She targets dividend-paying blue chips

Marie Engen began investing in the 1970s, buying Canada Savings Bonds when their interest rates were well above 10 per cent. In 1978, she became a mutual fund representative at a bank and switched to a portfolio of mutual funds. In the mid-1990s, she started buying dividend stocks, which now make up the “backbone” of her investment portfolio.

“My core portfolio consists mainly of dividend-paying blue chip stocks that I am holding for the long term,” Ms. Engen says. “I like familiar Canadian companies whose activities are easy to understand. Dividend growth is more important to me than price fluctuations, although I make additional purchases when the price is right.”

Source: Globe and Mail

Related Articles:

• Fishing in the Bathtub
• High-Quality Low-Risk Dividend Stocks
• The 2010 Dividend Aristocrats
• What Would Warren Buffett Do?
• Ten Dividend Stocks With 50+ Years of Consecutive Increases