocks on the US stock market, I was even more surprised to pull out…32 stocks on the Canadian market with the same metrics!
Canadian vs US
As a Canadian myself, it is obviously easier to buy Canadian stocks as I avoid currency risk and tax complications (depending on the type of account you are trading in). However, in the light of this chart showing a pitiful 32 stocks (of which 7 are banks + 6 others related to financial services and 4 telecoms), as Canadians you have no other choice but to consider US stocks as well. Just for the sake of diversification, you need to look elsewhere if you want to build a strong dividend portfolio. This was also the reason why I’ve put only 9 Canadian stocks in my Best Dividend Stocks for 2012 eBook.
Best Dividend Stocks for 2012
The chart is based on the same filters:
Dividend Yield over 3%
Dividend Payout Ratio under 75%
5 Years Dividend Growth positive
Ticker Name INDUSTRY_SUBGROUP Price Dividend Yield Payout Ratio Dividend Growth 5 Years
IGM IGM Financial Inc Invest Mgmnt/Advis Serv 44.79 4.8 73.99 6.96
SJR/B Shaw Communications Inc Cable/Satellite TV 19.79 4.65 72.56 26.15
CLK ClubLink Enterprises Ltd Diversified Operations 6.41 4.55 70.88 4.56
GWO Great-West Lifeco Inc Life/Health Insurance 19.53 6.3 70.37 5.81
CFN-U Carfinco Income Fund Finance-Consumer Loans 6.92 5.2 68.99 2.73
MKP MCAN Mortgage Corp Finance-Mtge Loan/Banker 13.1 8.24 67.51 11.76
BCE BCE Inc Telecom Services 41.14 5.27 62.45 8.16
T TELUS Corp Telecom Services 56.95 4.07 62.09 12.94
X TMX Group Inc Finance-Other Services 41.5 3.85 58.15 3.92
CDL/A Corby Distilleries Ltd Beverages-Wine/Spirits 15.33 3.92 58.14 3.35
CVL Cervus Equipment Corp Retail-Gardening Prod 15 4.8 57.81 6.72
CTY Calian Technologies Ltd Consulting Services 17.19 6.06 56.69 23.61
MX Methanex Corp Chemicals-Specialty 22.8 3.1 56.23 3.76
BMO Bank of Montreal Commer Banks Non-US 54.94 5.1 54.13 4.38
CEU Canadian Energy Services & Technology Corp Oil-Field Services 11.41 4.73 53.47 14.37
BDT Bird Construction Inc Building&Construct-Misc 11.49 5.76 53.45 17.6
EH easyhome Ltd Rental Auto/Equipment 6.78 5.01 51.91 7.21
RCI/B Rogers Communications Inc Cellular Telecom 38.81 3.65 48.3 70
CM Canadian Imperial Bank of Commerce/Canada Commer Banks Non-US 73.6 4.89 47.74 4.93
RY Royal Bank of Canada Commer Banks Non-US 48.95 4.41 46.61 7.63
CJR/B Corus Entertainment Inc Multimedia 20.38 4.26 45.32 20.49
NDN Nordion Inc Medical Products 8.34 4.92 44.63 25.14
BNS Bank of Nova Scotia Commer Banks Non-US 49.48 4.21 44.36 6.45
ADW/A Andrew Peller Ltd Beverages-Wine/Spirits 9.3 3.87 43.12 9
TD Toronto-Dominion Bank/The Commer Banks Non-US 73.45 3.7 40.57 13.93
GH Gamehost Inc Casino Hotels 11.14 7.9 39.5 3.06
NA National Bank of Canada Commer Banks Non-US 71.47 4.2 38.36 1.2
LNF Leon's Furniture Ltd Retail-Home Furnishings 12.2 3.28 35.54 6.76
LB Laurentian Bank of Canada Commer Banks Non-US 47.39 3.8 33.69 6.91
ACD Accord Financial Corp Finance-Commercial 6.87 4.37 31.91 8.45
MRD Melcor Developments Ltd Real Estate Oper/Develop 12.4 3.23 23.47 5.92
MG Magna International Inc Auto/Trk Prts&Equip-Orig 32.89 3.15 10.48 2.95
Out of this list, I’ve published several dividend stock analyses over at Canadian Dividend Stock including the following:
Another great option for Canadian investors that is not listed in this article is to consider Canadian REITs. But even then, this is not enough to cover all industries and have a well diversified portfolio. Unfortunately, when a sector is not doing so well or show some concerns from investors; all stocks related to this industry will go bad.
Therefore, you could think that building a “bank” portfolio along with a few other stocks and a few REITs may be good enough. In fact, such a portfolio would payout some healthy dividends and you could think it’s a good way to invest. However, being concentrated in a couple of sectors also means that you are dependent on their growth to perform over the long term. If you know which sectors are going to perform over the next 5 years, then, you are all set. But unfortunately, we don’t see such crystal ball on sale at Wal-Mart yet…
Similar posts:
- Top Canadian Dividend Stocks – Is There Anything Good Besides Banks?
- 4 Top Canadian REITs For 2012
- 2011 Top 10 Canadian REITs List
- Best US Dividend Stocks
- Review of my Asset Allocation
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