DividendGrowth.ca comments

comments:500_billion_annually

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:27+00:00

$500 billion annually Interest on the U.S. national debt is now (June 2008) $500 billion a year. It's no wonder the U.S. dollar is dropping and serious inflation is looming. Rising dividends help protect us from inflation.

comments:arnold_bernhard_ii

Anonymous (anonymous@undisclosed.example.com) — 2021-02-04T21:29:40+00:00

Our most recent comments are inside this site on monthly blog pages.

comments:athanassakos_dec09

Anonymous (anonymous@undisclosed.example.com) — 2009-02-26T14:44:54+00:00

Athanassakos Dec09 This column contains some interesting ideas on retirement investing by George Athanassakos, Professor of Finance at Western. He recommends “high quality stocks that pay large dividends”. What else. However, I'd be inclined to cross out the last two words of this column in Globe Investor and substitute 'lower initial valuations'. I also take issue with his switch to more fixed…

comments:bank_dividends_doomed

Anonymous (anonymous@undisclosed.example.com) — 2009-02-18T14:16:04+00:00

Bank dividends doomed? 'Bank dividends doomed? Scoff at your peril' was the title of Derek DeCloet's column in the February 14th Report on Business. The column contains some good ideas and well worth reading. If I owned bank shares, I'd pay $5 for it when that time comes. Here is one idea I picked out: whether the bank dividends hold could depend upon the length of the recession. (The word depression was not used in the column. I might have used it.)

comments:bill_gross_june08

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:27+00:00

Bill Gross June08 “Investment success depends on an ability to anticipate the herd, ride with it for a substantial period of time, and then begin to reorient portfolios for a changing world. Today's world, including its inflation rate, is changing

comments:crash_and_recovery

Anonymous (anonymous@undisclosed.example.com) — 2009-03-30T12:19:32+00:00

crash and recovery <> “[W]e at at a moment in history ” I would definately make time to read this eight page article/speech by William Macdonald. It's something else again...very well done. “[T]he two model global economy of the last thirty years is dying and will soon be dead.

comments:divgro_aug2008

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:27+00:00

DivGro Aug2008 DIVIDEND GROWTH STOCKS: John Heinzl's August 20 2008 Number Cruncher column in the Report on Business outlined 16 common (always common, never preferred) stocks which are not included in the TSX 60 but which had great (as in double digit)dividend growth in the 2003-2008 period. The stocks were listed in order of dividend growth. Six of ours were included, of course. Wisely, the column always says

comments:dividend_stocks_do_better

Anonymous (anonymous@undisclosed.example.com) — 2009-05-21T13:14:33+00:00

Dividend stocks do better. If you invested $100 in 1972 in a typical stock which did NOT pay a dividend, how much would your $100 be worth in April 2009? a) $120 b) $129 c) $941 d)$2,246. How about $129. That's less than a one per cent gain per year. Why would one buy a non-dividend paying stocks? Folks who buy stocks which do not pay dividends hope for a gain. There is simply no other way to make a profit. Right? On the other hand, if you bought a 'typical' common stock which grew its dividen…

comments:dividends_return

Anonymous (anonymous@undisclosed.example.com) — 2009-06-05T12:11:54+00:00

Dividends Return The decade from 1998 to 2008 was dismal for most investors. It was not dismal for dividend growth devotees. It was a lost decade for people who invested in 1998 because is was the peak of the bull market for many stocks. If you buy when stocks are popular and prices are high, future returns will be poor. It's that simple. And poor returns they were. Ten years later, at the end of 2008, share prices the world over had plummeted. Return, note, is composed of two elements: capital…

comments:down_from_what

Anonymous (anonymous@undisclosed.example.com) — 2009-03-09T14:29:08+00:00

Down from what? On February 25 the Caisse de dépôt said it was down $39.8 billion in 2008. Down from what? In January 1929 Consolidated Edison was trading at $202 in New York. By August it was $450. I could not find the price on December 31 1929, but suppose Consolidated Edison was $200 at the end of the year, did the shareholder lose money? I should look up the price in July of 1932

