I am a cautious investor given that I am in the semi-retirement stage. While I would acknowledge that growth is important for a retiree or near-retiree, I want most of our equity positions to be in the quality or high-quality camp so that I can sleep easy at night. That’s why a portfolio that invests in wide moat stocks such as grocers, railways, and utilities - plus a couple of semi-wide moat stocks - are a great fit (and one that I have a lot of confidence in). This low-risk mix has off...| Million Dollar Journey
A blue chip stock refers to stocks of high value companies. Think companies that are household names, have a widely recognized brand and are so big that they are unlikely to fail. The top blue chip stocks in Canada include companies from a wide range of sectors; utilities, industrial, financial and consumer staples. These companies often have very little - if any - competition, which is a great thing if you are one of their investors. On top of having a large market capitalization, and the ...| Million Dollar Journey
The two best Canadian railway stocks are part of an exclusive club in Canada. According to Morningstar Canada, in 2023 there were only five Canadian wide moat stocks. The list is short: RBC, TD, Enbridge, and then our two Canadian railway dividend all-stars: Canadian Pacific Railway (CP) and Canadian National Railway (CNR). The Morningstar wide moat list heading into 2024 includes RBC, TD Bank, Waste Connections and Canadian National Railway. I would certainly suggest that when you look at ...| Million Dollar Journey
If you’ve been following MDJ for a while, you will come to learn that I’m a fan of two investing strategies, index investing and investing for income through Canada’s best dividend stocks. I like index investing (also known as passive investing) for its ease, low cost, and ability to beat most active mutual fund returns over the long term. I use this strategy for: my spousal RRSP; the international portion of my RRSP; and, the education fund (RESP) that I set up for my two kids. Divid...| Million Dollar Journey