Steve Proceviat of the globeandmail interviews Canadian dividend guru Tom Connolly of The Connolly Report about his investments, best returns and dividends.
"It all started with a letter to the Financial Times (of Canada) in August, 1984 - that's what got me thinking about dividend growth investing. The guy who wrote the letter, his income, when he retired in 1966, was $4,800. And by the time he wrote the letter to the Times, in 1984, his income was up to $31,000.That piqued my interest, so I started investigating dividend growth stocks, and buying them.
With dividend growth investing, you have to convince yourself that it works. It's fairly easy to do. There's not too many companies to worry about. There might be 20 good dividend growth stocks in Canada - a small group of Canadian stocks that have really good dividend growth, good cash flow and products that you need. It's just a matter of picking a utility, or a bank, or a food retailer or a couple of industrials, perhaps. And building a portfolio that way."
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