Here’s how to find and track Canadian stocks using a Canadian Stock Investing Strategy. With this method you always have a list of stocks to buy when those stocks reach a price that offers high return potential. This is value investing approach, where we buy stocks at depressed prices with big upside potential and usually get a nice dividend yield to boot. This video is a general overview, so there is still lots more to reveal. Be sure to read the write-up below the video as well, as it explains a few more things.
This is not personal investment advice, just one of the methods I use to trade.
Go through the process discussed in the video once every couple of weeks (or once a month), screening for new stocks to add to your list, and analyzing stocks currently on your list. Only buy stocks below the “buy zone” price. Know the dividend yield and potential dividend yield of all stocks on your list, as well where you plan to exit each stock on your list. Put a stock of interest on your list even if it is a long way away from the entry price you want.
*Note: you put 1 share in the portfolio just so it tracks the stock, but it has nothing to with your actually position size on a trade. Investing position size will be discussed in a future video.
This video looks at how to screen for Canadian stocks which are trading at value prices and/or offering nice dividends with great long-term upside potential. Unfortunately I can’t go through the whole strategy in 30 mins, but this provides an overview of some things to look for and how to set up a list of potential investment stocks. This way you always have list of Canadian stocks to buy, if they reach the price you want to buy at (as determined by the strategy).
Watch for future Canadian Investment videos to find out more…such as how much capital (percentage of account) to allocate to each stock, how to precisely define entries, how to precisely define exits, and other factors to consider (since not all the stocks the screener produces are worth trading).
Cory Mitchell, CMT