Today, I decided to get out of some “fixed income.” I sold the last shares of MPAY and the two Brookfield Preferred Shares that I owned. MPAY has not been profitable for me. Even the interest they pay hasn’t made up for the drop in value of the ETF. MPAY mostly holds mid-term US government treasuries, which…
I’ve tried 2 or 3 times to write this blog post. Each time, I end up not liking the tone/direction and I put it aside and don’t publish. The stock market has had a bit of an interesting couple of weeks. While January and half of February was a great for me, the stock market…
Without further ado, here are the top five holdings in my portfolio based on their total investment return since I bought them. #1. GALP At the start of the Russian war with Ukraine, there was some concern about gas supplies in Europe. Through some weird luck, I bought Galp. It has been up 116% since…
As happens from time to time, earlier this year, I saw someone post a stock tip to a social media website. Now, I am not one to follow any random tip I come across. But this tip was backed by impressive research, so I decided to place a relatively modest bet on two of the…
Previously, my investment mix was: I just realized that my investment goals add up to 105%!!! How long has that been going on for? After investing some more money in index funds and some growth in the stock market, my new investment mix is: I’m pretty much exactly on target for where I want to…
In the past week, since I bought some preferred shares in Brookfield Office Properties, the preferred shares are up 15%. The classic problem – I should have bought more. My impulse was right (it usually is), but I didn’t go in with enough size. The two issues of BPO preferred represents about 5% of my…
A couple of years ago, I talked about preferred shares. At the conclusion of that post, I had said: You’d have to be fairly certain that the central bank is no longer raising rates. Are we reasonably sure that the central bank is no longer raising rates? Seems like it, right? In one of the…
One of my best investments during the pandemic was in a preferred share. If you don’t know them, preferred shares are equities that trade on the stock market but act more like bonds. The price fluctuates, they pay a higher than usual dividend, and the company might have the right to buy them back from…
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