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How to become an idiot millionaire

One of Canada’s youngest retirees offers advice on choosing the right equities for your portfolio. Derek Foster, author of The Idiot Millionaire: YOU Can Become Wealthy! tells BNN 95 percent of stocks should be avoided, and investors should instead focus on tried and true equities that pay dividends year after year.

“I don’t agree that buy and hold is dead,” he says. “If you focus on quality dividends, that bails you out.”

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