David Neice spent a long time reading financial news before eventually seeing patterns emerge.
David Neice, 79, Stratford, Ont.
What was your first stock?
I was 28 years old, living in Toronto and wanted to start investing. I met with a broker downtown and he went over a few options for me to consider. I chose Power Corp. POW-T . I didn’t know what the company did, but the name seemed impressive. I left feeling happy that I had completed a transaction.
Two years went by and I never made a dime on that stock, other than a small dividend. It was stuck in the same trading range. I sold it for roughly what I paid.
What did you learn from that experience?
I learned that you can’t understand the market without being actively engaged in it. It was after that transaction that I started to