Thursday, January 3, 2019

Pulling Out Early Always Leaves a Mess

If there is anything I've learned from being totally invested during the 2008 financial crisis, it's that to just sit tight and stay put. Never pull out of the markets or your financial house will be a total mess.

Of course if you have never experienced a pullback in major equity markets then you are beyond stressed out. Maybe you're not and good for you if you managed to keep your head on straight.

What about December 2018? Did you decide to sell everything to square the books or because you had seen enough red on your account statement from October and November. December was the worst month on the stock market in 10 years. However, the Dow rose 1,000 points on the 27th of December giving it, it's biggest one day gain and pulling the market out of bear market territory.

What did you do? I hope you didn't pull out too early and not stick around for that sizable gain.

You have to stay invested to realize gains when they come and they always always come. It's a long game so buy quality and NEVER sell!

Do you have any discipline? NO, then go out and get some or get out of the stock market. Gird your loins because the coming year will be more of the same.

Just yesterday on the first full day of trading of 2019 the market (Dow) opened almost 400 points lower. By the end of the session we were slightly in the green.

If you were tempted to sell because you couldn't take it anymore or worse yet bought bonds or went to cash you severely missed the boat.

We will all have our own definition of too early and mostly it depends on age. I'm already retired so why would I sell any income stocks when I like to use the dividends to supplement my pension

You might be 20 years out from retirement and in that case just sell some of your major mistakes on days when the market is roaring ahead.

No need to liquidate everything and pull out completely.


  • focus on future rising earnings
  • use market sell offs as buying opportunities
  • short term gyrations should be ignored
  • stay disciplined
  • we are not buying stocks today to sell tomorrow
  • think long term - ALWAYS!
  • what goes down will always go back up over time
  • it helps to look at the price you paid for your stock when the market goes down
  • there will always be another bull market

NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!

No crypto, weed, gold, commodities or cyclical companies. Just me!


Looking for Saving Ideas So You Can Invest? 


If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 

If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.


If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!


Recommended Reading

This is the second edition of Robin Speziale's book 'Capital Compounders'. I have just received a review e-book version that I am currently reading and will have a review posted here and on Amazon in the coming weeks.

Robin invests in growth stocks and is the best selling author of 'Market Masters'

Robin has been saving, investing, and building his portfolio since the age of 18. Now, 10 years later, at the age of 28, he’s amassed a $225,000 stock portfolio. He lives in Toronto.

Besides following his blog he has a Capital Compounders Facebook Page well worth joining for learning where to better invest your capital.






Wednesday, January 2, 2019

Predicting 2019-Can You?


I used to gamble a lot with stocks in my retirement portfolio. Nowadays I don't do that even with my open account. Since I retired I've found even that is too stressful on me so I just focus my attention on income producing companies. Hold and let everything ruminate.

I bought and sold a lot of stocks in 2018. Too many actually. I dumped all ETFs, funds and bonds in all accounts. I hold a combination of US stocks and Canadian dividend growth stocks in 3 separate accounts for my wife and I.

Our US positions include FB, COST, AMZN, BRK.B

All good companies that I bought too soon and will wait and hope for them to recover.

In my haste to redistribute my portfolio holdings I ended up buying long before the October/November blood letting correction. We had so many dips with the whole financial world screaming out another buying opportunity it was ridiculous.

My whole investment philosophy is built around the teachings of Tom Connolly, Stephen Jarislowsky and Warren Buffett. My portfolio is now built around the Canadian Essentials Portfolio designed by retired political science professor Mike Henderson. I wrote about it earlier on this blog here.

The core of our retirement holdings consist of;

TD, RY, BNS, CNR, CP, CU, EMA, FTS, ENB and TRP.

You have banks, utilities, railroads and pipelines. These are the industries that are absolutely essential for the Canadian economy to function and would grind to a halt without them. All you have to do is read about all the angst in the oil sector and how the government is involved getting the product to market. This makes existing pipelines so important along with the railroads because there is no other way to get oil out of Alberta without CNR and CP. Pipeline companies like TRP and ENB have nowhere to go but up and as long as we rely on natural gas we need them for our survival.

