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.

Window Shopping for Dividends

 

I like the cool northerly winds after the Easter break here on the east coast of Canada. I prefer that to the heat and humidity of the summer months.

It's a mix of forecasts for the stocks looking ahead a few months. From a mild recession to shaping up to be a Bull run. The headlines change constantly where it's all guess work.

I stay informed but my main interest is the dividend yield on my stocks. Nice to see distribution increases when they are announced by companies and banks I own.

As I add to them with the majority being in the "TSX top 60" by dividend yield, slow or fast compounding kicks in. Depending on how much cash one adds and/or DRIPs, the results are rewarding over time but there is still the element of risk and being able to take the down market hits of 10% and lower while staying on course. Many an investor freaks out and sells at a loss during these crashes over the years.

Tom Connolly, with his Dividend Growth site: The Connolly Report since 1981 has a method of watching the stocks he tracks by charting dividend yield and price increases to show growth year by year over a ten year span. A decade snapshot of how a stock is doing. 

As a foundation ... there are 9 stocks out of 10 on Matt's Dividend Strategy site with the BTSX portfolio stocks I'm building on and own. AQN is the exception.

Like this young moose, why look further while doing some "window" shopping ... just what I'm looking for and it's free.

                                In this Thursday, April 6, 2023, image provided by Providence Alaska, a moose stands inside a Providence Alaska Health Park medical building in Anchorage, Alaska. The moose chomped on plants in the lobby until security was able to shoo it out, but not before people stopped by to take photos of the moose. Providence Alaska via the Associated Press

With the 24/7 Crypto market. Bitcoin and Ether have been having quite the ride lately but one has to keep in mind how volatile this market is. A few years back I got caught up in Trading as Bitcoin "laddered up" in price to new heights forgetting about a thing called ... overvalued. Down it came like a rock with a turn of events and so did my funds. 

Lesson learned and now I watch as it climbed over the $20 grand USD level and can cash out with a profit instead of being caught at BTC's peak followed by a downturn for a given cycle.