I won’t be posting any portfolio update this evening because, honestly, I’m getting seriously fed up with it. Just to give you an idea, my stock portfolios lost $8,000 today. It’s really hard to figure out where things are heading in all this mess—it’s total chaos out there. What’s happening right now is tough on the nerves and tough on the soul.
Anyway, I’m trying to make the most of being in Montreal. I’ve been enjoying many of the city’s amazing delicacies.
Montreal has the best coffee shops!
I recently received my order of Derek Foster’s latest book:
It’s not finance-related like his other books—it’s a bit different, as the title suggests. I have to admit, I’m finding it a little difficult to really get into it, but that’s probably because I don’t need proof that God exists—I already know He does.
For me, the quest to find proof of God's existence feels a bit pointless, but that’s only because I already believe. That being said, I’m not saying it’s a bad book. In fact, since I have that belief, I should be in a good place to receive and appreciate this book. But it’s just not happening right now.
This market situation is eating me alive, and it’s making it really hard to focus on something like this. It’s also been a long and busy week. But hey, I have the book now—and I can read it whenever I want, right?
Honestly, I’d probably buy whatever Derek Foster publishes. But I do hope his next book is about finance again!
The weather in Montreal hasn’t been too bad lately, so I’ve been trying to make the most of it.
I recently bought back a stock that I used to hold in my TFSA portfolio: Premium Brands Holdings Corporation (PBH). Over the past couple of days, I’ve been buying the dip—investing here and there in different stocks. It’s quite difficult to buy the dip when you don’t really know how low the stock market will go.
I’ve been investing in stocks for over 17 years now. I’ve gone through a few market corrections. Each one was different in its own way, but what’s happening right now feels unlike anything I’ve seen before—and oddly enough, it seems to be wanted by the U.S. government. This seems to be a tactic Donald Trump is using in order to pressure a reduction in U.S. interest rates. But to make that happen, a recession would need to occur.
Right now, Donald Trump appears to be doing everything he can to push global economies into a recession—all to achieve his own goals. I don’t think this will end well. I just hope that at some point, a few Republican watchdogs will step in. Sadly, the Republican party doesn’t seem to have any watchdogs left...
A couple of years ago, I used to have this stock in my TFSA portfolio: Premium Brands Holdings Corporation (PBH). Back in the day, PBH was one of Jean-François Tardif’s picks, and naturally, I invested in it. At the time, I was also trading with a margin account and carried a margin debt of around $100,000. I always managed to stay on top of it. Despite the heavy debt, I kept everything under control and never ran into any issues.
However, at some point, I felt the need to pay down that margin debt. To do so, I sold off some of the stocks I held, including Premium Brands Holdings Corporation (PBH). Reducing my margin debt was the right decision, and I paid it off gradually. Still, I never forgot about my precious PBH and promised myself I’d buy back in once the price was right — and these days, the price is definitely right.
In his latest newsletter, Derek Foster mentioned he was investing in Canadian National Railway Co. (CNR). CNR is already a well-established stock in my portfolio, but I might still add a few more shares. Bank stocks are appealing because of their juicy dividend yields, but they’ve been hit pretty hard lately. I already have good exposure to bank stocks, but I might increase my position slightly to take advantage of the high yields.
That said, while dividend yields are tempting, diversification is just as important. I believe grocers deserve a spot in any defensive portfolio — names like Metro (MRU) and Loblaw Companies (L) come to mind.
Lately, I’ve also been thinking about small investments in Pizza Pizza Royalty Corp. (PZA.TO) and Boston Pizza Royalties Income Fund (BPF.UN) — but very moderately. These are small caps and could be more vulnerable to further market volatility.
My advantage is that my portfolio is already well established, which allows me to have a bit of fun and sprinkle in some “ornaments” like PZA — but always in limited quantities.
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