Q: Hi 5I folks,
Thanks for a year + of perspective, insight and consistency on your approach to reporting and questions which I read almost daily.
When I decided 4 years ago to address the overwhelming position of TD stock in my portfolio (2/3), diversifying was the goal.
It was ok at the beginning but 2 years into it I was in need of some help – 5I to the rescue . TD position was growing faster than I could diversify –so it felt.
In any case I’m now on my last batch of TD to divest (13% of the portfolio), a bit of cash in the accounts (4%) and a bit of a dilemma on what to add to and if I should move from 3% to 4% the investment total for individual positions. I don’t mind having 30 + stocks all the time to deal with but I can see that may not be the case in the future. My horizon is long but with a 2/3 year scenario where I may need to switch to a more Income oriented portfolio. For now I’m comfortable with the balance. I have 50% larger cap, 25% mid to small cap, 20% dividend and 5% in speculative stocks. Normally I buy 1% at a time (one quarter reporting in between purchases).
From this list could you identify any that should be excluded or maybe does not need to be owned ? DIV and GS can wait in my perspective - best to pick from others listed?. It looks like I have 17 1% positions I can add.
WSP, OTEX, SIS, SLF, BAM.A, TSGI – 3% to 4% currently (add 1%)
ATD.B, GSY, FIH.U – 2%-3% currently - (add 1-2%)
GS, ECN, CAE – 1-2% currently – (add 1%-2%)
KXS, PBH, DIV, ET, TCN, AIF, - at 1% (add 1%)
Appreciate your suggestions and comments.
Regards.
Thanks for a year + of perspective, insight and consistency on your approach to reporting and questions which I read almost daily.
When I decided 4 years ago to address the overwhelming position of TD stock in my portfolio (2/3), diversifying was the goal.
It was ok at the beginning but 2 years into it I was in need of some help – 5I to the rescue . TD position was growing faster than I could diversify –so it felt.
In any case I’m now on my last batch of TD to divest (13% of the portfolio), a bit of cash in the accounts (4%) and a bit of a dilemma on what to add to and if I should move from 3% to 4% the investment total for individual positions. I don’t mind having 30 + stocks all the time to deal with but I can see that may not be the case in the future. My horizon is long but with a 2/3 year scenario where I may need to switch to a more Income oriented portfolio. For now I’m comfortable with the balance. I have 50% larger cap, 25% mid to small cap, 20% dividend and 5% in speculative stocks. Normally I buy 1% at a time (one quarter reporting in between purchases).
From this list could you identify any that should be excluded or maybe does not need to be owned ? DIV and GS can wait in my perspective - best to pick from others listed?. It looks like I have 17 1% positions I can add.
WSP, OTEX, SIS, SLF, BAM.A, TSGI – 3% to 4% currently (add 1%)
ATD.B, GSY, FIH.U – 2%-3% currently - (add 1-2%)
GS, ECN, CAE – 1-2% currently – (add 1%-2%)
KXS, PBH, DIV, ET, TCN, AIF, - at 1% (add 1%)
Appreciate your suggestions and comments.
Regards.
