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CFA Forecast Dinner: WOW!
GRIT
21 Jan
Hi Everyone 👋,
Welcome to the latest edition of your GRIT weekly newsletter. There are hundreds of new subscribers here; welcome to all of you! 🔥
Our weekly newsletter comprises the most important finance and business news of the week and focuses only on what you need to know to optimize your portfolio and continue building wealth.
Today, we’re highlighting the 47th Annual CFA Forecast Dinner, where our GRIT CEO, Genevieve Roch-Decter, was a panelist. It was truly a great event!
GRIT’s BIG News of the Week:
Genevieve’s Corner 👉 KEY TAKEAWAYS FROM THE CFA FORECAST DINNER
Matt’s Corner 👉 DIVIDEND INVESTING: A NEW GRIT VIP SECTION!
Comin’ Up 👉 EARNINGS AND ECONOMIC DATA
1. Genevieve’s Corner
AN INCREDIBLE EVENT!
Hi Everyone! 👋
I was honored to speak at this week's CFA Society Calgary 47th Annual Forecast dinner! 🙏
The event saw an impressive turnout, with +700 attendees in the audience.
The evening, masterfully hosted by the award-winning Dave Kelly and featuring Matthew Andrade, CFA, COO at Richmond Equity Management, kicked off with a comprehensive review of key 2023 events that are poised to shape the trajectory of 2024. 📈
The dynamic panel, comprised of myself, Martin Pelletier, CFA, and Frédéric P. Lebel, CFA engaged in a spirited discussion covering a broad spectrum of topics, from the S&P, US, China, Canadian, and European/global economies, to discussions on interest rates, inflation, central banks, commodities, tech stocks/MAG7, AI, crypto, climate change, ESG, EV, and even a touch of geopolitics!
A heartfelt thank you to Courtney T., Bart Goemans, Jeremy Gilman, Jessica Hulsman, CPA, CFA, and the entire CFA Society Calgary Society for orchestrating such an exceptional event! 🙌
Next week, stay tuned for my key takeaways from this event and the latest finance news of the week. Plus, check out all of the new articles added to GRIT VIP! 👇
Learning:
New Investors:
Dividends:
Guides:
Happy reading!
Genevieve Roch-Decter
2. Matt Allen’s Corner
DIVIDENDS: A GUIDE TO INVESTING WISELY
Hi Everyone! Today, I’m highlighting one of our newest sections in GRIT VIP, Dividends! Below, I share a snippet of our newest guide, the GRIT Master Guide to Dividend Investing. Let’s dive in!
What is a dividend?
In stock market investments, dividends play a crucial role, particularly for investors seeking a regular income stream. A dividend is a portion of a company's earnings distributed to its shareholders. It represents the company's way of sharing its financial success with those who have invested in its equity.
Dividends are usually expressed in a dollar amount per share, such as $0.50 per share, or as a yield percentage based on the stock's current market price.
For instance, a stock priced at $50 per share with a $2 annual dividend yields 4%. This yield fluctuates with the stock price, inversely reflecting the risk and reward of owning the stock.
💵 There are two key types of dividends: cash and stock. Cash dividends, the more common type, involve the direct payment of cash to shareholders, typically every quarter. On the other hand, stock dividends involve the distribution of additional shares of stock to shareholders, effectively diluting the share price but increasing the number of shares owned.
The decision to pay dividends, the amount, and the frequency are determined by the company's board of directors and are influenced by various factors, including profits, market conditions, and future investment plans. Not all companies pay dividends, particularly those in growth phases, and prefer to reinvest profits into the business.
For investors, dividends provide regular income and signal a company's financial health and stability, making them a key consideration in investment strategies.
Why do companies pay dividends? 📊
The decision by a company to pay dividends is a significant aspect of corporate finance, reflecting its financial health and strategic priorities. At its core, paying dividends allows companies to distribute a portion of their profits back to shareholders. This practice serves several key purposes:
Rewarding Shareholders: Dividends act as a reward to shareholders for their investment and trust in the company. By sharing profits, a company acknowledges the role of shareholders in its success and provides them with a tangible return on investment.
Signaling Financial Strength: Regular and consistent dividend payments are often perceived as signals of a company's strong financial position and profitability. They demonstrate confidence in the company's ability to consistently generate cash flow and profits.
Attracting and Retaining Investors: Dividends can make a stock more attractive to regular-income investors, such as retirees. They provide an income stream, which is particularly appealing in low-interest-rate environments.
Tax Advantages: In some jurisdictions, dividends may be taxed more favorably than other income forms. This can make dividend-paying stocks an attractive option for tax-sensitive investors.
Disciplining Corporate Management: Regular dividend payments can impose financial discipline on management. Knowing that a portion of profits will be distributed as dividends, management might be more cautious in undertaking risky projects and more focused on generating sustainable profits.
Want to keep reading? Upgrade to GRIT VIP now to access this full guide and dozens of others! 🚀
Have a great weekend,
Matt Allen
3. Comin’ Up
EARNINGS AND ECONOMIC DATA
💰 Earnings:
Monday: Logitech
Tuesday: Proctor & Gamble, Johnson & Johnson, Netflix
Wednesday: Tesla, AT&T
Thursday: Visa
Friday: American Express
📈 Major Economic Events:
Monday: N/A
Tuesday: N/A
Wednesday: U.S. Manufacturing
Thursday: Initial jobless claims
Friday: PCE
Given a 10% chance of a 100 times payoff, you should take that bet every time.
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