Quote:
Originally Posted by flylock shox
There's a basis for the collapsing spec market at the moment, so I'm resisting the temptation to buy in or average down. The rule "don't throw good money after bad" is in play right now IMO.
I'll revisit the spec stocks again this summer when things hopefully settle down, but until then will be paying attention to more reliable stocks, including a number of stable high dividend payers.
Much more boring but - unless the spec market gets a bounce from the US stimulus package going through - I don't see much to cause it to spike again in the near term.
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I'm slowly building a passive income portfolio of CDN dividends stocks in a taxable account. So any recommendations from you or anybody else would be appreciated. Moneysense has their list:
https://www.moneysense.ca/save/inves...vidend-stocks/