I am often asked by friends, family, and associates if I've noticed the recent performance of stocks like Research in Motion (RIM), Potash Corp. (POT), and Encana (ECA). They would like to know if this is a good time to get involved with stocks like these because they have been rising nicely over the short term. Heck, Canada's benchmark index is at a record high, let's make some money.... I often explain to people who don't read my blog that I am about as exciting an investor as many successful New Jersey Devils teams. Remember when the NHL's New Jersey Devils used to excel every year playing hockey that could be compared to watching paint dry? Let's just say my investment style is tantamount to hockey's 'trap'. Dump it in, don't send anyone in deep, and watch the dividends roll in from the neutral zone! Our goalkeeper is always our MVP.
If you are a long term investor who gets stars in your eyes when you look at charts for the above mentioned stocks, please do yourself a favour and read the latest post at the great blog, Dividend Money, Are dividend investors idiots? This post references the Globe and Mail Article - I may be an idiot, but I'm sticking to my plan, which is along similar lines. Unfortunately I'm a Leafs fan....
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