- Apr 26, 2009
- 5,821
- Boat Info
- '97 330 Sundancer, Raymarine C80 suite with radar, Mercury 310 Hypalon w/8hp Yammie 2stk
- Engines
- 2X 454 carbs w/ vDrives
I have mostly been a contrarian investor. Strong, well managed companies in cyclical industries will prosper again when the cycle turns. I have 1/2 my investments with RBC Wealth Management and the other 1/2 I manage myself. Over the past 12 months my RBC accounts have decreased by about 5% (probably 70% Canadian investments and 30% US or other). The part I manage myself is up 11% in 2022. And that is in a market that is down overall. Its not penny stocks. Its large, well run companies that I bought when RBC advisors said they were not on their buy list. Like oil and gas and commodities early in 2020. The large investment firms have their "list" of recommendations from their research groups. And they are very slow to add names to their list when they are in a down cycle, and very slow to remove them at the peak. So if you follow their advice, you are late for the party whether the market is rising or falling.
Looking now at strong tech companies like Microsoft, nVidia, Qualcomm, maybe Apple if it comes down a bit more. Not social media - too frothy.
Looking now at strong tech companies like Microsoft, nVidia, Qualcomm, maybe Apple if it comes down a bit more. Not social media - too frothy.