This article recounts the investment journey of an individual starting in the 1980s. It highlights key lessons learned, including weathering market crashes, diversifying portfolios, and the advantages of focusing on dividend stocks.
My first stock was actually a technology mutual fund that I bought from Altamira Investment Services Inc. in the early 1980s, when I was in university in my early 20s. . I held on to that fund for several years, including when thebubble burst in 2000 and the value of it dropped significantly. I was shell-shocked, like many other investors, but I stayed invested. Then, as I started earning money in my career as an engineer, I started diversifying my portfolio by purchasing more mutual funds .
I was wary, given we had just gone through the global financial crisis, but she said that Canadian banks were much more stable than in the U.S. I decided to buy Bank of Nova Scotia because that’s where I held my mortgage. I bought that stock for about $29 in January, 2010. I’ve owned it and have been collecting dividends ever since. It’s now trading at about $77.I learned to buy solid dividend stocks and be patient.
INVESTING STOCK MARKET DIVIDEND STOCKS MUTUAL FUNDS PORTFOLIO MANAGEMENT
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