One of my problems is my complete lack of patience in most things in life (just ask my kids), so there are very few occasions where I think I can say I have been patient. Sometimes I go in the opposite direction and am too patient (as I was in the High Tech implosion), but from what I can tell as long as you are not investing in really risky stocks, patience is a virtue in investing.
As the article in the Globe points out I am fairly heavily into banks, and the past couple of weeks has not been a great time for me to watch the pounding most financial stocks have taken, however, I am proud to say I have stayed the course on that investment strategy. I own these stocks for their Dividend value and for the DRIP capabilities they have. Hopefully the entire Global Monetary system is not imploding (if it is, then there is some serious problems ahead for all of us), and simply holding these stocks and slowly growing my holdings will turn out to be a good investment plan.
Are there other investment concepts I have? Not really, I am fairly conservative right now, I hold a fair amount of short term money (i.e. money I am going to need in the next 1-3 years) in Bonds, because I can’t afford to have that money shrink on me (i.e. RESP money and the like).
I also participate in my company’s matching DPSP plan and am in a small way part of the company stock purchase plan (but only in a very small way, because I think as the Canadian Capitalist has pointed out, I am already heavily invested in my company’s future).
What are Your Investment Plans?
I know some of my readers have some very solid investing plans, so please feel free to post comments about what you are doing in the area of investments and planning for your future. If you have articles that you have posted or you particularly like, please send them to me, or put them in your comments.
Construction Update
The update I did this weekend seems to have worked out fine, however, the blog seemed to disappear on Saturday for a while, so hopefully this is all fixed and up and running this week.
