2025-2026 ...... Economic distress = Business opportunities As many of you are busy circling the investment wagons, keep in mind the reasons to remain invested.
Look at the quality of your holdings, business by business.
Weed out the fragile, keep the robust.
Share prices could falter, we all will agree on that, but that doesn't mean we throw out our gold coins with the dirty dish water.
You're going to get an abundance of negative economic data and news the next 12mo, maybe longer.
As crazy as it sounds, I believe Canadian Banks (yes, the Giants) could be vulnerable the next 24mo.
It will rock the Canadian stock markets should Financials take a -20% to -40% hit.
Looking at a company like GH, we are well positioned to ride out the recession.
Very little debt, exceptional locations, exceptional experienced executive team, the track record to prove it.
There's always that temptation, "I'll sell today and buy back at $8 down the road."
As Buffett would say, then you're guessing TWICE.
None of us know the bottom and none know the top.
Rough waters make weak businesses seasick, some will sink.
Ahooooy!!!
We may find leaky ships to raid.
Keep your eyes on the horizon, eat your limes and stay hydrated.
Should there be a nice treasure raid while you're sitting on the sidelines, shares go to $12+, then you're really stuck. Those shares you sold for $10 will be 20% more expensive, even during a recession.
Some smart guy said that "its not the timing of the market that makes you money, it's the time spent in the market that makes that money."
You jitter bugs know what I'm getting at.
Hold the line, gang.
Recessions are rough but not to be feared.
Fog of war.
Expect casualties, pickup the pieces before the gunsmoke settles.
There, that's my one good deed for Q3 2024.
Kasking and I will keep watch for pirate flags, you guys keep tabs on your holdings.