dimanche 7 octobre 2018

Portfolio review (october 2018)

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?

9 commentaires:

  1. I am at 8% year to date but was at 15% 2-3 weeks ago. An eanrning miss on a swollen stock stock that took to much place did some damage on my portfolio. Balance is important as a risk mitigation

  2. What US holdings do you have or recommend in a portfolio these days...

  3. I am up 7% YTD. Mostly all Canadian stocks.

  4. Minus 2.5 percent so far this year, but I'm confident in the long run I'll be fine...

  5. Was up 30%. Getting smacked hard recently but still up. Had a lot of winners this year in SQ, SHOP, NOVT, NVDA, GC, TEAM.. continue to hold. I like where these are going long term. It is a lot less stressful thinking long term as opposed to trying to figure out moves in the stock market today, tomorrow, next week, etc. Whenever I react I always think some bank is fucking me. I once sold 50% of my shares in CSU in a panic to watch it shortly rebound and vowed never to do it again.

  6. Ytd Was up 15, but now 9.6%...but now also 15,75% over 12 months...
    Looking for 4th quarter...Atd.a

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  8. When I did this review ~ July 1 and it was half way through the year, I was up an average of 11.6%
    Doing this exercise again puts me at -2%. that's a big swing for a period of a little more than three months. A lot has changed.
    I only hold one of the five stocks that I picked at the beginning of the year. My focus back at the beginning of the year was growth stocks. They have not done well lately and I do not believe they will do well in the months ahead. With rising interest rates and trade wars and debt crisis ahead of us, I think now is a good time to pay down debt, keep a healthy amount in cash and wait for a chance to buy the best companies at much lower prices.
    I do not mind telling you that I am actually SHORT companies like SNAP that burn hundreds of millions of dollars with no profit in sight and SHOP which goes for about 230 times next year earnings and almost 20 times sales. At this point in the cycle, I think these stocks will get massacred. And where's the floor when you lose $200 million per quarter or your stock is going for over 200 times next year earnings? Let's be careful. President Trump thought it was a good idea to do a MASSIVE STIMULUS at the top of the cycle. Interest rates cannot go up fast enough. All that tax cut money going into buybacks will distort earnings while America engages China in an all out trade war and the global economic growth shrinks. Things may get messy. This is a good time to be a bit cautious.

  9. MTY just released the Q3 earnings statement: EPS at 0.88, whixh blasted expectations and represents a 25 % growth compared to last year.