<a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1719139/open_sms">Send us a text</a>Questions answered in this episode are? 1. What is the income tax benefit realized by investing in a Registered Retirement Savings Plan? 2. At what age can you no longer invest in an RRSP? 3. What other investment vehicle can you invest in as an alternative to an RRSP? 4. What research do you do  when one of your stocks loses several thousand dollars? 5.  What are the black and white rules of investing? 6. Why would you limit your portfolio to 20 stocks? 7. Can your total investment in 20 financially strong stocks disappear? For more information on investing, my investment books, Power Point presentations and stock scoring to to<a href='http://www.saferbetterdividendinvesting.com'> www.saferbetterdividendinvesting.com</a>. All his books are available at amazon.com. Contact Ian Duncan MacDonald at imacd@informus.ca or by telephone at 1-929-800-2397.Ian Duncan MacDonald Author and Commercial Risk Consultant, President of Informus Inc 2 Vista Humber Drive Toronto, Ontario Canada, M9P 3R7 Toronto Telephone - 416-245-4994 New York Telephone - 929-800-2397 imacd@informus.ca

Send us a text Questions answered in this episode are? 1. What is the income tax benefit realized by investing in a Registered Retirement Savings Plan? 2. At what age can you no longer invest in an RRSP? 3. What other investment vehicle can you invest in as an alternative to an RRSP? 4. What research do you do when one of your stocks loses several thousand dollars? 5. What are the black and white rules of investing? 6. Why would you limit your portfolio to 20 stocks? 7. Can your total investment in 20 financially strong stocks disappear? For more information on investing, my investment books, Power Point presentations and stock scoring to to www.saferbetterdividendinvesting.com. All his books are available at amazon.com. Contact Ian Duncan MacDonald at imacd@informus.ca or by telephone at 1-929-800-2397. Ian Duncan MacDonald Author and Commercial Risk Consultant, President of Informus Inc 2 Vista Humber Drive Toronto, Ontario Canada, M9P 3R7 Toronto Telephone - 416-245-4994 New York Telephone - 929-800-2397 imacd@informus.ca

<a href="https://www.buzzsprout.com/twilio/text_messages/1719139/open_sms" rel="noopener noreferrer">Send us a text</a>Questions answered in this episode are? 1. What is the income tax benefit realized by investing in a Registered Retirement Savings Plan? 2. At what age can you no longer invest in an RRSP? 3. What other investment vehicle can you invest in as an alternative to an RRSP? 4. What research do you do&nbsp; when one of your stocks loses several thousand dollars? 5.&nbsp; What are the black and white rules of investing? 6. Why would you limit your portfolio to 20 stocks? 7. Can your total investment in 20 financially strong stocks disappear? For more information on investing, my investment books, Power Point presentations and stock scoring to to<a href="http://www.saferbetterdividendinvesting.com" rel="noopener noreferrer"> www.saferbetterdividendinvesting.com</a>. All his books are available at amazon.com. Contact Ian Duncan MacDonald at imacd@informus.ca or by telephone at 1-929-800-2397.Ian Duncan MacDonald Author and Commercial Risk Consultant, President of Informus Inc 2 Vista Humber Drive Toronto, Ontario Canada, M9P 3R7 Toronto Telephone - 416-245-4994 New York Telephone - 929-800-2397 imacd@informus.ca

Podcast 31 - Second Half of Chapter 10- MONITORING - Income and Wealth From Self-Directed Investing

In 2000, I lost $300,000 in mutual funds that an investment advisor had put my lifesavings into.... I lost it because I had entrusted it to an industry that does not educate investors nor encourage them to look closely at what that industry is doing with their money..... I set out to find a better, safer way to invest..... My podcasts relate to what I learned in creating a generous, reliable income and in growing my wealth.... A few of the more important lessons I learned and explore are:.... (1) It is critical that you become a self-directed investor.....(2) If you can not easily measure the risk and potential in an investment, then do not invest in it. This excludes from your portfolio bundled investment devices, like mutual funds, ETFs and Index funds,..... (3) Financially strong companies who have paid “good dividends” for decades will continue to stay strong and continue to pay good dividends because it is both part of their "character" and in their executives selfish interest.....(4) Diversification is critical. Investing equally in the best 20 strong dividend stocks is the ideal.....A portfolio of 20 limits your risk in any one stock to 5% of your wealth..... No matter how strong you think a stock is, do not fall in love with it..... I have lived very well off my steady dividend income for 18 years, through two market crashes and one pandemic. I have watched my portfolio’s capital more than triple from where I started, despite taking out a generous dividend income every year to live on... In charts, for my second investment book,(Safer Better Dividend Investing), I spent months scoring all 628 dividend stocks paying dividends of 6% or greater traded on the TSX, NYSE and the NASDAQ. I discovered dozens of stocks that can provide not only a generous dividend income but outstanding capital growth.....Financial independence is realizable for careful, patient, dividend investors.

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In 2000, I lost $300,000 in mutual funds that an investment advisor had put my lifesavings into.... I lost it because I had entrusted it to an industry that does not educate investors nor encourage them to look closely at what that industry is doing with their money..... I set out to find a better, safer way to invest..... My podcasts relate to what I learned in creating a generous, reliable income and in growing my wealth.... A few of the more important lessons I learned and explore are:.... (1) It is critical that you become a self-directed investor.....(2) If you can not easily measure the risk and potential in an investment, then do not invest in it. This excludes from your portfolio bundled investment devices, like mutual funds, ETFs and Index funds,..... (3) Financially strong companies who have paid “good dividends” for decades will continue to stay strong and continue to pay good dividends because it is both part of their "character" and in their executives selfish interest.....(4) Diversification is critical. Investing equally in the best 20 strong dividend stocks is the ideal.....A portfolio of 20 limits your risk in any one stock to 5% of your wealth..... No matter how strong you think a stock is, do not fall in love with it..... I have lived very well off my steady dividend income for 18 years, through two market crashes and one pandemic. I have watched my portfolio’s capital more than triple from where I started, despite taking out a generous dividend income every year to live on... In charts, for my second investment book,(Safer Better Dividend Investing), I spent months scoring all 628 dividend stocks paying dividends of 6% or greater traded on the TSX, NYSE and the NASDAQ. I discovered dozens of stocks that can provide not only a generous dividend income but outstanding capital growth.....Financial independence is realizable for careful, patient, dividend investors.

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Podcast 31 - Second Half of Chapter 10- MONITORING - Income and Wealth From Self-Directed Investing

Podcast 31 - Second Half of Chapter 10- MONITORING - Income and Wealth From Self-Directed Investing

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