Thursday, February 24, 2022

My Portfolio

I own some 51 different stocks. My main account (my Trading Account) holds some 35 stocks. It is set up to provide income for me. My fooling around money is in my TFSA account with 13 stocks only of which 2 overlap with my Trading Account. I have an RSP account which overlap a lot with my trading account. However, there are different ones in my Locked-In RSP account because I invested in stock when I received large sums of money from Pension Plans when I left companies I worked for.

I do know there is a rule of thumb about only investing in 20 to 25 stocks. However, it is a rule of thumb only. I am investing for income in my Trading Account. I am going to have quite a different selection in my TFSA account because I am just fooling around with some small and/or interesting companies. It is important to know the reason for your investment in certain categories.

I currently do not own US or foreign stocks. I am been investing since the last 1970 and I have invested in a lot of different vehicles. In the past I own Mutual Funds (mortgage, US, Canadian, foreign, and bonds types), Bonds, US, and foreign stocks. Some of this stuff I did ok with and some not.

My results were quite a mixed bag. I got out of US and Foreign stocks because it was mostly overall that I was not making much in US and Foreign stocks. (Although I had two US stock that went bankrupt and I did not see that coming. A little disconcerting.) I did better in the foreign individual stocks I had than in the foreign stocks Mutual Funds.

My experience made me concentrate on Canadian stocks. I still do have foreign exposure as there are a number of Canadian companies that are large and do business outside of Canada. I found that I got the best advice from two sources. One was a website run by Mike Higgs. He had an early web site and was a blogger who specialized in Canadian Dividend Growth stocks. He is now decreased. The other great source of information for me was the Investment Report investment newsletter from MPL Communications. Their site is here.

I got out of Bonds in 2007. The last bond I had was a 30 year CIBC bond paying 10% interest. Bonds have not been paying much for quite some time now. I got into bonds when the interest rates were very high.

My concentration now is on Dividend Growth stocks for income, plus some fun with my TFSA. On my web site I show an index spreadsheet. It shows what I own and what I cover.

On my other blog I wrote yesterday about Choice Properties REIT (TSX-CHP.UN, OTC-PPRQF) ... learn more. Next, I will write about ARC Resources Ltd (TSX-ARX, OTC-AETUF) ... learn more on Friday, February 25, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

1 comment:

  1. I think investing in Canadian stocks is the way to go. I had been investing in stocks for almost 15 years now. I just hold a few investments in US dollars. I understand your fooling around stocks that you hold in your TFSA. I hold to many stock, and I sometimes only hold only one stock of each, that's my way of fooling around lol. I am now with National Bank, no commission fee so I am taking full advantage. Its always nice reading you, I am learning a tone.