Optimism #80 - December 30, 2024
Dear clients and friends,
It’s been a terrific year for investing. Next year likely will not be as good. Be patient. Stay invested. Dividends will continue to be paid and many will increase. Bonds will pay their interest. Prices will fluctuate and that is okay. We own high quality companies, many of which will exist long after I become worm food.
Insiders are continuing to buy, and I remind you there is only one reason people buy stocks. Some notables are:
Emera (Nova Scotia Power), CN Rail, George Weston, Smart Centres REIT, Paramount Resources, Sprott, and Imperial Oil.
For our hard work, we get a pay increase. All banks except BNS raised quarterly dividends.
An index of Rolex watches peaked in March of 2022 and is down 31%. (it’s amazing what’s available on the internet)
Rolex Market Index | WatchCharts
Here is a link to a wonderful interview with Daniel Peris, a superb author and investor in the dividend growth space.
He’s American, but the principles are the same.
It’s about 30 minutes and well worth watching. Thank you TC for the idea.
Once 2025 arrives, please make sure the following (that apply) are completed:
- TFSA contributions ($7,000 for 2025)
- RESPs: $2,500 per kid up to the year they turn 17
- FHSA (First home savings) $8,000 per year for five years
- Final RRSP contributions – see your Notice of Assessments
- Spousal Loans – Payments are due before January 30th
- If you drew money from the loaned money account in 2024, your interest will have to be recalculated.
- It was a leap-year, so we must use 366 days for the calculation
Happy new year.
