In the Fall of 2020 I initiated a position in bitcoin by way of a closed end fund from 3iQ Digital Asset Management. The initial purchase created a 2.5% portfolio weighting. The explosive price increase quickly took me above my target of a 5% portfolio weighting. I am embracing bitcoin as a core portfolio asset. It […]
A look at iShares High Dividend ETF, XEI. Built for the Great Recovery.
Spring is in the air (in some parts of Canada, and certainly in much of the US). Vaccines are going into arms. More lockdowns are being lifted. Jobs are being created well beyond expectations. Economic growth is ready to flourish. Planes are ready to take off. Hotels and resorts can’t wait to welcome you, almost […]
Everybody hates bonds, on Weekend Reads.
It was a few years ago that I suggested that “the greatest threat to stocks is bonds”. Bonds are starting to follow through with that threat, taking down the stock markets. And they have a peculiar taste for US stocks, and high flying US tech stocks in particular. It’s just more than increasing bond yields […]
Canadian banks say ‘we got the beat’, on Weekend Reads.
The Canadian banks reported quarterly earnings this week, and as the Go-Go’s sang “we got the beat”. The banks were beating on earnings and revenues in every which way. A beat means that they surpassed the expectations of the earnings analysts who price the stocks. So perhaps it is not that the banks beat, but […]
The returns for the ETF Portfolios – outlier edition.
I recently looked at the returns for the core ETF Portfolios on Cut The Crap Investing. It was more than a solid year with annual returns in the range of 9.8% to 11.0% for 2020. It was another great year for simple couch potato investing. Simple and cheap worked. Today we’ll look at the returns […]
We’re going crypto crazy on Weekend Reads.
The price of bitcoin is going crazy. There’s just no other way to describe it. On Friday it was knocking off $1,000 US price barriers by the hour. In one stretch of 16 hours from Friday into Saturday the price of bitcoin increased by over 12%. To put that into context, have a look at […]