Like so many investors who actively invest in dividend stocks that have a very long track record, I got really burned in the this most recent market downturn. I was lured into the perceived safety of long term dividend growth stocks - especially when it came to financial and banking stocks. For example, at my peak I held shares in the following banks and financial stocks: Citigroup, Bank of America, Royal Bank of Canada, IGM Financial, and U.S. Bancorp. This got me into trouble and …
Top 4 Investing Actions to Take Now
If it has been awhile since you last looked at your portfolio, or even if you have a regular routine of investment actions you take, these are the top 4 things that I believe are essential to effective management of a portfolio. It does not matter if you are do-it-yourself dividend growth investor or use the services of a financial planner, these are things that all investors should do on a regular basis to ensure an effective portfolio.[ad#tdg-embedded] 1. Check your Asset …
Tracking Your Dividend Income
For those of you long-standing dividend investors you probably have a method to track the growth in your dividend income. However, for those of you who may be new to dividend investing or perhaps have a number of dividend stocks but have never set up a method to track this income then this post may help you. I have personally been tracking my dividend income for years and find that it is a powerful way to see my investment strategy at work.[ad#tdg-embedded] The method I use is super simple. …
Avoiding Advisor Risk
As a DIY investor, I personally do not have an financial advisor helping me with my personal investments. I do have a lawyer that I use when need be, as well as an accountant helping me file my family's tax returns. That being said, I am not at all against people having financial advisors if they do not have the time or energy to manage their own investment accounts. Personally I have chosen to take things into my own hands to save costs and because I love the investment …
4 Benefits of Employer Share Purchase Plans and Pensions and 1 Downside
At this time of year, I realize that I am one of the fortunate individuals who works for a company that still provides a good employer share purchase plan as well as matching pension contributions. Although these contributions happen on a monthly basis for me, it is during spring that I am especially glad because it is when bonuses are paid. Never mind the additional cash I receive from the bonus - the best part is that this bonus is subject to the same matching that I receive all year for …
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