Mind Over Money

 

I've been reading the book, The Psychology of Money by Morgan Housel. 

Interesting stories about the pursuit of money and the way people think about it. What thoughts make billionaires broke and others maintain their savings, stocks, etc. with the patience to wait for growth/compounding to work along with examples of people who have experienced both

I have a plan going forward and I'm sure most do but I like this part ... You plan. God laughs.

Some plan and feel it is set in stone but I've been around long enough to know it has to be somewhat flexible because no one knows what's next to either disrupt your life or improve it and that goes for the stock world dealing with mindsets of fear and greed along with the luck and risk.

It's a great book and well worth reading about life, how the mind can manipulate the way you spend and save money ... learning from mistakes through the decades.

Ending April, I'll add to Emera (EMA) ... A Nova Scotia utility stock currently in the top twenty of the highest dividend yield of companies and banks in the TSX 60 list by dividend yield.

Another utility stock I'll add to in May is Fortis (FTS), based in St. John's, Newfoundland with interests in the US, Central America and the Caribbean.

With the Pipelines and going ex-dividend in mid-May and at the top of the list for dividend payers is currently Enbridge (ENB). 

These are all quarterly payers with the dividend that comes with earnings and dividend growth over the years.