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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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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The Invisible Mistake You Keep Making
Warning: this article will not be easy to read for most of you. You will likely deny making this investment mistake. Yet, you keep doing it and losing money without even realizing what’s happening. I’m not reciting classic investing mistakes with some generic solutions. I’m attacking the top investing mistakes I’ve seen across the DSR community over the past 6 years. This post covers one investing mistake you keep making and this seriously hurt your portfolio… without you knowing it! In …
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Best Dividend Achievers from the 2020 List
While some companies cut their dividends and may occasion you to lose money, others like the Dividend Achievers will become real money makers in your portfolio. The Dividend Achievers list includes all the companies showing more than ten consecutive years with a dividend increase. Investors are impressed by the Dividend Kings (50+ years with dividend increases) or The Dividend Aristocrats (25+ years), but I prefer to use the Dividend Achievers Index to search for my next potential …
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Tracking your dividend growth is just step 1 of investing with confidence
The past few weeks have been quite hectic on the market. First, the market was going sideways throughout all summer and now that we got some new earnings results, we hit new record highs. Now, everybody’s talking about when this madness will stop. I mean, the market must crash and burn one day, right? I wanted to write this article about confidence which happens to be a key component in successfully managing your investments and your life. The problem isn’t fear or being overwhelmed by …
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