Hi everyone how are you? Today I thought I would share my portfolio with you. Below I will share with you what sectors I am invested in. I will share with you the current value of my portfolio and the size of my two accounts within my portfolio. I decided to review my portfolio because I wanted to see where I am invested in the most and least, this allows to focus on certain sectors of the market where I am weak.
So let’s get started shall we. All the numbers that are in this post are as of October 16, 2017.
My portfolio now has a value of $107,895.54. As you can see there is a big difference between my two accounts. I have been investing in my RRSP for years and through compounding I have seen impressive growth. Before 2016 my TFSA account had been used for gambles with stock picking, money was removed to pay for a trip to Sweden, and also school and that is why the value is much lower.
In these two accounts I now hold 27 stocks and 1 ETF. I add cash each month to both accounts but over the last two years I have been contributing much more to my TFSA and this will continue for the foreseeable future. Why does it matter which account my money goes in? Well the RRSP when I take the money out in retirement I will have to pay taxes. The TFSA is after tax money so I won’t be charged anything when I take the money out.
I must say when I see this I’m not all that surprised as all of my stocks are Canadian and my ETF is U.S. focused. What this shows is that I need to diversify more and that means focusing more on the U.S. market and adding U.S. stocks to my portfolio. Also I will start looking for an ETF with international stocks to help get me invested globally. Even though I sit at 85% Canadian 17 of my stocks have operations worldwide.
My cash is currently at 3% of my portfolio and I would like to increase that to around 7% or higher. I currently add between $200-$500 per month. I want to be in a position to take advantage of any down turns in the market which I feel might be coming, but who really knows I can’t predict those things. That being said I am not planning on making any further buys this year unless something is just screaming buy.
As you can see my portfolio is currently focused on five sectors. I have not set any targets as to what I want each sector to weight. I feel that you should just purchase good quality stocks that you can hold for years. When I look at this chart I notice that there are two sectors missing healthcare and tech. In Canada we don’t really have many healthcare and tech companies so I will looking in 2018 at the U.S. market to make some purchases in these two sectors to help diversify my portfolio further.
One area of slight concern I guess would be energy being my second highest at 18.8%, as we know oil is hovering around $50. I currently own three energy stocks which are all pipelines. Pipelines aren’t affect as much as producers since they have signed contracts with the producers. That being said I would like to see my energy weighing go down a bit, I plan on doing that my increasing my investment in other sectors.
Top 5 Stocks
|Stock||Sector||Percentage of Portfolio|
|Royal Bank of Canada||Financial||7.1%|
|Bank of Montreal||Financial||6.4%|
No real surprise here, I have tried to focus my investing on blue chip stocks that continually rise their dividend. These companies meet that requirement. Since 2014 I have received 21 increases from these stocks. I actually thought their percentages would be higher when I was going the the numbers but I find these very acceptable.
So there you have it guys what do you think? Do you recommend any stocks I should look to purchase in healthcare and tech? Please let me know in the comments below. I didn’t want to go crazy with charts and feel that the ones above do a good job of showcasing my portfolio. Do you feel I missed something! If so ask away in the comments.
Thanks for reading.