Skip to main content

Frank Parks’s holdings include many blue-chip companies that make products that should be around for a long time. If a company pays a dividend, that’s a plus because it is ‘an indication of steady earnings.’

Frank Parks

Occupation

Chartered accountant

Story continues below advertisement

Portfolio

Includes shares in Apple Inc., Walt Disney Co., Facebook Inc., Starbucks Corp., Toronto-Dominion Bank, BlackBerry Ltd. and Fitbit Inc.

The investor

At the bottom of the previous bear market – March 8, 2009, to be exact – Frank Parks got off a Carnival Cruise ship in Fort Lauderdale, Fla., and checked his portfolio in the computer section of the local Wal-Mart store. "It was at approximately $55,000 or almost half what it was worth before September, 2008."

How he invests

He didn't panic and flee the market at the nadir. "I believed that my underlying companies were strong," Mr. Parks recalls. "As long as I wasn't retiring, why sell? Like David Chilton tells us: 'Buy low, sell high.'"

Every year since then he has saved about a third of his take-home pay and added to his portfolio. "I knew that I needed to catch up so I sacrificed a few luxuries and invested as much as I could." Paying off the mortgage in 2005 also freed up income for investing.

Story continues below advertisement

Mr. Parks's holdings include many blue-chip companies that make products that should be around for a long time. If a company pays a dividend, that's a plus because it is "an indication of steady earnings."

His portfolio is currently worth $380,000. With ongoing contributions, it is expected to reach more than $600,000 when he "semi-retires at 60."

Best move

"I bought Apple, Disney and Facebook in 2013, when they were undervalued and the Canadian dollar was strong."

Worst move

"As a resident of the Waterloo region, I truly believe in BlackBerry … but, of course, they are showing a paper loss at this time."

Story continues below advertisement

Advice

"Buy shares in companies whose products you understand – like Disney and Starbucks and Apple."

Want to be in Me and My Money? Contact Larry MacDonald at mccolumn@yahoo.com.

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies