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AllistonGT
Well-known member
We are up about 21% as well. Over the last 12 months. This sounds great but the previous year was pathetic. Most people only say when they have a good year and don't mention the bad ones. There are always some bad ones.
That's why I post the annual update with 5 year returns. The last few years sucked but still doing OK.
Here is the link to the last update. Long term, I am in the ballpark of 15-20% for most of my accounts.
Yep 20% up from the bottom too.
Still down quite a bit from the top though.
At least dividends weren't cut, so income still the same. However, not adjusted for inflation.
Haven't done the math, don't want to do the math till we're in a better place...
I finally sold some aapl. I bought a bunch in 2008 and have held since. Roughly 65x over that period (cap gain, ignoring dividends as I had them coming out as aapl was already overweight). I don't love that Buffett is selling off so much and he is smarter than me. I'll still hold some but I was way overweight on aapl and I am substantially reducing my holdings. As I'm not buffett, I don't want to hold a bunch of cash so the money went into VT to give me worldwide exposure in case US takes a dump.
Mad Mike
Well-known member
I'm in the midst of a change too. I've used TD Wealth exclusively for a while. Returns have been good, but not as good as behind my company-managed RRSP returns managed by Canada Life. I'm moving 50% to Fisher, and leaving 50% at TD -- they both know the other has 1/2, so I'm hoping a little healthy competition might liven things up.
Back in 2018, the Edward Jones guy told me I wasn't rich enough to have a managed portfolio -- he suggested I call him back when I had another $100K. He calls regularly, I give him and update and suggest he drop in to see me -- I'll never do business with him.
"Thank you 'Mr Edward Jones' for finding the time to contact a plebe like me, i wouldn't want to waste your time with my meager earnings, good bye"
An acquaintance sold a business a few decades ago. He gave 33% to a fancy money guy (think hedge-fund), 33% to a normal investment advisor and he kept 33%. At the end of a year he looked at the pots to see how they did. Fancy guy technically had highest return but also the highest fees by a mile so net return was the lowest. Next highest was self-managed with obviously really low fees. He brought all the money back under his control and has comfortably lived off the returns since.
Edward Jones sucks imo. They offered to set my brother up with an office and receptionist. My brother knew nothing about investing but he was pretty good at sales. F that nonsense. As for EJ guy wanting another 100K before he would touch it, that could be a month or 10 years. It's not smart to pick your clients based on arbitrary (and relatively insignificant) numbers. Pick clients that seem stable and not crazy and let the money ride.
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I am self managed for RRSP and TFSA. The wife uses an investment guy. I do look over her investments and I have taken a few queues from her holdings (areas I never even thought of)... Not stocks but funds, ETFs, etc. they are using that have consistent good returns. I usually won't use the exact same one (redundancy I guess) but another with slightly higher risk profile in the same area.
Stocks, still in GE, I have done very well but I regret selling off GEV (I got one GEV for every four GE) when they split it off, GEV eventually went through the roof, oh well. I buy Disney when it drops below $90 and then will sell in the $11X range, I might hold onto it this time to $120...
On the GE approach, I am watching Intel as they suck now but if I see some good moves turning it around... Boeing could be another one, won't touch it now
but I keep an eye on it.
Stocks, still in GE, I have done very well but I regret selling off GEV (I got one GEV for every four GE) when they split it off, GEV eventually went through the roof, oh well. I buy Disney when it drops below $90 and then will sell in the $11X range, I might hold onto it this time to $120...
On the GE approach, I am watching Intel as they suck now but if I see some good moves turning it around... Boeing could be another one, won't touch it now
but I keep an eye on it.
Boeing is a hard no for me. Pure gambling imo. They have proven to have a rotten culture and inability to deliver on time and on budget. There is always the possibility that Trump sends them a huge carrot to save the domestic aerospace industry. Imo, they are rotten enough that they should probably be allowed to die (like all of the victims they have killed due to recent epic failures).I am self managed for RRSP and TFSA. The wife uses an investment guy. I do look over her investments and I have taken a few queues from her holdings (areas I never even thought of)... Not stocks but funds, ETFs, etc. they are using that have consistent good returns. I usually won't use the exact same one (redundancy I guess) but another with slightly higher risk profile in the same area.
Stocks, still in GE, I have done very well but I regret selling off GEV (I got one GEV for every four GE) when they split it off, GEV eventually went through the roof, oh well. I buy Disney when it drops below $90 and then will sell in the $11X range, I might hold onto it this time to $120...