I have also bought and spread out some of the telecomm stocks; BCE, Telus and Shaw as these also provide a data pipeline that we all need and use. Ignore all the cord cutting talk. It's all about the data usage and the future of wireless.

Pretty boring stuff you might say and I agree. To supplement these great essential income stocks I have also added MTY, CSU, TFII and BIP-UN. This should help grow the portfolio and I believe are great companies in the Food, Tech, Trucking and Infrastructure space. This is just what I'm doing and not advice for you to go out and buy these companies.

I lost 5% in total portfolio value in 2018. I won't be selling much if any stocks in 2019 but rather add to existing positions with the dividend income the portfolio will generate. The average yield is a very safe 4% and should grow yearly.

A lot of people follow the Dogs of the TSX portfolio which comes out at the beginning of the year for ideas on what to buy. They take the top ten highest yielding stocks that have performed the worst. They are bought in equal dollar amounts. The strategy was designed by Michael O'Higgins and called the Dogs of the Dow. It was adapted in Canada by David Stanley and he called it 'Beating the TSX'.

In 2018 the Canadian Dogs lost 11% if purchased on 2 Feb 2018 when I started to track the holdings. The TSX lost 12% so you would have lost less just going with these 10 stocks. They were BCE, BMO, BNS, CM, ENB, NA, POW, RY, SJR.B, and TRP.

The S&P 500 was down 6.5% and the Dow plopped 5.6%. Their biggest declines since 2008. There really was nowhere to hide.

POW lost 20%. It is a real darling among the dividend crowd but I believe the growth has been squeezed out and there is no future in mutual fund/insurance only companies. To each his own but I'd rather buy a bank or pipeline with a future. 

If you like to use Bond ETFs to consider yourself a balanced investor and feel safe go ahead but it's not something I do. Ten year gov't bonds yield 2.5% with zero growth. Is this where you want to invest your retirement money?

I also sold my wife's MAW104 mutual fund. It was no safe haven during a market pullback. You see, this is how these products are packaged and sold to us. The logic is mainly that a balanced and professionally managed investment product will save you. The fact is they all lose money and you pay a fee to allow them to do it for you.

My portfolio is balanced by essential industries to the economy. I focus on total return and not just monthly dividend income. This means nothing if you are losing capital appreciation but gaining in dividend income. This is what John Heinzl likes to boast about. " I lost money but look my income is rising" Ya OK champ, however you want to spoon it out to make you feel successful.

This is why I don't play well with other financial bloggers, writers and experts. We all know nothing but claim it works. Do what you feel comfortable doing. I don't buy the market anymore. I don't believe in the efficient market theory. Buy great quality dividend growth companies and hold for the long term. This is in my opinion how to best plan for retirement. Save as much as you can and don't pay fees to anyone. You can do this yourself. Who do you bank with? Start there and buy some stock. Why not? You already use the service so invest in your bank and not just use them. NEVER buy what the bank is trying to sell you. NO bank funds or ETFs, too expensive. Just buy the stock and never sell it.

MY 2019 Investment Focus

  • hold good dividend growth stocks
  • ensure you hold outstanding companies NOT just good stocks
  • ignore market fluctuations
  • focus on companies that raise dividends year after year
  • avoid cyclicals
  • NO gold, oil or commodity stocks
  • NO crypto or weed
Start looking for what's cheap. When a stock is way off it's 52 week high it doesn't mean it's going to ever get back there. All you have to do is look at Husky for an example. HSE was trading at $48.82 in June 2008 and now it's $14. It will never ever reach it's peak again. This is why I don't buy cyclicals.

I have no idea how to predict 2019 and anyone that can tell you what will happen in the short term is just a salesperson and a liar. The short term is 1 year, focus on 10 year increments and study that company specific info.

All the best of investment success in 2019. Reading and studying will help. Have a plan and stick to it.

Never follow the market!



NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!


Looking for Saving Ideas So You Can Invest? 


If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 

If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.


If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!


Recommended Reading

This is the second edition of Robin Speziale's book 'Capital Compounders'. I have just received a review e-book version that I am currently reading and will have a review posted here and on Amazon in the coming weeks.

Robin invests in growth stocks and is the best selling author of 'Market Masters'

Robin has been saving, investing, and building his portfolio since the age of 18. Now, 10 years later, at the age of 28, he’s amassed a $225,000 stock portfolio. He lives in Toronto.

Besides following his blog he has a Capital Compounders Facebook Page well worth joining for learning where to better invest your capital.



Thursday, December 20, 2018

Stock Picks for 2019


Just a short post on my stock picks for 2019. 

Everything is just getting hammered in the last couple months of 2018 so it would be very easy to choose a lot of companies that have been beaten down mercilessly. Everything is on sale.

As a retiree I look for income stocks to supplement my pension income. As long as you stick with big stable companies that have at least a 10 year record of double digit total returns then long term you will do great. I could pick a lot more stocks from the bank, telecomm, utility and pipeline sector but I would have no problem starting with these in 2019. I own them all and in fact have been increasing my positions in the last couple of months.

I don't buy high yield junk that risks cutting dividends. Hello IPL fans. 9% yields are a warning sign and NOT a buying signal. Do your own research but I stick with around 4-5 % yields. Boring is great for income.


Income Stocks

BNS - Bank of Nova Scotia, down 12.5%, Yield = 4.7%
RY - Royal Bank, down 10.5%, Yield = 4%
TRP -Transcanada, down 5%, Yield = 5%
BCE - Bell, down 2%, Yield = 5.3%
FTS - Fortis, up 4% Yield = 4%

Growth Stocks

GIB-A CGI Group
MTY MTY Food Group

COST Costco
BRK.B Berkshire Hathaway
MSFT Microsoft

All of these growth stocks have held up fairly well in the latest purge of stocks on all the exchanges. I own MTY, COST and Berkshire.

"If you want to buy stocks why do you want them to go up in price" - Warren Buffett.

"The stock market just gets in the way of investing" - John Bogle

Stick with buying great businesses in 2019. I like big stable companies that make money and should be around for a long time. Just my take.

A lot of retirees believe in diversification and holding bonds or bond ETFs. I don't and have sold all mine. The yield on a 10 year government bond is 2%. The 10 year capital appreciation growth rate of Royal Bank is 8%. That's 4X the return of bonds. I don't rebalance or buy bonds. I'd rather own the bank and collect the dividends.

My only regret right now is I have run out of money and would have to sell something to buy something. I like my holdings so will have no choice but to sit tight.

The longer you hold great businesses the safer they become.

No crypto or weed.

All the best of investing success in 2019. 

Tuesday, December 18, 2018

How to Save Your Portfolio



I no longer trade stocks in the short term or buy bonds, mutual funds or ETFs. I basically stay away from anything in the investing marketplace that has an ongoing cost of ownership.

I like and prefer dividend growth stocks that pay me to own them. Focus on total return that is Yield + Growth = Total Return. I'm retired so I want and lust after stable and safe income combined with some modest growth of my money.

It has been a brutal 2018 investing year and a lot of what I own has been punished and taken out behind the wood shed and beaten to death.

I visit a lot of investing forums and FB investing groups and the sentiment is dark and the questions so many. Sell everything, go to cash, short the market. What the fuck should I do? Then the constant bickering and arguing.

You see, investors don't know what to do but they enjoy venting to anonymous people on the internet.

I listen to Buffett. Study the work of David Stanley and Mike Henderson. Beat the TSX portfolios or Canadian Essentials stock components and my value guru Tom Connolly. This is my circle of influence and how I now invest.

STOP jumping in and out of stocks and believing in the myth that a balanced and diversified portfolio will save you. I used to think this way too. I have since sold all my bonds, prefs share ETFs and anything indexed to the market. I pay no fees.

