RE:RE:RE:RE:general stock commentHey Karl
Thanks back at you. It really is enjoyable to see and read about investors that have the same style as us. There's not many but I've heard and read of a number and all of us are very dedicated to our strategy.
I put a good effort into developing this strategy starting back in 2011 when I cut back my works hours to 4 7 hrs days/week. It took about 4 years to refine and I still tweak it a tiny bit here and there. (ie: like my changing thoughts on REITs).
A couple years ago, I stumbled on a guy named Henry Mah. He is a totally amazing DIY guy. Inititally, we had a few minor differences but I'm actually findng myself drifting more & more towards his style.
He has written 4 or so excellent books on dividend income.growth investing and has his own blog (see below). He also is 100% invested in 12 TSX listed dividend income.growth stocks.in banks, utils, midstream, and telcos. He hates ETFs, fixed income, GICs,, diversification, foreign markets, etc. I thinks most advisors are out to lunch and selling a crock of sh*t.
Anyway, I reallt admire the guy and here's his link (any other liked minded dividend investors should have a boo as well).
Take her easy
Sarge
https://risingyieldoninvestments.blogspot.com/ Karl63 wrote: Thanks Sarge, as always I read your posts with great interest.
I say with great interest because I'm quite inclined to your style of investing, yet have encountered resistance from others or the media regarding some of the methods. For example, I have always liked investing in Canadian companies that pay good dividends, and yet many say that you should diversify throughout the world . . . you know the old argument that Canada only controls 3% of the world's equity investments. I've never felt comfortable buying foreign stocks; I don't know enough about them, and I don't like the loss of the dividend tax credit as well as other bookeeping challenges.
I've also been inclined to invest 95% equities and 5% cash, something I've also been criticized for.
So I like your style, and it reconfirms my own thinking.
Is it really true that many people only have 2 or 3 stocks? Could you have a retired person with a 1 million portfolio that only has a few stocks? THAT would be putting all your eggs in a tight basket!