I just bought stock for the money I had put into my TFSA account this year. It took me a while to decide what I wanted to do with this money. I finally decided to buy some more Evertz Technologies (TSX-ET, OTC-EVTZF). I could not at first decide what stock to buy so I just paused for a while.
Evertz Technologies (TSX-ET, OTC-EVTZF) is a small cap stock that I first bought in 2011. I have done well with a 12.20% total return per year. Most of the return is in dividends with the capital gains at 4.46% per year and the dividends at 7.74% per year. This is considered to be a Tech stock.
Rather than make a mistake in what you invest in, if you are unsure, perhaps it is best to take some time to review your options.
I plainly remember one time I did this before. It was when my portfolio was increasing fast. It took me 11 years to get $100,000 and then just 14 more to have enough to stop working. After I got to $100,000, my portfolio started to increase quite fast. I thought about getting a financial advisor and talked to a few. I also talked to people at the Money Show. In the end I decided to continue investing myself but I am glad I took time to consider where I wanted to go and what I wanted to invest in.
Pausing for while might have slowed down my returns but overall I have done well. So I think it was fine for me to take a pause every once in a while because I have done well overall.
This sort of thinking came up in a book I recently read called Thinking, Fast and Slow by Daniel Kahneman. There are reviews of this book Amazon. You might also want to look at reviews at Good Reads. They often have very good reviews.
On my other blog I wrote yesterday about ARC Resources Ltd. (TSX-ARX, OTC-AETUF)... learn more. Tomorrow, I will write about Home Capital Group (TSX-HCG, OTC- HMCBF)... learn more on Friday, February 17, 2017 around 5 pm.
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. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
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