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about_us 2018/09/06 05:57 about_us 2019/01/06 09:55 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). 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. 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...maybe longer. 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.+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.
To hook you up for access our daughter Denise needs: To hook you up for access our daughter Denise needs:
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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 you are paying by cheque be sure to include your e-mail address so we can set up your 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.   * Folks who renewed or paid for 2018 are covered for 2019 also.
   
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-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 most recent printed report is September 2018+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 was December 2018. Three back issues a $20 bill
-White Page topics:+White Page topics inside dividendgrowth.ca:
  * Why dividend growth investors do not worry in a market sell-off   * Why dividend growth investors do not worry in a market sell-off
  * To win we must disregard modern portfolio theory   * To win we must disregard modern portfolio theory
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  * Individual dividend growth portfolios outperform   * Individual dividend growth portfolios outperform
  * A dividend growth example/able from 1990 - BNS dividend, price, yield and p/e   * 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.
 +  * ♦ Both bonds and stocks are financial assets with future cash flows. Would you rather have a rising cash flow based on a fine company's growing earnings or a fixed income based on debt.
- ♣ 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.+ 
 + ♦ 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 current turmoil.
DIVIDEND GROWTH INVESTING: DIVIDEND GROWTH INVESTING:
  * first you have to know about it   * first you have to know about it
-  * then understand its ramifications - as dividend grows, so does capital +  * then understand its ramifications - as the dividend grows, so does your capital 
-  * you must believe it works - evidence is provided +  * you must believe it works - a lot of evidence is provided 
-  * 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 (future cash flow 
 + 
 +  * 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 to win. 
 +__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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