Just about every model portfolio you look at out there has dropped in value in 2018.

The Dogs of the TSX Portfolio is down so far 9.5% and Rob Carrick's Low Fee ETF Portfolio is down 4%.

Why pay someone to lose money for you?

Check this out for ideas. You CAN beat the market if you hold through the swoons and storms of the market.



My wife's portfolio is all invested in just these 10 stocks. My RRSP is very similar with some telecomm positions added in. I just believe we all depend on data so  Telus, Bell, Rogers and Shaw are pretty much essential to the economy too. Who knows but they have a shared monopoly in the space.


NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!


Looking for Saving Ideas So You Can Invest? 


If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 

If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.



If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!


Recommended Reading

This is the second edition of Robin Speziale's book 'Capital Compounders'. I have just received a review e-book version that I am currently reading and will have a review posted here and on Amazon in the coming weeks.

Robin invests in growth stocks and is the best selling author of 'Market Masters'

Robin has been saving, investing, and building his portfolio since the age of 18. Now, 10 years later, at the age of 28, he’s amassed a $225,000 stock portfolio. He lives in Toronto.

Besides following his blog he has a Capital Compounders Facebook Page well worth joining for learning where to better invest your capital.

Friday, December 14, 2018

Why I'm My Own Financial Advisor

Just a short post on why you really need to manage your own money and if you don't you really should.

I have always found when I was involved with a mutual fund salesperson that you have the privilege of paying someone else to lose money for you.

So why not DIY?

If you lack discipline and panic easy then wait until you can control your emotions. Then dive in. Nobody will care more about your money more than you do.



Why Professional Management Sucks

  • they love the efficient market theory. The concept is flawed having you believe the best you can do is what the market gives you.
  • pros are too active and trade in and out of stocks at a dizzying pace.
  • they tell you to focus on the long term when in reality they are fixated on short term performance.
  • buy stocks at the wrong time.
  • always under pressure from clients on portfolio performance.
  • instead of buying the best companies they use an equal weight formula.
  • they try to beat a benchmark with so many bad companies in them
  • most NEVER beat the market.

To Win Focus Instead on This

  • hold your stocks and never trade in and out.
  • focus on the cash flow your stocks will give you.
  • ignore missing out on the next Apple or Netflix stocks.
  • invest for income and not capital gains.
  • you are building for retirement so cash flow matters.
  • own the BEST and not the most stocks.

Where to Start

To get that cash flow and grow that income you just need to own a bank, utility, telecomm and a rail stock like CNR. That's 4 stocks. Start there and then add 4 more. My choices are CN, CP, TD, RY, BCE, FTS, ENB and TRP.

Nothing wrong with other financial stocks, utilities or pipelines just have a safe mix and concentrate your money there.

I believe this is the best buying opportunity to come along in the last 10 years. When markets are down 20-25% consider it a sale. If you don't buy now when would you?

My Final Take

Professional money mangers don't have to pay the price when they're wrong. They're NOT invested where they put your money. Go ahead and ask if they are invested in the high fee fund they have put you in.

Too many conflicts for me.

I don't use low cost ETFs as there are too many really bad companies in them. Check out TSX index ETFs. Lots of resource companies that drag the index down. I don't invest in them or own them.

Never invest in high yield stocks. You risk the cash flow being cut and the dividend never growing. You invest for the future cash flow the stock will give you in retirement. This is what I've learned as a DIY investor. Make 2019 your year and buy quality companies that have a history of growing their dividend.

You can beat the professionals hands down.



NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!


Looking for Saving Ideas So You Can Invest? 


If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 


If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.

If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!

Wednesday, December 12, 2018

Baby It's Hot Inside


Just a short post on my general feelings about what's been happening on the markets and inside my own portfolio.

It's been a crazy month and a half on the markets. Portfolios are melting everywhere and no matter where and what you're invested in.

So what to do? Forget focusing on the markets. Huh? But I like to look every day for deals and then buy stocks when they go on sale. Yes but just focus on quality big stable dividend growth companies and buy them when you can afford to.

