Like expected, Premium Brands Holdings Corporation (PBH) made some valuable gains, beefing up by 4.69%. Readers seem to have some problems to understand my special relationship with PBH. I had been invested in Premium Brands Holdings Corporation (PBH) since February 2010. It's not like I had invested $45 000 of my very own money in PBH 2 or 3 months ago. My PBH investment had grown over 400% since 2010. This baby has been in my portfolio for 7 years, and it's been exploding in the wood, making me a rich and very special investor. Is there any end to PBH grow? No end, but a slow down like the one experimented now is just really normal, just like its normal for the stock market to do down from time to time. A 16 000 points were too much of luck, I needed a little slowdown time to take my breath. And now the time has come to get rid of some stocks! And so did I.
Fact is, it's better to get rid of stocks who have chances to deal with trouble when you can sell at profit, rather than selling in a rush of pain AND losing money because of those hotties who don't behave and don't care much of my love.
Like it was planned yesterday, I sold out my Dollarama Inc. (DOL) shares. The money directly went on my margin. I am now using $94 422.78 out of my margin money. It's not going to be paid overnight, but I like to see that amount do down gradually. I also decided to sell off my Keg Royalties Income Fund (The) (KEG.UN) investment that I was holding until today inside my TFSA portfolio. Susan Brunner concerns regarding KEG.UN just got into me.
My non-registered portfolio closed today session at $178 886.06, my TFSA at $61 844.80 and my RRSP portfolio at $37 351.15. I estimate my net worth to be around $211 000, which is very fine. I own a big part of my richness to Premium Brands Holdings Corporation (PBH), but to many other stocks who are taking care of me like real soft lovers. I am a lady of many many stocks. And I love my stocks. Right now, the love is real for Savaria Corporation (SIS). SIS is doing very well. I own this jewel to Richard Dufour, a La Presse's journalist who wrote an article about SIS a little while back. I need to find new a new stock that is just like SIS, a leader in its niche that perform well, and that I can hold inside my non-registered without having to worry about anything. How comes a Quebec journalist could possibly know SIS? Its a mystery. However, Richard Dufour is like Jean-François Tardif, I have to admit that he knows his stuff.
SIS might be a Quebec company, but no matter what, SIS is my rock. Its my stock, its my love. PBH, SIS, and just so many others. I am such a so talented stock picker, it's amazing. And surprise surprise... I am about to have a new stock in my TFSA portfolio: Richelieu Hardware Ltd. (RCH).
If RCH is good enough for Susan Brunner, its good enough for me.
it's generally good advice to lower the weight of PBH, or any huge position, in your portfolio. If you indeed bought this long ago and it went up 400%, I would personally have sold half if the stocked doubled. yYu are then playing with the house's money and you can't lose, just profit less. But that "sell half" trick is essential for speculative stocks, which is probably not applicable to PBH. I think the risk here is a 20% drop in the market, but if you're up a lot more than that, it's fine. There is nothing to do. Except you could use the profit from a partial sale to stop the bleeding from the margin interest.
ReplyDeleteI understand the comments regarding my PBH investment, but now some hypocrite readers understand how dumb you are from not buying the same investments as I did long time ago...
ReplyDeleteI am not blogging for nothing, and now get out of the way.