comments:economist_dec_4_2008_mistaken_cautiousness

Anonymous (anonymous@undisclosed.example.com) — 2008-12-07T15:06:38+00:00

Economist Dec 4 2008 mistaken cautiousness “A decade of poor returns and the onset of recession are likely to make investors cautious. That would be understandable, but mistaken.” I look forward to reading this column on the Air France flight to Bordeaux the day after tomorrow. Title:

comments:fair_price

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:28+00:00

fair price “It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” Warren Buffett

comments:few_bargins

Anonymous (anonymous@undisclosed.example.com) — 2015-05-16T20:21:50+00:00

comments:financial_epochs

Anonymous (anonymous@undisclosed.example.com) — 2009-03-04T12:58:10+00:00

Financial Epochs “FINANCIAL EPOCHS come and go on little cat feet. Nobody issues a press release to herald their arrival. And no one rings a bell to toll their departure. One day people wake up to discover that the world has changed.” This is the way James Grant introduced the last chapter in his 2008 book

comments:funds_2.57_s_p_12.22

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:28+00:00

Funds 2.57% S&P 12.22% If you still need motivation to dump you funds, here's more data. According to Dalbar, Inc., a research and rating firm, the average equity mutual fund investor earned a paltry 2.57% annually over the last 19 years compared to the S&P 500 index earnings of 12.22% annually over the same 1984 to 2002 period. Source: Active Value Investing by Katsenelson p. 19

comments:home

Anonymous (anonymous@undisclosed.example.com) — 2009-02-26T11:38:31+00:00

'Bank dividends doomed? Scoff at your peril' was the title to Derek DeCloet's February 14 column on page 2 of the Report on Business. It's worth reading. Some good ideas. It's free for a week or so. “Big banks need to take a long look at unsustainable dividend payouts

comments:investors_odds_are_improving

Anonymous (anonymous@undisclosed.example.com) — 2009-03-16T21:45:11+00:00

Investors' odds are improving Again, from The Economist, another terrific Buttonwood column...very upbeat. Here is my favourite sentence: “...investors can get a dividend income from equities (even allowing for the likelihood of reduced payouts) that is a multiple of the returns available from cash deposits

comments:john_hussman_nov_2008

Anonymous (anonymous@undisclosed.example.com) — 2008-11-18T13:09:09+00:00

John Hussman Nov 2008 Some terrific ideas about bear markets.

comments:letter_to_shareholders_2009

Anonymous (anonymous@undisclosed.example.com) — 2009-03-05T00:51:37+00:00

Letter to Shareholders 2009 This year's letter (22 pages) from the chairman (Warren Buffett) is a better read than normal. Here are a few of my favourite sentences: * 4 “We're certain, for example, that the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond - but that conclusion does not tell us whether the stock market will rise or fall.

comments:margin_of_safety

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:28+00:00

Margin Of Safety I consider a good dividend yield and a solid dividend growth rate as a margin of safety. Conceptualize a lovely pot. As the pot fills with dividends and grows, the probability of an ultimate loss become less and less likely. You've got you money back

comments:market_value

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:28+00:00

comments:prem_watsa_april_2009

Anonymous (anonymous@undisclosed.example.com) — 2009-04-19T16:29:00+00:00

Prem Watsa April 2009 Derek DeCloet's column of April 16 2009 is worth reading carefully. He talked to Prem Watsa who “is upbeat because everyone else is not” More comment in my April report.

comments:reinvesting_when_terrified

Anonymous (anonymous@undisclosed.example.com) — 2009-04-15T18:04:50+00:00

Reinvesting When Terrified 'Reinvesting When Terrified' is the title of a column written by Jeremy Grantham in March 2009. This column is full of most interesting ideas and certainly worth finding...especially if you are thinking you'd like to buy a stock.

