Canadian Stocks $10 to $20

This is a continuation of last week’s picks taken from the XIC ETF, only this post focuses on stocks between $10 and $20.

Some of these pay dividends. I’m only making special note of the ones that pay monthly because personally, I’m very drawn to the concept of investment income coming in more frequently. Some of the others listed pay quarterly, and some none at all.

Remember to please always double check the facts for yourself and invest in accordance with your plan. Factor in the stock’s industry/sector, and consider whether you’re investing for income, capital gains, or both.


Top Picks Based on Chart Patterns 

  • ATA – ATS Automation Tooling Systems
  • GEI – Gibson Energy Inc.

Stocks with so-so looking charts but very attractive monthly dividends

  • SPB – Superior Plus (I own this stock. This one could take a LONG time to get beyond the $15 zone but it’ll be well worth it if you’re already in and it does.)
  • VSN – Veresen Inc.
  • RNW – Transalta Renewables Inc.
  • CHE.UN – Chemtrade Logistics Income Fund (This is an income fund.)

Stocks that I’d prefer to consolidate longer

I think these should consolidate for a bit longer, like another one to two months. I mention them now because I think it’s good practice to keep an eye on stocks should they set up later on. 

  • HSE Husky Energy Inc.
  • SES – Secure Energy Services
  • INE – Innergex Renewable Energy Inc.
  • CUF.UN – Cominar Real Estate Investment Trust (This is a REIT.)

 

Things to Ponder

I have missed out on stocks that made incredible moves despite the lack of a good setup and I still do. I also missed out because I just overestimated how much time a stock would take to come around. I’m okay with this now because part of my confidence as a stock investor with a 70% return on my portfolio comes from the following:

  • Looking for and waiting for good setups
  • Taking lesser risk on stocks with less-than-perfect setups by using fewer shares
  • Watching the sectors and the market
  • Having a plan for each stock (dividend income? swing trade for profits? retirement? portfolio diversification? hedge?)
  • Being okay with missing out and not getting into everything that looks good or works
  • Years of experience in the markets

I generally have a relaxed attitude towards my portfolio and how I select for it. If I start making compromised choices, I get stressed out and I either talk myself out of staying in a winner, or I get into something much too late because I spent too much time overanalyzing its potential.

You shouldn’t invest feeling fear, whether it’s the fear of starting out or the fear of missing out (FOMO). If you’re new to investing in stocks, just use less money. If you feeling a bit of FOMO, then you must realize that the stock market isn’t going anywhere and that there will always be another opportunity when you’re more ready.