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Episodes
Thursday Dec 21, 2023
Thursday Dec 21, 2023
On today’s podcast, we speak to portfolio manager Don Newman as he reviews 2023 and what opportunities lie ahead for dividend investors. Don manages two dividend-focused Funds, the Dividend Fund and Dividend Plus Fund. Don points out there’s been a change in his investment strategy because of the rate changes we experienced this year. He’s looking for businesses that can withstand increased rates. Zoning in on companies with less average, lower payout ratios. That means lower dividend yield, but can still grow under higher interest rates. He adds that industrials have been a solid sector as of late. For example, it looks like the inventory destocking cycle is coming to an end which means more shipping opportunities specifically through rail. REITS have had a difficult year, but Don says there are still opportunities in real estate with respect to AI. Data centers could increase in demand next year. Don is looking at firms with large cash flow that can use their unique data along with AI and produce a competitive advantage.
Recorded on November 28, 2023.
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