comments:ron_baron

Anonymous (anonymous@undisclosed.example.com) — 2009-05-19T16:55:40+00:00

Ron Baron “this is the most attractive time to be an investor in my lifetime” Ron Baron said in the Barron's interview, of May 4 2009. Ron Baron, who founded Baron Capital Group in 1982 oversees nearly $13 billion and has a valuation-conscious strategy. Baron also said, in Barron's,

comments:security_analysis_480

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:28+00:00

Security Analysis 480 “Since the market value in most cases has depended primarily upon the dividend rate, the latter could be held responsible for nearly all the gains realized by investors.” from Security Analysis, by Graham, Dodd amd Cottle 4th edition, 1962 p.480 Does this sentence say that as the dividend increases, the price does too?

comments:sept_13_2008_quality_investments

Anonymous (anonymous@undisclosed.example.com) — 2009-02-08T15:39:42+00:00

Quality Investments Sept 13 2008 “Quality investments get you through tough times” was the headline of Brian Milner's column of the front page of the Report on Business on Saturday September 13. Dividend growth investing was not specifically mentioned but we know it's the place to be, eh? I would not want to be in anything else. You? Well, maybe cash. We do not have to sell. We can wait. As dividend growth continues, albet at a lower rate; our income will increase, and eventually, we believe, …

comments:ten_year_dividend_growth

Anonymous (anonymous@undisclosed.example.com) — 2009-05-19T11:39:34+00:00

ten year dividend growth I've been working on ten year dividend growth data recently...from 1998 to 2008. This period is often called the lost decade because the return from the index is close to zero. (The reason is simple: in 1998 prices were high, in 2008 prices fell dramatically. LESSON: If you buy when prices are dear, you get poor future returns.) In contrast, we have had excellent dividend growth with our common stocks: 15 of our stocks had double digit dividend growth. I taught this ma…

comments:test_title

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:29+00:00

comments:the_etirement_rule_of_20

Anonymous (anonymous@undisclosed.example.com) — 2012-10-31T18:52:16+00:00

The retirement rule of 20 Rob Carrick's Personal Finance column in the Report on Business of Thursday June 4 2009 contained an interesting idea about how much money you need to fund retirement: for every dollar of income you need to live on, you should have $20 saved when your retire. There were a few flaws in the return assumptions used by Russell Investment Canada and in the split between bonds (65%) and stocks, in my view, but hey, we are after ideas. And, if you have not retired yet, the co…

comments:two_guesses

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:29+00:00

Two guesses According to a study reported in the Economist of June 28 2008, 'The crowd within' two guesses made by the same person at different times (three weeks apart) are better than one. I immediately applied this psychology to stock picking as the study averaged the two guesses and said the average was better than either guess on its own.

comments:wealth_mgmt_-_july_2008

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:29+00:00

Wealth Mgmt - July 2008 WEALTH MANAGEMENT: “Our traditional equity-centric business will remain an important component of our business mix, but we expect to see an increasing amount of our future growth come from the more predictable and recurring revenue model of wealth management.

comments:where_have_all_your_savings_gone

Anonymous (anonymous@undisclosed.example.com) — 2008-12-26T07:23:55+00:00

Where have all your savings gone? Where have all your savings gone was the lead editorial of The Econominist of December 6 2008, and the cover title. Click on this link to find the three page Briefing column on savings. This is a right some good read.

comments:who_holds_the_old_maid

Anonymous (anonymous@undisclosed.example.com) — 2008-10-16T16:46:29+00:00

Who holds the old maid? If you are thinking of buying a Canadian bank stock, read John Mauldin's August 29 2008 letter first: Who holds the old maid? You might not: the U.S. bank credit crunch is yet to come. Mauldin's 2004 Bull's Eye Investing is a terrific book.

comments:zach

Anonymous (anonymous@undisclosed.example.com) — 2015-05-16T20:23:11+00:00

May 26 2009 BNN Market Call