As some people know, my wife & I are conservative dividend income/growth investors living off our dividend income. We never invest in risky stocks nor look for home runs. That's why we would never touch something like Tesla, pot stocks, etc with a ten foot pole.
That's not to say that we haven't "stumbled" into some big returns. For example, we made big dough from:
- a number of take-overs (AAR.UN, ECI, ENF, VNR, DRG.UN, NVU.UN)
- completely selling a stock for various reasons (MIC, FN, REI.UN, PKI, BEP.UN)
- trimming a stock (NPI)
We're also sitting on some really big "paper gains" (AQN, BCE, BIP.UN,EMA, NPI, DIR.UN,GRT.UN, RY).
So as some posters have conjectured, no we did not win a lottery. We made our riches by good old fashioned wise investing. As I said, we have made what some people woud call "mistakes". I like to call them "learning experiences".
Our strategy of 100% TSX listed dividend incom/growth stocks without any direct foreigh exposure nor fixed income certainly isn;t for everyone but we are pleased as punch with it.
I think the main thing is for an investor to develop a strategy, tweak it as necessary, and stick with it.
Happy New Year and all the vest in 2021.
Sarge