One of the things I do every weekend is to watch the TD Waterhouse investment video. This is the link to look at their videos. They are short at just around 10 - 15 minutes. The interviewees often have something interesting to say.
This past week was entitled "Picking a Dividend Payer in Sideways Market:. This weeks interviewee was Cynthia Caskey who is Vice President, Portfolio Manager and Sales Manager for TD Waterhouse Private Investment Advice. She felt that we are currently in a sideways market and that the best choice for investing was in dividend paying stock. She particularly liked dividend stocks that were growing their dividends.
She also talked about quality of management being an important in picking stocks. One of the things she mentioned was a recent study that said that company boards that have women outperform ones that do not.
She, as most people interviewed here, gives a couple of stock picks. Hers were Canadian Utilities (TSX-CU) and PepsiCo Inc. (NYSE-PEP).
I must admit that this is my current strategy. That is I am investing in dividend paying stock in order to make money in the market. I have bought a few things for capital gain, but they were all short term investments. The world economy is in deep trouble and I do not see things changing anytime soon. No one is willing to make the tough decision until they have to.
She is not the only one to think that we are in a sideways market. A lot of commentators on the market are saying the same thing.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website for stocks followed and investment notes. Follow me on twitter.