For 2022, an investor's Christmas will probably include the Grinch, robbing profits and gains out from under a Christmas tree full of stock ornaments they had from last year.
However, those that only hold stocks that pay a yield that didn't see dividends cut and some climb aren't too worried about the Grinch although most portfolios are down in value for now.
The Blogs I read on the right have many of the same stocks the I currently hold and on my Watchlist to buy in the months ahead. Top Canadian banks, utilities and oil related plus Telecoms are my main interests. Buying more with the cash dividends they produce at today's prices will bring about a higher portfolio value with future "up" cycles in the stock world. A form of compounding over time.
I like this letter to wrap up the year by John Heinzl who writes for the Globe and Mail on Tawcan's Blog.
Good advise and not only for the young but those new to investing of all ages. It's always a learning curve I find but avoiding "get rich quick" schemes and thinking long term is a good starting point.
A quote from that letter ...
Your portfolio is like a bar of soap, the more you touch it, the smaller it’ll get. Therefore, learn to be patient and let your money compound. Let your investing decisions be based on logic and reason, not on emotion and impulse. If you are patient and allow compounding – what Einstein referred to as the eighth wonder of the world – to take place, you will be richly rewarded.
Have a Merry Christmas and good fortune.
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