What Is It To Be A Canadian Dividend Investor?
I remember my first trades on the market back in 2003 when I was 22 and starting both my career in the financial industry and my investing journey. I was fortunate enough to avoid high fees from mutual funds and start directly with an online broker account.
The first thing I did after opening it was to buy shares of Power Corporation (POW) (OTCPK: PWCDF). My investment thesis? I worked for a business unit in partnership with many of POW companies. I thought it was smart. (You can see how I evolved into a more articulate investor since then! Haha!)
After pulling out a few stock filters out on the Canadian market, I realized how difficult it was to build a 100% Canadian portfolio. Banks, telecoms, energy and basic materials stocks were omnipresent among my holdings. While those were the good years to be in the market, I felt limited in my options.
As I experienced various strategies and read many books and articles, I've built a complete and meticulous investing process. While I prefer to invest a good part of my money in the U.S. market (for diversification and potential), I am now able to find some hidden gems in the Canadian market.
Today, I wanted to share my view on what it's like to be a Canadian investor. I'm sure you will recognize many of the goods sides and struggles we face. I'll also tell you how I managed them.
Limited Sector Allocation
First, investing in the Canadian market initially meant being stuck with 50% of the market cap concentrated into 2... Read more