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about_us 2018/07/26 09:20 about_us 2018/12/03 06:57 current
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-The Connolly Report** (about dividend growth common stocks) has been published since 1981 by Thomas. P. Connolly, B.Com. ('64) toward the end of March, June, September and December. It's mostly on-line now inside this site...a blog some five pages a month plus data.+The Connolly Report** (about dividend growth common stocks) has been published since 1981 by Thomas. P. Connolly, B.Com ('64). The ideas about the strategy are on-line now inside dividendgrowth.ca  It is blog of a few pages a month plus links, special one page White Paper summaries now and then, and a lot of dividend growth data
 +This blog will continue well into 2019. Access is $50. Some ten years of blog, reports and dividend data are inside. You are paying for this and the strategy developed over thirty years of research and practice. The strategy of dividend growth investing could easily earn you a higher than market returns, in the area of 12% eventually, if properly executed. A lot depends upon the kind of person you are. A patient, disciplined person will succeed. If you seek promises of instant success, high yields and a list of stock recommendations, to put it bluntly, go somewhere else. We provide ideas and data: you decide. I follow the principles of the old masters: John M. Keynes, Ben Graham, Arnold Bernhard, Philip Fisher, Stephen Jarislowsky and Warren Buffett. Modern portfolio theory is rejected. We do not mention beta. Risk is not volatility and can't be diversified away. As intrinsic value grows, equities become less risky than bonds. In the main, dividend growth drives capital growth. ♣ Our most recent data sheet (Dec 1st 2018) has 35 dividend growth stocks with year-by-year dividend data for the last decade, plus price in 2008 and 2018 and CAGR of both dividends and price, much like Rob Carrick's column, as evidence that as the dividend grows, so does the price. This is the secret of what we do: it is a double double. Income goes up, capital grows too. $50 gets you access to my 38 years of research. **dividendgrowth.ca** will remain open for at least another year.
-We are open again for a few months for access for the rest of 2018 and into 2019. Most likely, after 38 years, the blog will end sometime in 2019. +To hook you up for access our daughter Denise needs:
- +
-To hook you up for access Denise needs: +
  * 1. A postal code for your initial password (caps and a space) and   * 1. A postal code for your initial password (caps and a space) and
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  * 2. An email address for automatic notification you when the access process is completed.   * 2. An email address for automatic notification you when the access process is completed.
-If by mail, please write "new" on the envelope so you get faster service. Renewals already have access. +If you are paying by cheque be sure to include your e-mail address so we can set up your access. Cheques payable to Denise Emanuel
- + * Folks who renewed or paid for 2018 are covered for 2019 also. 
-**Renewals** at $50 for 2018 can be handled either by:+   
 +New access and late 2018 renewals at $50 can be handled either by:
Denise Emanuel Denise Emanuel
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-Any current Connolly Report issue (a summary of blog from the previous two months) is available for a $10 bill (cheques are not legal tender) from our Louise Connolly, 607 - 185 Ontario St., Kingston ON **K7L 2Y7**. +Any current Connolly Report issue (a summary of blog from the previous three months) is available for a $10 bill (cheques are not legal tender) from our Louise Connolly, 607 - 185 Ontario St., Kingston ON **K7L 2Y7**. The last printed report will be December 2018
-Here is what you are paying $50 for. This was written just before Denise's 50th birthday in 2018. "Slowly But Surely ⇑ I see the wealth building when I update our decade-long earnings (and dividend) data. The earnings figure of ten years ago is dropped: the most recent year is added. Each average earnings figure changes, positively usually: up a dime or so. I notice, as I do it by hand. Then, one at a time, I change the ten-year earnings figure on our main list spreadsheet (soon to appear just above for subscribers). Up. Up a bit year after year . . . earnings and dividends. Growing capital. We are long term investors, slowly building wealth. Safely. The $13,300 invested for 300 in CNR in 2009 now provides a 7% yield as the dividend more than tripled from 51¢ to $1.65. Capital became 600 shares valued at $62,000. But you have to hand in there. Instead of Bend it like Beckham, it's Hold it like Buffett. I do NOT own bonds. ♣ While the market is still rather high, cull the couple in your portfolio that are not preforming like your best securities (C. Munger's idea). ♦ Which stocks do we select? The companies with at least a decade of steadily growing earnings and dividends. An initial yield of 4% or so, remember, plus dividend growth of 8% or so (the average of our lists) gives us 12% . . . eventually. As best you can, forget about fluctuating prices. Realize your income and capital are growing behind the scene.+White Page topics inside dividendgrowth.ca: 
 +  * Why dividend growth investors do not worry in a market sell-off 
 +  * To win we must disregard modern portfolio theory 
 +  * Why we do NOT want professional management of our money 
 +  * Why we achieve significantly better results than average 
 +  * Dividend growth investors think differently 
 +  * ETFs another view 
 +  * Yields speak as a valuation indicator 
 +  * Individual dividend growth portfolios outperform  
 +  * A dividend growth example/able from 1990 - BNS dividend, price, yield and p/e 
 +Many yield charts inside this site go back into the 1980s. Low yields signal expensiveness.  
 + 
 + ♣ While the market is still rather high, cull the couple in your portfolio that are not preforming like your best securities. ♦ Which stocks do we select? The companies with at least a decade of steadily growing earnings and dividends. An initial yield of 4% or so, remember, plus dividend growth of 8% or so (the average of our lists) gives us 12% . . . eventually. As best you can, forget about fluctuating prices. Realize your income and capital are growing behind the scene.
DIVIDEND GROWTH INVESTING: DIVIDEND GROWTH INVESTING:
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  * temperament to hold as the magic is fulfilled - expect a 12% return: initial yield plus dividend growth   * temperament to hold as the magic is fulfilled - expect a 12% return: initial yield plus dividend growth
 +  * You are not buying into modern portfolio theory. Unless you are very lucky, you cannot win by doing what other investors do. Dividend growth investors have to do things differently. 
 +__We do not want professional management of our money__. Why not?  
 +▪ Professionals are indoctrinated by modern portfolio theory  
 +2. ▪ Professionals are constrained by benchmarks: they cannot lag their peers. 
 +“ The measuring rod itself often causes trouble” Economist May 5 2018  
 +▪ Professionals are too active - “Trading is Hazardous to your Wealth” ▪ Professionals are short-term oriented. Value is in future cash flow. 
 +There’s client pressure – For instance, why don't I have more FAANGS in my portfolio?  
 +▪ Professionals have way too many securities in their portfolios. * ▪ Professionals buy at the wrong time (W. Buffett’s Forbes column, Aug 6 1979) 
 +The efficient market [hypothesis] isn't always...just usually. It's a big mistake. ▪ Professionals focus and measure too much on price. We want cash flow in retirement. ▪ Professionals lean toward equal weighting rather than owning more of the best firms. * 
 +Most professionals do not beat the market.
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