Go through the process discussed in the video once every couple weeks (or once a month), screening for new stocks to add to your list, and analyzing stocks currently on your list. Only buy stocks below the “buy zone” price. Know the dividend yield and potential dividend yield of all stocks on your list, as well where you plan to exit each stock on your list. Put a stock of interest on your list even if it is a long way away from the entry price you want.
*Note: you put 1 share in the portfolio just so it tracks the stock, but it has nothing to with your actually position size on a trade. Position size will be discussed in a future video.
This video looks at how to screen for Canadian stocks which are trading at value prices and/or offering a nice dividends with great long-term upside potential. Unfortunately I can’t go through the whole strategy in 30 mins, but this provides an overview of some things to look for and how to set up a list of potential investments. This way you always have list of Canadian stocks you want to buy if they reach the price you want to buy at (as determined by the strategy).
Watch for future Canadian Investment videos to find out more…such as how much capital (percentage of account) to allocate to each stock, how to precisely define entries, how to precisely define exits, and other factors to consider (since not all the stocks the screener produces are worth trading).