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Transitioning from Mutual Funds to Your Own Growing Portfolio
Like most people you probably have an existing portfolio made up of mutual/index funds, GICs, bonds, and/or term deposits. Long-time readers will know the benefits of investing in dividend stocks and creating your own stream of growing passive income. So, how do you go about transitioning from mutual funds to building your own portfolio?
The transition is going to take time, so don’t rush anything. It took me almost 3 years to completely get rid of my mutual funds and build a stock only portfol…
6 Steps to Safely Doubling Your Money
It’s possible to double your money by investing responsibly. Here’s how to do it in 6 steps.
Step 1: Dividends Are Key
Invest in companies that pay dividends. As a shareholder, you are part owner of the company, and as part owner you are entitled to share in the profits of the company. Dividends are part of the profits the company shares with you the shareholder. Here are some examples of companies and their annual dividends today:
- Coca-Cola, $1.56
- Colgate-Palmolive, $1.68
- Target, $2.48 …
3 Steps to Investing Successfully
Get Rid of the Noise
1. Stop listening to the financial media (TV, online, magazines). The financial media are made up of corporations. A corporation only has one purpose: to make money. The media makes money by selling advertising space. Their "articles" are not designed to help you, they are designed to increase ratings and readership so that they can charge more for advertising.
No One Cares More About Your Money
2. No one cares more about your money than you. Your financial advisor cares …
How Much Are Your Investments Costing You?
Do you own any Mutual Funds, ETFs, or Index Funds? If so, do you know how much you pay in fees each year?
What is the fee?
Each of the investment products I listed above have fees. The fund company has to employ fund managers and staff, has to pay for office space, marketing, and advertising. As a fund investor you have to pay for the cost of running the fund. This fee is called the Management Expense Ratio (MER), and is easy to find out how much you are paying.
Mutual Fund Fee Calculator
Foll…
Earning $417,792 from just one stock?
Wal-Mart shares multiply
Wal-Mart became a public company on October 1, 1970 and started issuing shares at $16.50 each. Since then the company has had eleven 2-for-1 stock splits. Basically this means that if you purchased 100 shares in 1970, today you w…
How do you build wealth?
You build wealth one stock at a time. In this case you grow your investment 373% with just one stock. Then you continue to hold the stock for its growing income.
Lowe’s was founded in 1964 and operates as a home improvement company in the United States, Canada, and Mexico. It operates 2,365 home improvement and hardware stores, and has 190,000 employees.
Dividends Continue to Grow
In December 2007, Lowe’s stock was trading at $22.62 per share and the dividend was $0.18/share. Since then the d…
How do you invest locally but still get exposure to international markets?
How Do You Invest When Companies Lie?
History is full of companies that have lied on their financial statements. As an investor how can you avoid investing your hard-earned money in companies that lie? The investing part is simple, and the answer comes from Lowell Miller. But first let’s take a quick history lesson:
Tyco Ltd: In 2005 its CEO Dennis Kozlowski and CFO Mark H. Swartz were found guilty of stealing $600 million from the company.
Enron: Once considered a blue-chip stock, in 2001 Enron shares dropped from $90 to $0.50. E…
