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.