Whenever I tell people I write an investing blog I generally get the comment that they tried to make money in the stock market once but lost money instead. I think people hear about others scoring big in the stock market and think that is what happens. But that is not what happens. It can happen, but very rarely. People tend to remember their big scores and forget about money they have lots. People that I know that do well in the stock market, basically do not trade a lot, but buy some good companies and keep them.
For the average person to make money in the stock market, this is the only way to go. If you cannot be bothered to check out companies to see if they are worthwhile in vesting in. You could always get a mutual fund or ETF from your bank. Generally, ETFs have lower fees. For example, TD Bank has a TD Q Canadian Dividend ETF with a management fee of 0.35% and invest in a number of Canadian stocks that pay dividends.
I also understand why seniors buy such stocks as Rogers Sugar (TSX-RSI, OTC-RSGUF) where the dividend payments are much higher than interest rates, you get a deal on having dividend income rather than interest income and your capital is probably safe, but I would not expect much in capital gains. Basically, this is called passive investing. There is always a tradeoff between dividend yield and capital growth.
On my other blog I wrote yesterday about Canadian Imperial Bank of Commerce (TSX-CM, NYSE-CM) ... learn more. Next, I will write about Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) ... learn more on Wednesday, January 22, 2025 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. 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.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
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