Learning to Become a Bored Investor

I’ll admit that I’m about to bare my investing soul about one of my last great remaining weaknesses as an investor:  impatience.  May you benefit from what I’m about to share.  I write this in the shadow of selling my position in Google (GOOGL, GOOG) a few weeks ago after 1 1/2 years of very little activity which, as I’ve mentioned in other posts, hardly qualifies as the minimum 3 to 5 years that a person should hold a stock for.  What happened?  It spiked over 25% within a week of me selling it.

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Being a Canadian Investor in the U.S. Market

The great turn-around in my stock portfolio began almost two years ago after I subscribed to an investing advice service that featured mostly American stocks.  Having experienced my losing ways in Canadian-only stocks, I figured with this fresh start that I would jump into owning stock in American companies, or at least stocks listed on the American exchanges even if some companies were Canadian-based.  Not that Canadian stocks were bad, but I was looking for a fresh start, so it was a psychological move more than anything.  Plus, I was excited about the opportunity to own some of my favorite American companies – some of the largest and most dynamic in the world – since I had also figured out how to do this using my online investing site.

With quality recommendations in hand, I eagerly started re-building my tattered, losing portfolio into the much stronger portfolio that it is currently.

Here are some things I’ve learned about being a Canadian investor in the U.S. market for the benefit of my fellow Canucks!

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Should You Really Invest in Stocks?

I have a friend who, a few years ago, asked me if he should “get into” stock investing.  At the time, I was still wallowing in my losing ways, “gambling” with stocks as I describe in some of my other posts.  My paraphrased reply was:  ‘No, I don’t think you should.  But if you think you really have to, just do the opposite of what I’ve done and you should do just fine!’

What you’ll also read in some of my other posts is how my once-sinking ship has made a drastic turn-around, thanks in large part to subscribing to (and following the advice of!) a couple of stock-investing-advice services with great track records.  And so now, if somebody was to ask me the same question, I would answer an emphatic “Yes!” because I’ve learned that the stock market is not the monster so many people make it out to be once they understand it.

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Some Crucial Lessons About Buy-and-Hold Investing

One mantra that everybody even remotely acquainted with investing has heard for many years now is “buy and hold”.  I first learned about it over 20 years ago, but I was too impatient to put into practice plus I didn’t have the right information.  Finally, after ‘seeing the light’ upon learning the right information, here are some things I’ve learned since putting it into practice.

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