Hello my precious readers!
Has it been what? 2 months since my last portfolio update?
I have been crazy busy but things are almost manageable on my end. 🙂
Let’s see what’s happening in the market.
US dollar reverted back. Gold gained. TSX shed about 2% and Nasdaq shed 2.5% after reaching all time high.
So what happened?
Trump’s hype is fading slowly?
The markets have gained so much since Trump got elected because of all the pro-business promises by Trump such as cutting taxes, reducing regulation, boosting business activities and spending etc…
The markets bought into the promises but all of sudden Trump’s billionaire style of ‘I can do anything because I got power and money’ bully starts to be noticed. The most recognizable one is intimidating and firing FBI director. The markets noticed big time and may be realizing that Trump is bad for the markets.
Well the markets were overdue for a pullback and for most of working people like us who will keep having money to invest from our day work, pullback is a great thing.
I love pullback and when I saw one of my admirers from my watch list shed like 4% because of Trump but no one else, I pulled the trigger. An old fashion pullback trigger on a super high quality company! I just love times like this.
I should keep reminding you guys. Do you remember Brexit? It seems like no one cares about Brexit anymore. It is already forgotten a long time ago. But at the time of Brexit, the markets thought the World was going to end and the planet earth was going to get hit by cyclone followed by earthquake, tsunami and drought.
Why? Because of the eventless event Brexit that no one cares about.
and that’s exactly when I squeezed every dollar I had at the time and added more on Linamar and an developed country ETF, XEF.
Both of them are up quite a bit. $6,000 gain or 35% gain within last 11 months. I am praying for very long sustained Brexit. I want market crash by 30%. 2008-2009 was the best time to invest. I wish I was an active investor at the time.
Enough of that.
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 9.2%
CGI group 7.8%
Lassonde industries 7.5%
Constellation Software 4.7%
Dollar Tree 4.5%
Exco Technologies 4.1%
Top 10 holding including cash represents 65% of our total portfolio.
Linamar has been doing well (It had 23 consecutive quarter of double digit operating earnings growth) 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 10 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!
You may have noticed that Corus Entertainment has disappeared from March 2017 portfolio update.
Yes you got it right. We sold out the position. It may go up further but we wanted to crystallize the gain we had on it. The industry is already disrupted and I can only see a downhill for them from a long term perspective.
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 us, hypothetically speaking, you would have had $127,344 now whereas the Markets would have taken $200 from you 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 would have fed themselves as well. Ever wondered why Canada big 5 banks make so much money? Because some people have been contributing it (hint- not me.. 🙂 )
I am beating the markets by 0.33% in 2017 but we still have another 7 months to go so let’s see who will win this year.
So far BSR :TSX = 4:0 including 2017.
Bring it on!
Did you enjoy my post? Here are my most popular posts.
I recently put Warren Buffett’s top 50 quotes together. Check it out.’
Don’t forget about his stock picking tips!
Have you heard about Peter Lynch, a Wall street legend? Check out Peter Lynch’s top 13 best stock picking tips as well. You won’t regret it.
I also shared why cash flow is so important when you buying any stocks
Also importance of not waiting too long when you find great companies
Importance of insider ownership- especially founders
Many people like this post as well.
I recently restructured my portfolio and changed investing style
The result of restructuring
This was interesting
Classic Kevin o’leary post was quite popular.