So, ever since the results of the US Presidential election, the markets have been on fire. If you look at the Dow Jones, it’s up 2291.31 points or 12.5%!! (Non-alternative fact as of Feb 20th) And if you’ve read Wall Street Kitchen or read my other posts, you’ll know that I believe there is no bad time to start investing in the market. You might be still hesitant since you’ve heard the saying “Buy Low, Sell High” and boy, we are at a high. However, as I’ve said before, it’s not about timing the market but rather time in the market. That all said, I’d like to share with you a stock of a company that I’ve always liked and is only to get better. That stock is…..
M F C
Manulife Financial Corporation (MFC:TSE, NYSE) is a life insurance company and has a global reach focusing mainly in Canada, US and Asia. Since the US Presidential election it’s up 28.08% ! Previously, I told you to stay tuned for how Mom and I would help you out. Well, let me share with you part of how I choose which stock I invest in from Mom’s advice.
Firstly, I choose stocks that pay out dividends (and I’m sure you all know what dividends are because you’ve read all my posts!). Not only do they pay them out but they pay them reliably. This is important as we want to invest into companies and hold them long-term. MFC is a perfect example of a company that pays out dividends regularly. Don’t believe me? Check out their chart (use any site you want) and choose “ALL”, “Since Inception” or drag that time slider to the beginning. What do you see? I see a lot of dividend payouts on a regular schedule without fail. For me, first criteria, big checkmark!
Another criteria I use is what is the history of the company? Specifically, is this company over 10 years old? Well MFC fits the bill once again. It was founded in 1887 and been publicly traded for over 10 years. What does that mean…well, that it’s a company that has survived and thrived to become Canada’s largest insurance company. So that’s another big checkmark for me!
There are 2 other quantitative criteria I use to help me choose which company to invest in. They are….just kidding! You’ll have to check out Wall Street Kitchen to get the full recipe on how Mom and I invest. What I can promise you is that I will share in an upcoming post, what questions I ask myself before pressing that Place Order button.
Don’t believe FAKE NEWS media, believe in Mom!
(Fine print: I’m not a financial advisor and I’m not telling you buy this stock. I’m just saying that I’ve bought this stock using what I’ve learned from Mom. Do your homework before you buy.)