Another quarter, another review. That's how it goes.
It's harder and harder to find something to write here. I feel like I'm 80 years old and I always repeat the same obvious things that nobody care about. I'd like to write about something else, but, let's face it, nothing happened in my life during the last year. I don't even know if I'll ever go out and have some fun. Maybe the best part of my life is over?
I'm currently planning a few trips during the summer. I'll go to a remote part of Quebec, I hope to be able to go to Ontario if borders reopen, I'll probably go to Saskatchewan and, if I get my two vaccine shots before summer is over, I'd like to go to Yukon. That would make 4 canadian trips this summer. Not very exotic but varied and probably a lot of experiences during these travels. By contrast, my life in my basement implies zero experiences.
It is time for the quarterly portfolio review.
Number of stocks: 20
Three biggest stakes: Google, Facebook, Constellation Software (30% of the portfolio)
Average ROE: 30
Average forward PE: 32
Average Beta: 1
Estimated annual EPS growth next 5 years: 19%
Penetrator Portfolio Performance YTD: 6%
S&P Performance YTD: 14%
It's almost certain that my portfolio will be beaten by the S&P this year. I don't plan on changing my strategy to help my portfolio. I just accept, halfway through the year, that an index fund would beat me for the whole year.
Yep, beaten by something without a brain.
Jason Donville beat you . His return YTD to April 30, 2021 is 6.06% Hahahahahahaha!
RépondreSupprimerTotal humiliation.
SupprimerJ'espère que tu vas faire un post sur le Yukon!
RépondreSupprimerBien sûr (si j’y vais).
SupprimerWhen was the last time SPY beat QQQ? Has to be over 10 years ago. Is this year going to be the year?
RépondreSupprimerI don’t even follow that kind of stats. But the best stocks are on the Nasdaq.
SupprimerI don’t even follow that kind of stats. But the best stocks are on the Nasdaq.
SupprimerI don’t even follow that kind of stats. But the best stocks are on the Nasdaq.
SupprimerI don’t even follow that kind of stats. But the best stocks are on the Nasdaq.
SupprimerHello everyone! Thank you, Penetrator, for sharing an update with us.
RépondreSupprimerHere is my portfolio as of 2021/06/03.
CASH (CAD$). . . . . . . 1.25%
TSE:EQB . . . . . . . . 11.97%
TSE:ATD.B . . . . . . . 11.15% (averaged up)
TSE:CSU . . . . . . . . 10.38% (averaged up)
TSE:DOL . . . . . . . . 9.17% (averaged up)
TSE:ENGH . . . . . . . . 8.12% (averaged up)
CVE:TOI . . . . . . . . 6.76% (spin-out + new)
CVE:CTZ . . . . . . . . 5.58%
TSE:BAM.A . . . . . . . 5.27% (averaged up)
TSE:ECN . . . . . . . . 4.97%
TSE:GIB.A . . . . . . . 4.34% (averaged up)
TSE:CCL.B . . . . . . . 4.29%
CVE:PVF.UN . . . . . . . 4.08%
TSE:CNR . . . . . . . . 3.62% (averaged up)
TSE:MTY . . . . . . . . 3.47% (sold some)
TSE:NFI . . . . . . . . 2.62%
TSE:BYD . . . . . . . . 1.31% (new)
TSE:CTS . . . . . . . . 0.76% (new)
TSE:DND . . . . . . . . 0.51% (new)
TSE:WPK . . . . . . . . 0.38% (sold some)
TTM AGGREGATE STATISTICS
PE 34.0 (EPS yield of 2.9%)
PB 2.6
ROE 7.74%
As mentioned before, I believe the portfolio ratios should be calculated as a single unified holding company (ie aggregate balance sheets and income statements into a unified portfolio values and then do the ratios). Otherwise, a simple average can be easily distorted (for e.g. DOL has almost no book value per share and would have on its own ROE of 465)
I have changed brokers and turned over most of my TFSA holdings (now just 7) in spring so I do not know my YTD performance. The porftolio is about 7% off its all time high sometime in February (despite of some small additional contributinos - I don't have any income right now). 7/20 companies representing about 22% of my portfolio had GAAP losses per share for TTM (often due to large intangible writedowns in 2020). Hopefully this will normalize in 2021. I did a little bit of cleaning up but in retrospect many of the changes were at least in the short term questionable decisions (selling cyclical/worse companies cheap and buying better companies more expensive, only for the trend to reverse in a month or two later). I am still planning to liquidate several of my holdings (lack of growth opportunities and/or confidence in management) but am waiting for better prices.
I hope you are all doing well and are staying healthy. Best of luck everyone!
I think that it is a really bad idea to hold on a not so good stock and hope for a better price!
SupprimerI agree with Pete. Well now when you have something better in mind.
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