Just simply watching what the markets are doing sucks you into believing in efficient market theory. When you do that you'll sell your stocks and buy bonds or worse yet prefered shares. Maybe you'll just believe the new hype that CASH is an investment and sit there. Maybe you'll believe in balance and diversification and load up on ETFs and or MFs.

The longer you hold stocks in stable companies the SAFER they become!

Bonds and cash won't save you from anything. The goal is to grow your money and not get scared out of your positions.

What's really been pissing me off lately on all the discussion forums and financial blogs is the day to day calling of bottoms. You constantly are subjected to "this is a great buying opportunity, OR "I believe it's safe to jump in here".

Nobody knows anything definitive and NEVER take advice from ghosts on the internet including me. I'm just telling you what I'm doing and how I'm living.

I have a different perspective because I'm retired and use dividend income to supplement my retirement. I'm actually doing it NOT just writing about it or even worse yet posting endless useless content about monthly dividend income. Why post that without total portfolio growth? I have better things to do.


Are you Selling?

Bad idea if you ask me. You should only sell if you need the money or sell on up days to rid yourself of some bad mistakes. Lately all the days have been down. You can thank Brexit, Trump, China and Central Bankers. There's always something s f*ck IT! Never act on it.

Own quality companies and hold long term. My Costco shares are thriving even while the markets are tanking. Why? Because Costco doesn't give two fucks about what the markets are doing and neither should you. People will continue to shop and spend because of the experience. I will die holding my Costco shares. There are many companies out there that fit this criteria.

The odds are always in the favour of those who invest for the long term. The market goes up 78% of the time decade after decade.

There have been some great buys in 2018 and NOT a time to panic.

My Final Take

No crypto and NO weed. Stay the course and stay invested. Ignore the fear mongers, they're everywhere. Just wait it out. If in doubt then don't even get started just sit there.


NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!


Looking for Saving Ideas So You Can Invest? 


If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 


If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.



If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!

I never invest in the stock market, I like to buy quality companies and hold for the long term. Stocks become safer the longer you hold them. I believe Costco is one of those companies you should buy and hold. My opinion and not advice for you to do the same. 

New Book and Recommended Reading

This is the second edition of Robin Speziale's book 'Capital Compounders'. I have just received a review e-book version that I am currently reading and will have a review posted here and on Amazon in the coming weeks.

Robin invests in growth stocks and is the best selling author of 'Market Masters'

Robin has been saving, investing, and building his portfolio since the age of 18. Now, 10 years later, at the age of 28, he’s amassed a $225,000 stock portfolio. He lives in Toronto.


Besides following his blog he has a Capital Compounders Facebook Page well worth joining for learning where to better invest your capital.



Saturday, November 24, 2018

Sticking with My Core Portfolio in Tough Times


Just a short post on what I have been doing with my portfolio during the latest carnage in the markets. I've made lots of changes.

Everyone has an opinion on what you should have or own in your portfolio. I'm no different and I'm no investing guru.

What I am is retired now so trying to protect money invested is at the core of my investment thesis. Also with that comes income generating investments. I firmly believe as a retiree you need to be invested in income producing stocks.

This has to be the goal. The core of our retirement portfolio is invested in dividend growth stocks that produce this income. 

I did a lot of buying and selling during the October pullback only to see markets retreat a further 1000 points on Monday and Tuesday this week. Here we are on American Thanksgiving and wondering if all that buying and selling is actually going to turn into a Santa Claus rally.

I'm out of cash and shot my load last week adding to existing positions.,s I'm done for the year.


What I Sold to Buy Stocks

My Wife's LIRA

I dumped her MAW104. When I heard the news it was looking for a buyer, I decided to sell all units. This mutual fund was being held in my wife's LIRA. I decided to turn those MF units into holdings of CP, CNR, TD, BNS, RY, FTS, CU, EMA, TRP and ENB.

