Here we are, december 1st, 2020. Christmas songs all over on the radio. Like "Do They Know It's Christmas Time" and "Last Christmas" and "Happy Xmas". By the way, it's gonna be 40 years since John Lennon got shot in New-York. What were you doing at the time? Me, I was probably taking a shit in a diaper, being one year and a half at that time.
Before entering into the subject of the present post, I want to adress a specific topic which I'm thinking about when I read some of my ancient posts.
As you probably know, my first language is french. I don't use any english daily, because I live in the suburb of Quebec City which is a place where very few people live in English. So, the english I write is not that natural for me. I don't speak a superb english but I'm probably better in english than 99% of english canadians are in french.
That fucking english language is surely easier than french, but Guillaume de Normandie hasn't done a perfect assimilation in 1066 when he invaded England. So, while many of your words come from french, you have strange habits like putting capital letters in song titles like "Do They Know It's Christmas Time". In french, we put capital letters only on few words like first and last name and country names. Also, we don't use the verb "have" for everything like you do. It looks like you're all a fucking bunch of illiterate because that verb can be used for everything. Like "I'll have breakfast", "Thank you for having us", "Have a nice weekend". What the fuck? How come don't you make it a little more complicated? And why does your age comes with the verb "be" and not the verb "have"? In french, you say "J'ai 41 ans", you don't say "Je suis 41". And why do you put adjectives or colors before the noun? Like "A green shirt" while in french we put the adjective or the color after the noun. Yes, we say "A shirt green" as stupid as it may look for you, badly assimilated culture. How do your fucking brain works? It amazes me because many of you seem intelligent while using such strange fucking sentence structure.
Anyway, here's my almost traditional quarterly portfolio review:
Number of stocks: 24
Average ROE of the portfolio: 42
Average forward PE of the portfolio: 30
Average Beta of the portfolio: 1
Performance YTD: 17% (including dividends)
Performance of the S&P-TSX YTD: 1% (excluding dividends)
Performance of the S&P YTD: 13% (excluding dividends)
I probably beat the S&P by 2% if we assume a 2% dividend for the market. It's not bad, but not a glorious victory. And I wonder how my very average beta coefficient has risen to 1. A lot of stocks I own have seen a strange increase of their Beta coefficient. You probably don't care about that.
A question for those investing only in canadian equities: Why the fuck are you investing only in Canada? Have you seen the performance of TSX vs the performance of the S&P on a long time frame?
You don't invest in the USA because you're afraid of the conversion rate? Yes? Then fuck you. Stick with your fucking oil company and their fucking dividends that are the only fucking thing on earth that gives you a boner.