The trigger was Monday, April 15th, with the massive selloff of Gold Bullion. A troy ounce of gold closed on Monday at $1,361 USD, off -24% from its October 2012 highs. The TSX Composite Index was down -321 points (- 2.7%) for that day. Both Dividend Mantra and I took advantage of the panic selling that day, which pummelled the materials and gold sectors. He purchased shares in Australian mining giant BHP Billiton (good call Mantra). I purchased shares in the Canadian companies, Teck Resources and Barrick Gold (see link below), the latter being more of a risk play. Regardless, there are times when you make a decision – do you buy when everyone else is selling?
Check out these other great reads from around the web!
Dividend Investing for Beginners @ Dividend Mantra (A must read!)
An Investment in Exxon Mobil Stock @ Dividend Growth Investing
Dividend Stock Analysis: Canadian Utilities @ Passive Income Earner
Kinder Morgan Rewards… @ Dividend Growth Investor
High Yield Stocks Raising Dividends @ Dividend Ladder
5 Stocks Hitting New Highs @ Canadian MoneySaver
Recent Buy: Teck Resources and Barrick Gold @ Dividend Ninja
5 Dividend Stocks Trading at Appealing Valuations @ Dividend Monk
What Stocks Have Paid Dividends for Generations? @ My Own Advisor
Have a nice weekend everyone! 🙂
1 Comment
Thanks for the mention!