As you can see her core is now banks, utilities, pipelines and rail stocks. Her Mawer fund was costing 1% so we are now free of that monthly cost. It was not performing that well during these daily pullbacks as the bond funds were of no protection. Bonds are not safe, it's all jargon and bullshit. You don't need them. They lose value in a rising interest rate environment and the monthly distributions will never keep up with capital erosion. How is that safe? It's just spin to get you to buy into the balanced, diversified portfolio theory. Build your own portfolio and let it work it's long term magic.

Her RRSP

We still had a small position in XAW so I sold it and divided it up the cash and bought Royal Bank and BNS. We are in the process of moving her LIRA (in kind) to her RRSP. We'll see how and at what cost that works out to. Fortunately her LIRA is small enough that she has the RRSP room to make this tax efficient. She also owns all the same stocks in both accounts so this should super charge those existing stocks.

My RRSP

I sold my VFV which is a low cost S&P 500 ETF. I used the money to buy FTS and BNS. Yes boring stocks but dividend payers to supplement my dividend income.

All of these accounts now have a very safe and respectable 4% yield.

Growth Stocks

Now for the sexy stuff. FB, AMZN, BRK.B all down significantly since purchase. I would never sell them because I believe in their long term future to provide a little torque to our dividend stocks.

Our holdings in MTY and COST are still in the green even after triple digit losses on Monday and Tuesday of this week. I like food stocks and Costco is just one of the best food/retailers on the planet. I hear it all the time, "I love shopping at Costco but it's too expensive an investment". I just don't look at it like a trader. You pay up and then hold. It becomes cheaper the longer you hold this company.They just generate tons of free cash and make money.

The only tech stock I hold is CSU. Another great Canadian success story in the tech space. I'm basically flat since purchasing this stock a few months ago. Growth stocks have been hammered in the last month. I believe if you have any cash at all there are a lot of great companies now on sale. Some are 25% cheaper than they were at the beginning of October. This is a Black Friday stock sale going on right now.

Final Thoughts

The core of all portfolios is very concentrated in the 5 sectors of banks, utilities, pipelines, rails and telecomms. I own no bonds, preferred shares, mutual funds or ETFs. We are 100% stocks. Not recommended for everyone it's just what I do and doing what I do means being different.

You have to swim upstream and rid your cluttered mind of all modern portfolio theory. Fuck diversification, buy quality companies. Bonds are and have been a shitty investment. Funds cost money and you save a lot doing it yourself. Take a look at any chart on pref share funds/etfs. They have fallen of a cliff and barely grow your money at all. Why do people buy this shit?

Advisors just come at you with jargon and BS financial terms to justify taking your money while they rub your balls. If you don't know what to do go sit in the library and study. This will save your wealth over time and in retirement.

Investing within the confines of modern portfolio theory just means you love the comfort of what the industry is selling. I question every expert and everything investing. To make your own money grow you have to invest in quality companies. Individual stocks are safer than the whole fucken industry with their complex products.

I buy stocks for their future cash flow because if you buy quality stocks that cash flow only increases over time. Is TD bank going to lose money or go under? No I highly doubt it and think of the increasing dividend payments you'll receive over the next 10 years. That should be why you invest in stocks.

The goal is to have a growing income in retirement and NOT turn into a coupon clipping, penny pinching pensioner.


NEVER GAMBLE WITH MONEY YOU HAVE SAVED FOR RETIREMENT!


Looking for Saving Ideas So You Can Invest? 

If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.


If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. 


If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.


If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews with top money mangers in Canada using a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!

New Book and Recommended Reading

This is the second edition of Robin Speziale's book 'Capital Compounders'. I have just received a review e-book version that I am currently reading and will have a review posted here and on Amazon in the coming weeks.

Robin invests in growth stocks and is the best selling author of 'Market Masters'

Robin has been saving, investing, and building his portfolio since the age of 18. Now, 10 years later, at the age of 28, he’s amassed a $225,000 stock portfolio. He lives in Toronto.


Besides following his blog he has a Capital Compounders Facebook Page well worth joining for learning where to better invest your capital.

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