RE:RE:RE:Why the end of day dump?YoungInvestor91 wrote: Looks like you were right for about 20 minutes this morning.
Now it's even lower than before. I swear this "Canadian Blue chip" dividend strategy is going nowehere. Such a waste of my time and money.
All my holdings are in the red, meanwhile my only growth stocks are in the green. What a waste of time this strategy has been.
In fact "time" is how the blue chip dividend paying strategy works. And by time I don't mean 6 months or 16 months. It takes years. Right now blue chips are a little out of favour due to the prospect of rising interest rates. That will change.
DRIP your dividends. If prices are currently lower you will slowly bring down your average cost. Take advantage of the compounding effect that has, to get your dividends working for you right away, and without the brokerage cost. Also allow time for the annual dividend increases to start to have a material effect. But, you should also have a few growth stocks to add a little spice to your portfolio. Just don't make it a large portion of your overall holdings.
Sounds to me like you are probably on the right path, just be patient.
Cheers.