There is an Investment Report article on Daily Advice talking about stocks for the long term. It mentions Jeremy Siegel’s book of Stocks for the Long Run. This was a great book. I read it a number of years ago.
I certainly agree with the premise of the book. I had a mixture of growth and dividend stocks when I was building a portfolio. When I stopped working, that was when I switched to dividend growth stocks. Unlike a lot of people I have read, I do not go for the stocks with high dividend yields. I have a mixture of low, moderate, and high dividend yields. I want dividend growth as well as dividend income.
There tends to be a correlation between dividend yield and dividend growth. The higher the dividend yield, the lower the dividend growth and vis versa. I am willing to sacrifice current yield to get a growth in dividends above the rate of inflation.
On my other blog I wrote yesterday about Kirkland Lake Gold (TSX-KL, NYSE-KL) ... learn more. Next, I will write about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more on Wednesday, May 13, 2020 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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