2014 Portfolio Update – May 13, 2015

There is no better time to second-guess yourself than the present  — Metaphor Manglers, probably

I don’t usually pay much attention to short-term effects, because usually they are transitory and contribute little to the trend; even the five year CAGR numbers are meaningless against the backdrop of the 2008 debacle as the subsequent tide lifted all boats, even General Electric appeared to perform. In yesterday’s post I commented at length on my struggles to complete my annual ritual of rebalancing in the face of uncertainty, so today I Continue reading


Why bother with Rules?

It doesn’t matter if you’re reading this below or above the 49th, or on the other side of the pond; lately investing has been fraught with uncertainty, if not outright danger. Saudi influences on oil prices, US frackers’ ‘damn the torpedoes’ attitudes or, up here, Albertans’ ‘damn the torpedoes’ attitudes have wreaked havoc on energy stocks. EU obstinacy, or Greek obstinacy, take your pick, is messing up my bank stocks, and I have no idea why my telecoms have been slapped down. So, yeah, times are interesting. Continue reading

2014 Portfolio Update

The deed is done, the numbers are in. My portfolio is re-balanced and I’ve managed to follow my rules to a great extent. Reviewing previous posts on the subject, I have to admit to a bit of a chortle, especially here:

Since first implementing my DOGS strategy in 2002, I can honestly say that this has been the toughest time that I’ve had in the markets.

Continue reading

Investing from within the Echo Chamber

I love my DOGS. Everyone gets that knowing when to sell a stock is much tougher than picking the one to buy (or it is identified as one of the great shortcomings of the individual investor). Yeah, yeah, we make it easy for ourselves: simply buy high, sell low, right? And that is the exact reason why I love my DOGS: buy/sell decisions are based on my simplistic calendar and spreadsheet methodology. Is it November? Check. Is this stock Continue reading

My Personal 4-Bagger

You can’t imagine the trouble I’ve managed to get myself into with English idioms; being a fresh-off-the-boat, ESL type, so many -isms come along just trying to force my faceplant. My good friends educate and help me along, mere acquaintances  merely cringe. But before I go too far down the side road of my unintentional racisms, I will explain the ‘x’-bagger. Continue reading

2013 Portfolio Update – May 6, 2014

updated 6 May, 2014

updated 6 May, 2014

For the sake of complete transparency, and in order to make my point that it is entirely possible to beat, on average, the performance of most products issued by the mutual fund industry, I strive to provide portfolio updates, and will continue to do so. In good years and in bad. The last 5 years have been good, in fact excellent as I have shown here. Continue reading

“What to do??”

Years ago I had a Russian on my team; endowed with great technical skills, he would still periodically find himself with a dilemma, perhaps with a choice of differing approaches to resolution. He would come to me and lay out the problem, describe the various solutions, Continue reading

Happy Birthday, Baby Bull

I expect it won’t be long now until the Financial Industrial Complex touts start trotting stellar performance numbers for their mutual funds, as this past week marked the 5-year anniversary that the markets bounced off lows created by the Financial Debacle. Before you get all warm and fuzzy, or whatever adjectives describe euphoria for you let me just throw a few numbers out (I’d love to do this in a right proper table, but I don’t know how quite yet, but soon?)

5 Years Ago – CAGR (Total Return)

Dow Jones Industrial – 19.8% (145%)
S&P 500 – 22.3% (172%)
NASDAQ – 27.3% (230%)
TSX – 13.6% (88%)
Beric’s DOGs – 25.0% (159%)
 So yeah, like the Sage of Omaha stated so often, “Rising tide lifts all ships”.

Easier Said Than Done

While having only recently come to the decision to document my efforts to retire early and comfortably, I have already frequently made mention of my investment methods designed to keep us from supporting these so-called advisors of the Financial Industrial Complex. Specifically the ones whose MERs exceed our returns; the ones who consistently under-perform the benchmark indices they reference in their glossy propaganda. And in my Continue reading

BCE Inc. reports Q4 results

Today BCE reported earnings of $540M, up 16%, and largely in line with analysts expectations; for the year, net earnings came in at $2.55, down from $3.17 the previous year, partly as a result of CRTC costs associated with the Astral Media acquisition.

For the coming year, BCE expects earnings of $3.10 to $3.20.

BCE, a core holding, makes up the largest percentage of my portfolio as a result of it’s standing as a top-5 dividend yielding issue on the TSX60. Today’s announcement of a 6% increase to the dividend makes it the tenth over the last 5 years, totalling almost 10% compound Dividend Growth.

Put another way, I just got a raise!