RE:RE:RE:RE:RE:RE:Need to Quit Worrying About Short Term SwingsHey Ariahp
Thanks on the portfolio comments. My wife & I are really steady-eddy so no risky stuff like MJ for us. We actually avoid anything directly related to a commodity, gold, high tech, consumer, etc. Just the 5 sectors.
We are truly long term buy & hold eg: BCE 2009, EMA 2010, AQN 2011, PPL, BNS,DIR.UN 2013, etc. As mentioned, we never trim or sell unless something really significant changes with a company (like a divy cut or yield getting under 3%, etc)
Since retirment in 2013, our portfolio value has increased by 140% (so buy & hold and avoid market tming does work over the long haul).
All the best
Sarge
Ariahp wrote: Sarg:
You have a very well balanced portfoilio. In hindsight, I wish I had bought some bank shares, instead I lost about 125k in the MJ sector. I did own T, sold it recently and bought IGM and BCE and i have done well on both.
Now My worst day ever was Tuesday March 10, 2020 I was down $1,738,205.43. That is one day I will never forget. Biggest day loss $209k and biggest Day gain $180k
Yet slowely but steadily the recovery started and today I am up a huge amount. The turn around has blown my mind.
I did have a bigger portfolio, sold most and used the proceeds to buy PPL. Ironaically I got to know of PPL when they bought out Veresen. Every month my mantra was to buy PPL and that is why I have accumulated what I have.
Interestingly I have started transferring shares to my 2 sons....to build up their portfolio and reinvest their Dividends.
The journey from March 2020 to now has been very interesting to say the least.
Like I said Sarg, you have a really good portfolio.
Curious which is your favorite Hockey team?
GLTA