I have a weakly held belief that the long-term for oil is up. The population of the Earth keeps growing, countries like China and India are emerging from poverty into a modern level of consumption, and the global need for energy will always go up, up, up. That does not automatically mean that the two…
I have this spooky feeling. Bank of Canada is going to raise interest rates 0.75% on Wednesday of this week – from 1.5% to 2.25%. That seems pretty certain. Canada needs to keep up with the Americans in this respect. The US CPI numbers will be released on Wednesday. We will have to see if…
When it comes to investments, the world is full of different asset classes. You have stocks, bonds, mutual funds, cash, bank certificates, real estate, commodities, cryptocurrency, art, and derivative investments just to name a few. When I first started this portfolio, I didn’t think much about that. I was mainly interested in dividend stocks. I…
I’m a bit impulsive sometimes. I am reading a book that talks about closed-end funds (CEFs) for income (“How to Retire on Dividends: Earns a Safe 8%, Leave Your Principal Intact“) and the idea makes sense to me. I started digging into the details even more, and I found a few that look appealing. What…
So I’ve been doing some research last night and today and came across this fund. One year down 28%. Pretty much straight down on a regular and consistent basis. Am I crazy enough to buy this? I just might be! I’ll tell you what this is in the next blog post.
I was recently reminded that BMO has these cool covered call ETFs on various sectors: ZWB – BMO Covered Call Canadian Banks ETF ZWU – BMO Covered Call Utilities ETF ZWC – BMO Canadian High Dividend Covered Call ETF ZWK – BMO Covered Call US Banks ETF ZWT – BMO Covered Call Technology ETF Previously,…
Recently, the Fed, economists, and business leaders have been looking at the chances of a recession in 2022 or 2023 as being higher than they were. Even the price of oil is falling on fears of a global slowdown. Also, it appears the effect of the Russian sanctions are largely being avoided when it comes…
Shopping can be a bit addictive. I decided to increase my position in Great-West Life (GWO) because the current price is where I originally bought it. I think this company has strong growth prospects in the future and pays a good dividend (6.3%). It compares favorably with Manulife, which I like and own a lot…
I mentioned in previous posts that I’ve purchased shares of Manulife. And added more. I currently have 2% of my investment capital in this company (since 75% is in cash, it’s a huge part of my stock portfolio). I’m considering buying even more as a good place to park money during this turbulent time. Let’s…
Since I only started this portfolio at the beginning of May and have been tip-toeing my way into the market a couple of percent at a time, I’m only down 4% on my portfolio. I consider myself lucky. Yet, that 4% still adds up to a lot of money on a dollar basis. Given a…
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