Less than three months to go before the end of the year. So far, 2018 has been a good year for me. I've came to the realization that a steady portfolio with stocks that retain their value and don't follow a roller-coaster pattern appeals to me. I'll probably stick to that approach until I die.
I mainly sell or buy stocks given what they bring to my portfolio. Recently, I've added Lassonde (LAS-A.TO) because it's PE ratio is relatively low, it's beta is very low. However, growth is not that incredible for the moment and the ROE is a little low. But it has potential. And anyway, a lot of things reside in the percentage of your portfolio devoted to a specific stock. For instance, if you tell me that me 50% of your portfolio is invested in Lassonde, I'd think your a big drinker of juice.
But if you've put only 2% of your money in Lassonde, I'd say that you perhaps concentrate on higher ROE and growth stocks and leave a small percentage of your portfolio to solid stocks in which you have just a little less faith.
Up until now, my portfolio's perfomance has been 8% this year (12% before last week's correction). It's still great because the TSX/S&P did about -2% since the beginning of the year. So, I beat the market by 10%. I couldn't be ashamed by such a performance.
What about you?