Q: I’ve been reading much negative commentary on this site lately, mostly shots against 5i’s recommendations, and I feel compelled to add my own observations.
Having invested since the late 90s, and earning my sole living from it since 2008, I find the shots against 5i alarming, and their defence against them heartwarmingly reassuring.
I’m essentially a large-cap, dividend-growing financial & utilities/pipeline/reit/preferred oriented-type investor, including looking to the US for what the TSX does not have (in essence, I’m investing for income first and growth second, though growth is still important), who has subscribed to 5i since its inception.
The alarming part is that while I’ve bought into ‘some’ of 5i’s growthier stock picks, my conservative-oriented big cap stocks (both US & CAD) have fared just as badly in recent weeks. So much for my own - intensely researched - so-called safety stocks. The reassuring part is 5i’s comments back to everyone, which is basically summed up as: relax, move to the sidelines - by ‘doing nothing’: meaning: hold - watch the show, but don’t be a part of it.
I was fully invested in 08/09, and while I fortunately ‘did nothing’ at that juncture, I certainly could have used 5i’s wisdom and calmness at that critical time.
This too will pass. Some companies will not survive. Most will. Those that do, will typically prosper. Try not to make large bets. Spread it around. Don’t react. Invest for growing income. Accept some losses, and let them go.
I write this more to remind myself, but since I have greatly benefited from other 5i members who have voiced similar thoughts, I thought it important to include my own.
I trust and hope that Peter, Ryan and The Team will keep their skins proficiently thick, and carry us through a multitude of turbulent times long into the future.
Thank you for helping us keep our heads in these difficult times.
Warren
Having invested since the late 90s, and earning my sole living from it since 2008, I find the shots against 5i alarming, and their defence against them heartwarmingly reassuring.
I’m essentially a large-cap, dividend-growing financial & utilities/pipeline/reit/preferred oriented-type investor, including looking to the US for what the TSX does not have (in essence, I’m investing for income first and growth second, though growth is still important), who has subscribed to 5i since its inception.
The alarming part is that while I’ve bought into ‘some’ of 5i’s growthier stock picks, my conservative-oriented big cap stocks (both US & CAD) have fared just as badly in recent weeks. So much for my own - intensely researched - so-called safety stocks. The reassuring part is 5i’s comments back to everyone, which is basically summed up as: relax, move to the sidelines - by ‘doing nothing’: meaning: hold - watch the show, but don’t be a part of it.
I was fully invested in 08/09, and while I fortunately ‘did nothing’ at that juncture, I certainly could have used 5i’s wisdom and calmness at that critical time.
This too will pass. Some companies will not survive. Most will. Those that do, will typically prosper. Try not to make large bets. Spread it around. Don’t react. Invest for growing income. Accept some losses, and let them go.
I write this more to remind myself, but since I have greatly benefited from other 5i members who have voiced similar thoughts, I thought it important to include my own.
I trust and hope that Peter, Ryan and The Team will keep their skins proficiently thick, and carry us through a multitude of turbulent times long into the future.
Thank you for helping us keep our heads in these difficult times.
Warren
