Things are pretty sweet here on the sidelines. Since triggering the most recent portion of my exit strategy back in early May the TSX is off 10.17% and DOW is down a whopping 13.04%! In the meantime, my Canadian Bond Fund units just keep on tickin' up. Oh sure, they take a downward tick on a day when the markets rally a tad but overall, I'm up huge compared to where I'd be had I held my earlier positions in the Canadian Resource and Canadian Endeavor Funds.
I wish I'd implemented something similar with that crazy basket of seg funds I'm holding in another account. Needless to say they're as far down as the markets are now. The blessing is that they are a small portion of my total holdings...getting smaller every day!
Same goes for my trading account but I don't worry about it as my largest holdings in that account are the three Canadian Banks, BMO, RBC & TD. I expect them begin to rally in the next quarter or two. I think that my trading account will be at the very least all the way back by year end...maybe even up a few points.
A few friends have asked why TPCI has been so quiet. Pretty sporadic posting through June and July. No, I didn't go on a vacation. The fact is, I accepted a job offer. The great thing about Carman is that there's no Walmart or Tim's so I wasn't tempted to seek out the urban boomer's type of job. I lucked out with a very nice position doing the accounting for one of the larger firms in town. Working a great group and enjoying the new challenge after being unemployed for a few months after the move. Must say, I'm much happier at work than at home watching the markets fall off day after day.
Had a couple of visitors yesterday. They dropped in to have a look at the Carman condo as they're getting ready to make a large investment in a condo complex in a nearby town. Boomer's housing...one of the few growth industries in small town Manitoba.
I wish I'd implemented something similar with that crazy basket of seg funds I'm holding in another account. Needless to say they're as far down as the markets are now. The blessing is that they are a small portion of my total holdings...getting smaller every day!
Same goes for my trading account but I don't worry about it as my largest holdings in that account are the three Canadian Banks, BMO, RBC & TD. I expect them begin to rally in the next quarter or two. I think that my trading account will be at the very least all the way back by year end...maybe even up a few points.
A few friends have asked why TPCI has been so quiet. Pretty sporadic posting through June and July. No, I didn't go on a vacation. The fact is, I accepted a job offer. The great thing about Carman is that there's no Walmart or Tim's so I wasn't tempted to seek out the urban boomer's type of job. I lucked out with a very nice position doing the accounting for one of the larger firms in town. Working a great group and enjoying the new challenge after being unemployed for a few months after the move. Must say, I'm much happier at work than at home watching the markets fall off day after day.
Had a couple of visitors yesterday. They dropped in to have a look at the Carman condo as they're getting ready to make a large investment in a condo complex in a nearby town. Boomer's housing...one of the few growth industries in small town Manitoba.
As Always, Happy Investing!
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