An Investment Thread

I have mostly been a contrarian investor. Strong, well managed companies in cyclical industries will prosper again when the cycle turns. I have 1/2 my investments with RBC Wealth Management and the other 1/2 I manage myself. Over the past 12 months my RBC accounts have decreased by about 5% (probably 70% Canadian investments and 30% US or other). The part I manage myself is up 11% in 2022. And that is in a market that is down overall. Its not penny stocks. Its large, well run companies that I bought when RBC advisors said they were not on their buy list. Like oil and gas and commodities early in 2020. The large investment firms have their "list" of recommendations from their research groups. And they are very slow to add names to their list when they are in a down cycle, and very slow to remove them at the peak. So if you follow their advice, you are late for the party whether the market is rising or falling.

Looking now at strong tech companies like Microsoft, nVidia, Qualcomm, maybe Apple if it comes down a bit more. Not social media - too frothy.
 
I was a financial advisor for many years and, unlike many advisors, I didn't recommend the high flyers and didn't often recommend individual stocks. That depended on the client and their tolerance for risk. I was a "generalist" and put most of my clients in mutual funds and most of that with American Funds. They're not the cheapest fund company but they offer a wide variety of funds so it's easy to diversify and stay with that one company. Clients were quite happy with the ongoing performance of their accounts.

Now, for myself, I have a mix of a few mutual funds, two high interest paying investments (VALE and QYLD) and the rest in individual stocks and ETF's. I did well on TSLA until it kept dropping. I stayed with it too long but got out when it was just under $200/share and now it's somewhere down around $100.

My best investments over the years have been CAT, SWAV, NEE, UNH, TXN, MSFT, HD, SPY, QCOM AND EMR. As you can see if you look up those stock symbols, I'm widely diversified, and I believe that is the big "secret" to investing over the long term. I don't go for the investments that are supposed to skyrocket, I'd rather have a portfolio of steady gainers and dividend paying investments.
 
For those of you experiencing losses in the market you are not comfortable with and want to do something about it, if you have a financial advisor talk to them about tax lost harvesting. You can do it on your own as well. There's also something called a back door Roth IRA.
 
I bought some LI back in September for USD26.72. Wanting to free up some cash, I figured I'd take a loss and write it off. So, missing the closing Thursday afternoon when it had flat-lined at $23.04, I put in an order to sell on opening Friday, when it opened at $21! No justice...
upload_2023-1-8_10-22-19.png
 
Yeah, AMD has done well for me. INTEL not so much, thus why I dumped it a couple of months ago. Owned it for a long time though.
 
BRK-B is my best one right now. Bought in at $178, currently at $316. Boeing isn't far behind. Bought in at $129, currently at $206.
 
You must log in or register to reply here.

Forum statistics

Threads
113,117
Messages
1,426,461
Members
61,033
Latest member
SeaMonster8
Back
Top