May 12, 2021

Portfolio Update May 2021

 

Another quarter has gone by, so it’s time for our usual DIY Portfolio report. You can expect our next update in about 12 weeks.

You also can have a look at previous portfolio updates here:

Despite the ever going pandemic and some palpable tensions, both on the international and domestic fronts, looks like we can all breathe a little easier now that Mr. Uncertainty is out of the Office.

By definition, stock markets will remain uncertain, and we never know which direction they will take. But we at least can have some good reasons to be optimistic. We can’t predict where stock markets will go but after those too long dark times, we finally can hope mankind can get going again. It may still remain hard for a while, but we can have a sense we can all work together and at least try to make things better.

In recent months, like the markets, our DIY Portfolio has done quite well.

Almost nothing special to report as things are cruising along and we only did one transaction in that quarter.  

Once more, I’ll remind you that I am not an investment or tax professional of any kind. The intent of this blog is not to give specific investing advice. Before investing yourself, we suggest you do all necessary research and consult a licensed financial professional if need be.  

On Cruise Control

For a while now, our DIY Portfolio remains somewhat on cruise control. We always like to look for robust companies and especially when markets are a bull run like the actual one.

With experience, we realized that all in all, details may not always be that important as long as you have a solid broad plan.

Some conservative purists are afraid of the impact of the new US administration. Contrary to them, we don’t believe the new situation could be bad for the economy and our DIY Portfolio for that matter.

So, we will continue to invest with confidence and will not change our overall investing strategy. We are still here for the long haul!

Lone Portfolio Transaction

Despite all that, we are still willing to talk about our DIY Portfolio management and as usual, transactions were limited in the last three months.

In fact, we only did a single transaction that double our participation in Metro (MRU). MRU is a rock-solid corporation that continues doing well. They adapted to the current pandemic quite proficiently and profited from it more than others.

You can expert a little more action in the next few months. Canadian National Railway (CNR), Open Text (OTEX) and Colgate-Palmolive (CL) are next on our list for some more enhancement.

We made a mistake getting rid of Disney (DIS) last year when the entertainment giant cut its dividend and will probably get back to it soon.

Despite being expensive, BlackRock (BLK) is also very high on our buy list.

Come back to us to know what we will finally end up doing.


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