| Welcome to the Grand Nordic Order of Balder. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Rachel's Investments so far | |
|---|---|
| Topic Started: Mar 4 2016, 09:42 AM (28 Views) | |
| ♥ Rach ♥ | Mar 4 2016, 09:42 AM Post #1 |
|
At Least 5% Sugar
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
Investments Reynolds American (RAI) +45.36% Barrick Gold (ABX) +13.87% SNC Lavalin (SNC) +12.18% ZLB -1.01% VUN -1.76% Bank of Nova Scotia (BNS) -7.68% TransCanada Corporation (TRP) -8.74% Enbridge (ENB) -18.90% ConocoPhillips (COP) -30.76% Total +2.5% to 3.5%* NB: These are not weighted equally. In particular, ENB and TRP are lower. COP & RAI, the initial book was somewhat lower as well. *high level includes dividends The Two Errors After less than a year of investing, I feel I made two broad errors. The first error was being overly worried about Reynolds American because initially put 33% of my portfolio into it. I reduced this drastically to underneath 15%. As it has been for a while though, it continues to be an extremely strong performer. The second big error was trying to “bet” on the oil market, at least short term which was in the case of ConocoPhillips. Thinking that the market would rebound was pretty silly. My investment thinking Reynolds American followed a GARP (Growth at Reasonable Prices) type philosophy while SNC Lavalin and Barrick Gold were value investments. RAI was relatively inexpensive particularly compared to their long record of extremely strong growth. SNC Lavalin was (and still is) an extremely beat up engineering firm in Canada. It’s well known for some insane levels of corruption, for example apparently sending someone to Latin America to meet up with Gaddafi’s fleeing son, some hospital scam in Quebec, some mafia stuff in Quebec & questionable activities in India. As such, the company has been facing legal trials which might potentially earn it a temporary ban from new national contracts. As such, the company has been extremely undervalued and left behind by investors. The company has been trying to reform however, and has gotten rid of those who have engaged in such activities… so the bet is that the company will improve. If it does, the growth should eventually be much higher than 12%. Barrick Gold is the Canadian mining giant who had fallen on really bad times due to its enormous debt and questionable investments in terms of mines. However, after kicking out founder Peter Munk and after gold has rebounded this company has made huge strides. I bought them fairly recently, so I missed out on some of their over 60% YTD growth (nearly all within the past few months) but if they continue to improve and if gold prices remain over 1,200 then the company should be able to potentially make up even bigger ground. ZLB & VUN are my two ETFs who have not done too hotly. But that’s okay! The Bank of Novia Scotia has been struggling at least with their stock prices, they were meant to be a stable growth stock, reasonable growth at reasonable prices. Long term however, they should be a stable growth pick. ConocoPhillips, bleh. As I stated before, this was a really stupid (at least short term) bet. At least they are no longer -48% for me and have improved to -30%! ENB and TRP. Why did I pick these again? Initially they did well, and I likely should have sold them then particularly since ENB is not selling at reasonable prices. But c’est la vie. I think in general, I’ve had the most success when doing GARP & value investing. Betting somewhat on commodities like oil was a bad idea at least in the short term as well as rather dumb. Going along with the trend with Barrick (plus gold) & Reynolds, while betting on SNC Lavalin without betting on a specific resource were much better decisions as well as a thought process. I can forgive myself for selling a lot of my Reynolds stake because I was new, but it obviously has really hampered growth (I’d be looking at 15% portfolio growth). |
![]() ♥ All You Need is Love ♥ Her Nordic Majesty NES ~ I find you so irresistible | Bestias ~ You are a goddess Salaxalans ~ RACH FOR NS QUEEN | Cpt Carrot ~ Can you get any more awesome? <3| It's always easy to be cheerful around you <3 Calvin Coolidge ~ Rach for NS Queen! \o/ Trinn ~ You're already super sexy and that can't really be outdone Helle ~ EVERYONE wants to be like you <3 | Guys wanna be with you, and girls wanna be you ![]() Praetor ~ Who needs 1500 WA nations when you have Solorni Ninn ~ hi i just wanted to say that you are a literal goddess Bran ~ Who doesn't want to be with Rach? She's fun, funny, an absolute delight and she has mountains of love to give to a cruel world. | Every inch of you is perfect <3 | |
![]() |
|
| 34625197 | Mar 4 2016, 12:50 PM Post #2 |
![]()
Archduke of Administration
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
You should invest in Twitter, its totally not an unprofitable sinking ship. |
| Normally I would be "oh no, the economy", but if it puts tweedle dum out of business, I'm happy -Bran Triune | |
![]() |
|
| ♥ Rach ♥ | Mar 4 2016, 01:06 PM Post #3 |
|
At Least 5% Sugar
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
No way Jose xD |
![]() ♥ All You Need is Love ♥ Her Nordic Majesty NES ~ I find you so irresistible | Bestias ~ You are a goddess Salaxalans ~ RACH FOR NS QUEEN | Cpt Carrot ~ Can you get any more awesome? <3| It's always easy to be cheerful around you <3 Calvin Coolidge ~ Rach for NS Queen! \o/ Trinn ~ You're already super sexy and that can't really be outdone Helle ~ EVERYONE wants to be like you <3 | Guys wanna be with you, and girls wanna be you ![]() Praetor ~ Who needs 1500 WA nations when you have Solorni Ninn ~ hi i just wanted to say that you are a literal goddess Bran ~ Who doesn't want to be with Rach? She's fun, funny, an absolute delight and she has mountains of love to give to a cruel world. | Every inch of you is perfect <3 | |
![]() |
|
| Cpt.Carrot | Mar 4 2016, 06:05 PM Post #4 |
![]()
A Guard Teddy Bear
![]() ![]() ![]()
|
Damn, if only I hadn't just bought Tower Bridge... |
|
"The greatness of a nation consists not so much in the number of its people or the extent of its territory as in the extent and justice of its compassion" - Inscribed on the plinth of the Horse Memorial in Port Elizabeth, South Africa. "Many politicians are in the habit of laying it down as a self-evident proposition that no people ought to be free till they are fit to use their freedom. The maxim is worthy of the fool in the old story who resolved not to go into the water till he had learned to swim." ~ Thomas Babington Macaulay What I hope to be
| |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
|
|
| « Previous Topic · Breidablik · Next Topic » |





![]](http://z5.ifrm.com/static/1/pip_r.png)








8:30 PM Jul 10