Boudrias
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Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
I own KL, AR, AEM, CEF, FVI and FNV. Been buying since gold was 1200/ounce. My biggest surprise is that gold is not the counter play to market indices as I thought it would be. IMHO the drive upward will really kick in after Covid vaccines are out. At that point markets will focus on the financial fallout and people will get scared into gold. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
Tesla gets added to the S&P and all the funds in that index have to buy Tesla stock. It takes another run up. There is a lot of money floating thru the markets looking for quick profits. Hedge funds and levered ETF's are everywhere. It is good for market liquidity I guess. You have to ask where all the money coming out of bonds is going. I think you have to buy your stock based on your analysis and then hold. Covid has the markets spooked again but as soon as the vaccines start being used it will roar back. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
Knowing when to sell is the hardest part of investing for me. My intent when I buy is to hold the stock for the long term. That said my gold play might take 2 years to play out but it is not a long term hold. I have 10 asset allocation categories and try to hit those targets. Amazing how I have narrowed down which analysts I listen to. I drift towards fundamental analysis so hearing that opinion is self confirming stuff. The psychology is scary. I got scared out of CVS yesterday which contravened all my supposed discipline. The fact that I bought back in with a net gain just throws more gas on the fire. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
I think the move to value continues. Bonds likely drop but yields are so poor that holding them doesn’t make sense. Stocks yielding at + 2% works. Elevated P/E’s even looked reasonable considering bond yields. Added to RXT, CVS and ABBV this morning. Would like more AMZN but must be less than $3000. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
So I am back in at 66.81. There is a stat for the % of the USA market that CVS has a store within a few miles. Very high, just like Walmart. I read a Barrons report that says there is nothing new here. I'll wait too. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
He had been so quiet that I hadn't thought about it for awhile. I got out at a small profit but I am bidding back in at 66.95. What are you thinking? There is no doubt that there will be a market for Amazon. I am sure the drug companies protect CVS margins to a degree. It is the prescription fees and loss of traffic that hurts most. I still think their walk-in clinics and Aetna are great ideas. They can do the same thing Amazon is going to do as well but Amazon has a lot of experience doing this. I might just go to HHL and wait. Covered call income with exposure to healthcare still there. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
Google 'The Dividend Guy'. In Canada buy 'The Canadian Money Saver' magazine. It has all around solid financial advice. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
They never had the genetic code of these viruses available as quickly as they are now. -
In the 'olden days' we all used to hike down to the slough and played shinny hockey. No slappers and you couldn't raise the puck. You wouldn't anyway because you would lose the puck in the snow bank. Yes, the goal posts were boots. Us younger boys had to go early and clean the snow off the ice. The older kids would come with firewood and start a nice bonfire. Marshmallows for sure. All this was organized by the teenagers and there were never any adults that I can remember. Those sloughs ran for miles. You could skate for miles. The sloughs are mostly drained now. Only 5 - 6 families in the neighbourhood but all big families. There could easily be 20 kids there with a few townies as guests. Great times.
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Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
I was shocked during that 60 Minute segment when the General responsible for distributing the vaccine said that polls they had done showed 60% of doctors and 40% of nurses were willing to take the shots. I thought that was very low but my wife says nurses are very reluctant to take flu shoots. Maybe since Covid is life threatening or if they make it a condition of employment that will change. -
I have been to HK 3X over many years. What the world is losing is a vibrant culture that was a beacon the communist could not tolerate. People should not think there is universal unity in China. Leadership has often come from the south and Bejing has always struggled with that. I was on a Po River cruise in Shanghai, sitting next to a older Chinese man. We chit chatted back and forth for awhile. Then he leans over and jesters towards a group of Chinese tourists across the cabin from us and says ‘they don’t like me you know’. I asked why? He said I am from the north. They are speaking Shanghaiese. They have always considered themselves better than us. I was floored by the whole experience.
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Joe, I heartfelt thankyou for this thread. Christmas often brings introspection and you have provided a platform. Many stories from the heart here. We live in troubled times. This is not unique to history. What we have drifted away from is the strength of family and the positive reinforcement that all people crave. I write this listening to Nat King Cole's Christmas songs. I might be dating myself but I remember listening to him as a kid. His music is spinning off so many fond memories of years ago. There is a timeless presence of fond mermories. So I will try and pass that down to my grand children this Christmas.
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I think as you get older you start to realize the real currency of life is time. How many times did I drive past my Grandma's house without stopping. She died at 82 which seems young these days but she died in her sleep at home. That was a blessing.
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To lighten the tone a tad I can tell a story about my father-in-law who I loved dearly. Dad was a Saskatchewan farmer who had the inner strength to chance moving his family to BC in 1954. This story was about farming with horses. His brother joined up in 1942 and Dad at 18 had to run the farm on his own. In '46 his brother returned and they farmed with horses for another year before buying a 28 HP tractor. Dad and brother had cobbled a hitch on their plow so as to be able to pull it behind their new tractor. So Dad was riding on the old seat of the plow so he could lift the plow up for corners. As they head home for lunch Bill is gearing the tractor up to hurry the process. Hungry I guess. So he hits a rock with the plow and Dad is thrown forward over Bill's head and lands on the run infront of the tractor. Bill hadn't seen him fly over and jumped off the tractor thinking he had ran Dad over with the plow. He is on his hands and knees screaming as he pushed dirt aside looking for Dad as Dad walked up behind him. All is well that ends well. The sad note is that with the tractor they could not keep their 10 draft horses and had to ship them out. To his dying day at 88 years old Dad could rattle off the names of all those horses and did so with a tear in his eye as he loved them so much. We often sat in the back yard and talked about farming. My family had come to Carmangay with 2 steam tractors in 1907 which amazed Dad. Farmers had done well during WW I and Dad's father decided to build a new farmhouse in Lipton, Sask. Well many might know the good times didn't last and drought hit in 1920. Dad referred to the house as the "white elephant". When Dad took the farm over in '45 he said he went into the bank and told them to give him a payout figure on the mortgage or he was leaving the farm. The bank gave him a good enough deal that he stayed.
