In November I discussed how I made minor adjustments to my portfolio given current circumstances. I ended up selling my local bank, First Source (SRCE), and bought into Royal Bank of Canada (RY). Both companies are in the same industry, banking, and carry a dividend yield over 3%. However, RY is the largest bank in Canada by … [Read more...]
Recent Buy: Public Storage
Markets continue to trade around all-time highs. In fact, this has become the best market since the 1930s; fueled by stimulus from the Fed and Congress. Early last week I had officially recovered ALL losses from the crash last spring. However, my portfolio looks a bit strange at first glance. In February gains were pretty … [Read more...]
A Great Depression?
Earlier last week, nearly 3 million unemployed workers applied for benefits last week. This comes as companies continue eliminating jobs in the face of a viral pandemic. This brings the total number of jobless claims to close to 36 million. Some areas of the country are experiencing an unemployment rate of over 30%; similar to … [Read more...]
Standing Ground
CRASH! March by far was the worst month of my investing career. At the bottom I was down nearly $50,000 or approximately 29%. This was a better performance than the broader market, which saw even steeper declines! The energy and travel sectors collapsed. Boeing, one of America’s largest, most important companies lost … [Read more...]