Please, enjoy that last portfolio review like you're used to watch once in a while.
game is that, if you want to start an investment club, a hedge fund or
anything similar like a sect, you have to keep a certain mystery about
what you're doing. Otherwise, nobody has an interest to
join you because you give them everything they need. People want magic and mystery. Not honesty.
20 stocks in my portfolio is still my goal. So, when I buy a new stock,
I have to sell another one, which is sometimes heabreaking. But that's
how it goes. There's only place for 20 stocks in my heart. Heart is
obviously a synonym of portfolio.
I know the market can't continue to
go up forever like that. There's surely gonna be a crash sooner or
later. But so far so good. I'm still becoming richer and richer, month
after month. And, steadily, things improve. You reach a point when you
have a third of a million dollars and, with the historical performance
of the market, your portfolio may grow by 30 000 or 40 000$ every year
without any effort. That's almost enough to leave your job. That's
almost enough to say "fuck you" to everyone and everything if you want it. And that's
the most wonderful feeling in the world.
For now, it's only the beginning of such a feeling. But I can feel it coming. I can feel it coming in the air tonight Oh lord.
being said, there's been a little clean up in my portfolio lately. I've
sold a few stocks since september. Not because I didn't like them but
because I've found something better.
Here's my portfolio, on december 10th 2017:
Alimentation Couche-Tard: 7,2%
CGI Group: 6,6%
Constellation Software: 5,9%
MTY Food Group: 5,6%
Hardwoods Distribution: 3,4%
Knight Therapeutics: 2,6%
CCL Industries: 2,3%
Enghouse Systems: 2,1%
Ross Stores: 6,7%
Dollar Tree: 5,8%
Bank of the Ozarks: 5,7%
Novo Nordisk: 4,9%
Credit Acceptance Corp: 4,2%
Average ROE: 28
Average FWD PE: 18,6
Average Beta: 0,8