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We seem to have some common threads. I think you do your best and have the good sense to take some time now and then and think things thru. Is there something I can do different or better or someone I should talk too? Your point about the no hugging is so bang on. One of the truly sad things is to realize your short comings and then realize you are slipping back into old behaviours. It takes practice.
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Thanks Joe. I have been doing some writing and these memories are returning.
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Thanks Deb.
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I have sat with 3 family members in hospice care until they passed. They were not gentle goodbyes. The process of dying is not gentle as the body struggles for life. Taking water away to hasten the process is cruel. We put my mother in private care as she needed medication. She asked me to take her home and I was to much the coward to make that happen. I could have found some way, I should have found some way. I'll never forgive myself for that. Later when she went into hospice I would sit with her late into the night reading aloud. She was not aware of her surroundings for most of that time. Call me a fool but the night she passed I saw a vision of my dead aunt come into the room and I know she came for my mother.
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Best person available for the job, man or woman. That said I also have preference for NHL experience in management. At a minimum pro hockey experience. I don't know the women's hockey programs to know how good they might be. I have no interest in hiring based on political correctness.
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Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
I am sitting at about 25% USD right now. With what I considered unfounded strength in the CND a person could have bought more USD's. That said I have a large number of my CDN stocks paying their divs in USD. It is my USA side that is giving me my returns to date except for BIPC and BEPC which have been huge. I actually sold some of my BIPC and the $ value was made up in less than 2 weeks. Fantastic play and now BAM is spinning off an insurance company. Flatt acts more like Warren every year. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
Great call on CSCO. You have to be smiling this morning. Interesting choices but I will stick with MSFT because of their deep pockets and diversification. Same with GOOGL and AMZN. I guess you can’t own them all. I did buy some HOM.UN yesterday. Also added to ENB. Will sit tight for now. -
Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
No confusion. I should have been clearer. This late in the year I start using the FW PE for my analysis. Like you I bought Telus for the div and have owned for years. Have you looked at Price/ Intrinsic Value? Never done much work on this. Another issue looming on the investment horizon is a reduction in the capital gain exemption. I have been selling stocks with large gains and then buying them back. Do you gain more by doing this, paying the tax, and losing that money (tax paid) instead of keeping it invested? Thoughts? -
Great stories Joe. I managed my son teams thru minor hockey and loved the experience. Arranging ice times, making sure players got to those 6 am practices and making sure they had enough tourny play. One memorable experience was in Invermere when the boys were really getting drubbed. The coach was so upset that he sent me into the room between periods because he thought he might lose it. I walk into the dressing room and here is one of our players with a candle burning with most of the players huddled around humming some kind of incantation. I thought it was a joke but the faces were serious. Walked out of the room barely able to stop the laughter. Coach was mystified. Those boys played together from Atoms thru to Midget. Went to 3 Provincial Championships. They were like a big family to me. Most of them attended each others weddings. At one wedding one of the boys came up and asked me if I still had my vest that I had my company's logo on. Years ago he had asked me if he could have that vest if I ever quit using it. I found it a touching experience as I gave him my vest all those years later. I had tried so hard to have this boy succeed as he had incredible hockey talent. He never did achieve that but his memory of the vest and the great times the team had obviously meant something and stayed with him. He became a ambulance medic and loves his job.
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Investing in the stock market - Discussion
Boudrias replied to AV's Coin's topic in Off-Topic General
I am looking at HOM.U for a add to my TFSA. Telus is really interesting. I sold off all my BCE a couple of months ago and topped off my Telus to a full weight. I think you have to credit this company with a revaluation based on their Health, International and Agri investments. Telus is bring tech down to key industry applications. International gets spun off in Q1 2021, the Health unit has revenue of $800 million now, and Agri has about $500 million invested in 7 companies they have bought. Does the PE of 18.4 demand a higher valuation? I think so. I did away with my Telcom sector designation and have moved Telus into Info Tech. I can see $30 out of T. -
Some nice stories Joe. I have some pretty extensive histories of my family and the vast majority came to North America for religious reasons. The wars and persecutions in Europe over religion are horrendous. My great grandparents fled from Utah to get away from Brigham Young. Before leaving for Canada they went back to Missouri to try and rejoin the old branch of the Morman Church that did not follow Young to Utah. Well that didn't fit either so back to Utah in another bid of reconciliation. Nope, so another +1000 mile trip by wagon to BC. So 3 trips across America by wagon and a trip to Canada. What sustained them? I have to think their religious conviction. That said my grandmother told that once in BC they never attended a church but read the bible on Sundays and no work allowed on the Sunday. There is a picture of my 2 great uncles in the archives in Ottawa. Two older men, salt of the earth, no nonsense, weather worn faces, determined. As a kid I remember them but I wish I had been able to sit and talk to them now.