In this episode, we answer a listener’s question about what to do when you get a hot stock tip. We discuss our approach when hearing about hot stock opportunities and the key financial metrics we use to decide whether a company is worth researching further.

Plus, we revisit the concept of "luck" in investing, explore how to position yourself for good fortune, and break down the importance of conviction and fishing where your fish are.

Lastly, we analyze S&P 500 sector performance in 2024, highlighting unexpected leaders like utilities and financials.

Tickers of Stocks & ETF discussed: SPY, XLU, XLC, XLK

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Hot Stock Tips & 2024’s Best Performing Sectors

The Canadian Investor