RE:RE:RE:RE:RE:Best and worst investment?TheCapitalist wrote: Marc24 wrote: TheCapitalist wrote: Marc24 wrote: Great question with not such an easy answer. From a pure share price increase, my best investment was buying Disney 15 years ago for under $20/share. It's a five bagger for me. I have also done very well with Fairfax Financial and Telus bought years ago. I have done very well with DREAM Office when distributions are considered so I will do very well when the unit price recovers plus I will continue to benefit from continued distributions into the future. I am very confident holding onto, and increasing, my position in DREAM.
As for worst decisions, speculative penny stocks such as ADE and TGX although I never threw much money at them.
The real answer on worst decision is NOT buying more of my winners earlier on. It's not the duds that I bought, it's what I didn't buy when I should have like more Fairfax when it's price collapsed to $60 or DREAM at $10 a few years ago. Had I capitalized on those missed opportunities, I would be a very wealthy man today.
Marc
Interesting. Congrats on the 5 bagger. That's a great investment. How long have you been investing for?
Thank you. I am mid forties in age. I started investing in mutual funds for my RRSP when I was 27 years old but I opened my first brokerage account (self directed RRSP) when I was thirty years old so around 2000. My earliest investments included Fairfax, Disney, Telus, Bombardier (dog), and Dundee REIT.
GLTA!
Marc
That's awesome! You must have a lot of knowledge and experience then. I started investing 3 years ago when I was 24. My first investments were made using residual cash from my student loan (interest free) and were in a TD fund of funds. I did a big of digging around and switched from that to Mawer canadian equity, which is currently my main holding. Shares in TD (now sold off and put into Dream office) came next, followed by dollarama. You must have a wealth of knowledge and experience cultivated other the years. I'd love to pick your brain. Do you predominantly use fundamental analysis or technical?
I would call myself a value investor. I believe in the writings and thoughts of Warren Buffett and Benjamin Graham. I don't understand technical analysis and I am not a growth investor. My greatest investing strengths are a strong determination and patience. These two attributes gave served me well over the years.
I love market volatility. Times like today are to be viewed as a gift, not a time for crisis. I am actively watching the markets and I am ready to add to my existing holdings at any time where I feel the price is right.
I currently own about 30 stocks and trusts which is 20 too many. I would love to pare them back to no more than a dozen.
I like buying companies I understand and those that make products or supply services that people want. I don't invest in tech companies because I don't understand how to value them.
I spend a great deal of time pouring over quarterly and annual reports to better understand the companies and who is running them.
It looks to me like you are on the right track to succeed. You are far more investment savvy than I was at your age.
Well done to you and best of luck!
Marc