Navigating volatile marketshttps://michaela34.substack.com/p/navigating-volatile-markets
Oddly, investors are relaxed when share prices are rising and anxious when they are falling. I wonder if shoppers would be so relaxed if the price of groceries kept rising every day (as they are today) and anxious if everything they purchased on a regular basis kept falling in price? Some things are so obvious they are usually ignored - investors benefit from lower prices for shares in the companies they wish to invest in and are punished by higher prices.
In March of 2020 when the pandemic was declared, shares of many companies fell quite dramatically. There has not been a similarly good time to make investments since the global financial crisis. I did and built a strong portfolio of oversold energy companies like Birchcliff (I paid $0.88 a share), Peyto ($1.04 a share) and Whitecap ($1.10 a share). Each of these stocks is had increased in trading prices eight to ten fold since mid-2020 and I have no plans to sell. Birchcliff now pays an annual dividend of $0.80; Peyto of $1.32; and, Whitecap of $0.58 and now these three holdings alone provide me with over $100,000 annual dividend income.