Last year my brother in-law was discussing this investment boo Ed "The Lazy Investor" by Derrick Foster.
I was really interested and I picked up a copy at the library soon thereafter. It's pretty much a passive investor's approach to investing in Canadian stocks that yield dividends.
The author explains how if we are paying monthly for services from providers, and we know that many many other Canadian consumers are as well, it's worth it to invest in the companies that provide these services and yield dividends for th investor. Examples might include cig address, alcohol, bake, soda, gas and electricity.
Foster also suggets participating in the DRIP option through purchasing shares to have dividends re invested into the stocks to avoid fees.
Now, I didn't jump and pour all my savings into any stocks, every investing book has a disclaimer to cover their butts for advise they give out- and for good reason.
Now about Rogers Communications, they are the main provider of cable services, a telephone service, wireless and Internet provider as well. I am a subscriber of the services and noticed a $5 increase on my bill this month, so I called them to investigate and I was advised that there was an increase put into effect this month for all of their customers. After adjusting my phone plan to avoid the $5 monthly increase (lol) I asked about the Investor relations Dept contact information and mentioned that a $5 monthly increase on the bills of 2 million customers must raise the value of the company, the agent responded "...it's more like 5 million."
When the call was over I found myself perhaps prematurely excited about the possibility of becoming a shareholder in such a strong company.
To my knkwlede they do not carry alot of debt and I am Canadian and the company is a Canadian stock issuing dividends to investors, so it would be taxed more favourably than a foreign investment.
I am ambivalent to put the money where my mouth is on taking the advise from a published author of an investment series. Apparently he lives locally and when I was discussing a topic from one of his books with a librarian at my local library, she advised me that Derrick Foster frequents my library and he hosts information sessions about investing. He also has the title of "Canada's youngest retiree."(this is obviously great for selling books; ) lol)
When I did a google search about him, I couldn't easily find anything credible relating to how Derrck Foster's methods being effective and successful. Also, I came across a rumor about him beig bankrupt and living out of a trailer.
So getting back to my earlier question, would this strategy of investing in diividend yielding stocks of companies I buy services from such as Rogers?



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