I am back! Things had been really hectic lately but I am glad that things are moving along on my end.
What has happened lately in the market?
Snapchat’s crazy IPO- valuing the app at $34 billion as of now
Trump’s impact on the market- US Market has been up by 16% since then!
US Fed Chair Janet Yellen signals interest rate hike in the end of March 2017.
Yup. Be prepared for it.
So what am I up to when all these crazy things happening?
Nothing much…… or right, we watched a documentary called “Becoming Warren Buffett by HBO”
The documentary was quite fun although I knew quite a lot about him already so we watched it very casually. Like watching news after dinner. I would give 7/10. The could have been a lot more fun if it showed his struggle, crazy side, greed whatever makes me more entertained but instead it showed just a casual side of him.
Funniest part was when Buffett picks up breakfast sandwich from Mcdonald’s.
“When I’m not feeling quite so prosperous, I might go with the $2.61,” he explains. “That’s two sausage patties and then I put them together and then pour myself a Coke. $3.17 is a bacon, egg, and cheese biscuit. But the market’s down this morning, so I think I’ll pass up the $3.17 and go with the $2.95.”
What a sexy man you are. For me you are 10 times sexier than the founders of Snapchat, Evan and Bobby.
Enough of sexy stars of investing world. Let’s talk about us.
Some of you may have been wondering why we have not been put out net worth for a while. You know, we have been updating it every month ever since we started this blog?
We decided to temporarily stop showing our net worth until further notice. It is not that it is not growing. (It is still growing) but my wife was not too comfortable sharing that sensitive info in this scary internet world. As I always strive to be a good husband, I listened. Well I was kinda half threatened by her.. 🙂 However I am happy to update you what we have and how our portfolio is doing periodically.
Here is our top 10 holdings
Stella Jones 9.7%
CGI group 8.1%
Lassonde industries 7.2%
Dollar Tree 4.5%
Black diamond 4.1%
Top 10 holding including cash represents 67% of our total portfolio.
Linamar has been doing well and it has gone up quite a bit but I feel they are still undervalued. I will watch it closely since it is a cyclical company. Did you notice how many Quebec companies are in our top 5 holding? 4 of them. I gotta thank Quebecors for building solid businesses. Love you guys although I know 0 person from there. Keep it up!
I have some cash around looking for an opportunity. If nothing pops up, then I will probably wanna buy more on Lassonde industries. I can’t get enough of it. I wish it drops like 50% on one day so that I can sell almost everything in my portfolio and fill my portfolio with the company.
Let’s take a look at how we are doing so far this year?
If you invested $100,000 on September 8, 2014 with BeSmartRich, hypothetically speaking, you would have had $126,606 now whereas the market would have given you $475 during last 2.5 years. If you invested one of those mutual funds, then you would have considerably less because those greedy bastards mutual fund managers will have to feed themselves as well. Ever wondered why Canada big 5 banks make so much money? Because some of us have been contributing it (hint- not me..)
The markets is beating me by 0.93% in 2017 but we still have another 10 months to go so I am not worried.
So far BSR :TSX = 3:0 excluding 2017. Not too bad for this random Korean immigrant couple.
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