On the GE approach, I am watching Intel as they suck now but if I see some good moves turning it around... Boeing could be another one, won't touch it now
I would never buy Boeing now but much of that could be said about GE a few years ago (just with a much lower body count). Intel is likely better IMO.
*****
Another approach I have been doing is keeping an eye on the S&P and NASDAQ additions and deletions. Trying to guess additions before the are announced is too risky for me but most will see an uptick when announced and another as funds need to buy them after the date they are added. A 5% to 10% win for a month of holding is not too bad for me. Just need to be selective on which ones!
Mad Mike
Well-known member
I used to look after the whole shebang, now I use a firm for securities and I handle the real estate. I could probably do the same or better than the firm, but I learned that takes a lot of time. I also learned that firms will still make you money when the Bear shows up. At the end of the day I'm richer using a firm.I am self managed for RRSP and TFSA. The wife uses an investment guy. I do look over her investments and I have taken a few queues from her holdings (areas I never even thought of)... Not stocks but funds, ETFs, etc. they are using that have consistent good returns. I usually won't use the exact same one (redundancy I guess) but another with slightly higher risk profile in the same area.
Stocks, still in GE, I have done very well but I regret selling off GEV (I got one GEV for every four GE) when they split it off, GEV eventually went through the roof, oh well. I buy Disney when it drops below $90 and then will sell in the $11X range, I might hold onto it this time to $120...
On the GE approach, I am watching Intel as they suck now but if I see some good moves turning it around... Boeing could be another one, won't touch it now
Now, I need to learn that lesson with home improvements and auto repair.
I make maybe five trades a year. Some years zero. I like buffetts style. Either buy the index or buy good companies that you can understand. Once you have vetted the security, not much else is required other than an occasional peek to see if something has changed and/or rebalance. Very very little time required. I'm up 30% so far this year. I expect that may be it as normally there is an end of year pullback as people sell for tax purposes. I don't time markets so I don't sell and rebuy around that dip.
Professionally managed RRSP which hasn't done much, I don't touch it. Self-managed TFSA which I leave alone except for yearly contributions. Account outside RRSP and TFSA is self-managed and that's the one that is funding my early retirement so it's all dividend-payers. Highly speculative stuff doesn't interest me.
Canadian telecom has stunk this year. BCE in particular is sure to cut its dividend at some point. But, I'm riding it out. I am thinking that a dividend cut might causes the stock price to go up.
I've been an investor in MG (Magna) for a long time. But, they operate internationally, and I don't trust the orange bag of goo to not do something stupid. I'm getting out before January. At the moment I still own it but I've sold slightly-in-the-money call options against it, which means (if things stay as they are, I'll be out at December options expiration). Unfortunately, I did that THE DAY BEFORE they announced a share buyback. Oh well.
Staying in Canadian banks. I think the banks will make money no matter what international nonsense happens.
Canadian telecom has stunk this year. BCE in particular is sure to cut its dividend at some point. But, I'm riding it out. I am thinking that a dividend cut might causes the stock price to go up.
I've been an investor in MG (Magna) for a long time. But, they operate internationally, and I don't trust the orange bag of goo to not do something stupid. I'm getting out before January. At the moment I still own it but I've sold slightly-in-the-money call options against it, which means (if things stay as they are, I'll be out at December options expiration). Unfortunately, I did that THE DAY BEFORE they announced a share buyback. Oh well.
Staying in Canadian banks. I think the banks will make money no matter what international nonsense happens.
I still have AAPL and will likely keep holding it. BCE is definitely worth a watch and I will likely buy some at current prices.
I have a RRSP that is professionally managed and it doesn't do overly well.
I mostly self manage everything else. I say "mostly" as a good friend is a professional trader and has helped me get into trading and he's my advisor.
I have a RRSP that is professionally managed and it doesn't do overly well.
I mostly self manage everything else. I say "mostly" as a good friend is a professional trader and has helped me get into trading and he's my advisor.
Be very careful holding a stock that pays out more in dividends than they make in earnings. Even more so if it is by a large margin and it has been like that for a long time. The money to pay out those fat dividends comes from somewhere.... and it is not sustainable. Even more so if it is also in an industry/sector that needs constant investments to stay competitive product wise.
Just saying...
Just saying...
