Once in a while, it's interesting to look back to old influences, just to look if we've followed the right track or not. Just like when we take a look at that ex girlfriend on Facebook and we see that she's now very fat and spends her summer weekends on camping grounds with her retard-looking boyfriend and their three ugly kids. And under her profile pictures, she writes song lyrics. Holy shit, how could you ever have been interested by that kind of girl?
It's about the same when I look at Rifco, Cipher Pharma, Concordia, PHM, Pulse Seismic and many others, I realize how wise it was to stay away from these stocks... or to have been only shortly invested with some of them. They're my reference when I now firmly say that a penny stock or a few-bucks stock is almost always a bad investment.
And let's take a look at the portfolio of the guy who made me know about all these stocks.
Because the performance of Donville Kent is out for 2019 and here's how it looks (I've used that website to get a benchmark):
Donville Kent: 4%
Donville Kent: -2%
Donville Kent: 11%
Donville Kent: -5%
Donville Kent: 19%
How would I qualify this performance?
Everything is relative. If you're a beginner and you make a lot of mistakes, that performance may look good. If you have a few year of experience and you know many things about investment, the most positive comment you could say would be "So-so".
But if you take account of the fact that Donville Kent employs professionals that have been active in finance for many years and run an office in expensive Toronto, I would say that this performance is disappointing. I consider myself as a medium-good investor, but not an outstanding one. Nonetheless, for the last 5 years, I've beaten Donville Kent by a wide margin. In 2015, my portfolio had the same performance as Donville Kent, but after that, I've beaten them, year after year.
When we compete against people that sit in front of their computers in their underwear (like I do currently), we must stay humble. But when we manage to beat people with suits and ties that work in an office that costs 50 000$ a month to rent, it's a very strange feeling.
A kind of unease.