Almost 75% of the year has passed. It's funny how time flies when you're always high on meth and heroin. Days are just like a dream. Well, not me, but almost everybody in Vancouver would tell you that.
So, after almost 9 months done in 2020, here's a portfolio review:
Number of stocks: 25
Average ROE: 42
Average Forward PE: 32
Average Beta: 1
Annual estimated growth for the next 5 years: 14%
Performance YTD: +11%
Performance of the TSX YTD: -4%
Performance of the S&P YTD: +4%
OK, my performance includes dividends while TSX and S&P performances don't include dividends (around 2% I guess?). Depending on how we see it, I'm beating the TSX by 13-15% and the S&P by 5-7%. Still good. Not spectacular, but my method worked so far this year. However I find it strange to see my average Beta so high lately. It should be much lower.
According to my portfolio, the price to pay to get an estimated growth of 14% per year for the next 5 years is about 32 times next year's earnings, which is a lot. But I think that's the right thing to do: pay for performance and have enough diversification to have some stocks that compensate for others in case estimates would not be OK.
The stock market is probably my best friend now. Not because I like it particularly, but because it's my main companion every day and one of the few that didn't get on my nerves over the last 12 years.
Not particularly thrilling to spend an evening with a closed market, though.
Actually I think life is a dream...literally but I won't get into that.
RépondreSupprimerMy portfolio is -1.45 percent so far this year.
I ignore beta and eschew most numbers but i do pay attention to them. I think the operating metrics of a company should put an investor in the ballpark, not in his seat.
I run a concentrated unbalanced portfolio where I concentrate on management teams and business models.
The great thing about the stock market is there are many different ways to approach it. I think its important to find the right approach that suits one's psychological makeup...
Thank you for sharing! I hope you had a relaxing trip in Western Canada and enjoyed your excursion to Costco.
RépondreSupprimerI am -8.68% total performance vs -1.05 for TSX for January to August 2020.
Portfolio future PE 20.95, TTM ROE 13.84, projected EPS growth next year 0.92% (including cash and as per Morningstar).
Portfolio holdings as of 2020-09-10:
TSE:EQB . . . . . . . 9.52%
TSE:HCG . . . . . . . 8.97%
CVE:CTZ . . . . . . . 8.13%
TSE:CSU . . . . . . . 7.65%
TSE:ENGH . . . . . . . 7.04%
TSE:DOL . . . . . . . 5.42%
CASH: CAD . . . . . . 5.18%
TSE:MTY . . . . . . . 4.59%
TSE:ATD.B . . . . . . 4.41%
TSE:CCL.b . . . . . . 4.37%
TSE:ECN . . . . . . . 4.30%
CVE:PVF.UN . . . . . . 4.20%
TSE:LAS.A . . . . . . 3.95%
TSE:GIB.A . . . . . . 3.94%
TSE:LNR . . . . . . . 3.23%
TSE:SJ . . . . . . . . 2.77%
TSE:CNR . . . . . . . 2.70%
TSE:NFI . . . . . . . 2.49%
TSE:WPK . . . . . . . 2.34%
TSE:BAM.A . . . . . . 1.28%
TSE:RCH . . . . . . . 1.20%
TSE:ALA . . . . . . . 0.64%
TSE:CMG . . . . . . . 0.54%
TSE:BHC . . . . . . . 0.49%
TSE:CEU . . . . . . . 0.24%
MUTF_CA:RBF1018 . . . 0.21%
TSE:BDI . . . . . . . 0.16%
TSE:BBU.UN . . . . . . 0.02%
TSE:CPH . . . . . . . 0.01%
Have a nice day everyone!
Have you considered buying American companies and only keep your very best canadian stocks?
SupprimerGood performance! I am + 15% YTD. 3 CDN holdings are ENB, CP, CNR. About 15 US holdings: MSFT, PYPL, INTU, V, DEO, NVO, EL, BDX, ADP, MKC, BF.B, SYK, PEP, JNJ, IDXX
RépondreSupprimerSo great!
SupprimerCongrats. I am guessing you like Terry Smith's letters?
SupprimerI am +4.6% for the year. Very close to the S&P performance, which makes sense since I have moved 80% of my portfolio into a diversified global ETF. The only individual stocks I hold right now are MA, V and BAM.
RépondreSupprimerhey friend, have you considered TSLA? There is a complete lack of understanding of what this company is doing by the mainstream analysts, even their battery day was a game changer, but the analysts didnt report on it, because they dont understand it. Their stock price may have their future position in the auto industry priced in, but they are already moving on from cars, to innovate in the trillion-dollar utility space.
RépondreSupprimer