You may know that I limit my security trading activities to once per quarter, or four times per year. This helps me with my discipline when managing my portfolio.
My next trade date is on or about December 15. I have been thinking about what, if any, trades to make at that time.
I’ve come up with two very exciting(?!) changes for my portfolio:
- re-balancing bonds by purchasing more
- topping up our holding in OpenText due to its present valuation and to invest some idle cash in one of our TFSAs
Isn’t that exciting?
Well, although I’m being facetious, it actually is kind of exciting for me. The reason: I finally feel like I am in true maintenance mode for our household retirement portfolio. I like the holdings we have (although I continue to look for improvements) and am mostly focusing on keeping our asset allocations in balance with targets.
For many investors I suspect this sounds terribly boring. What, no chasing outsized gains in the latest momentum stock? No short selling or short-term trading. LOL. Not for me.
But, boring can be good. We’re on track, at today’s pace, to exceed our target 7% return this year (at 7.4% as of Sept. 30 and currently forecasting an 8.8% total return by year end if the trend continues). That’s beating the TSX’s return to date of 4.7% (or 2.27% as of Sept. 30) and is being achieved with relatively low risk (less than 50% exposure to equities).
Yep, boring can be good.