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#108 - Portfolio Update Feb2024

Publish date: Feb 12, 2024
Last updated: Feb 29, 2024

TL;DR

Trucking along…

Performance update

perf

cagr

countries

Holdings

portfolio-update

Highlights

Top contributors:

  • $CPH.TO: by far. It’s fungle time, baby!
  • $KSPI: overdue, given the business quality.
  • $TVK.TO: crushed it again this month.

Top detractors:

  • $DRM.TO: fucking nightmare…
  • $PARA: should have sold this sticker around $15…but decent earnings nonetheless.
  • $COST.L: huh; I’m surprised. It’s still ridiculously cheap.

Changes

  • New:
    • $AEBZY: pitched by Mohnish Pabrai. See my notes here
    • $MRG-UN.TP: seems less troubled than other REITs, and better dividend yield than WealthSimple interest rate.
    • $DUR.AX: small position after earnings drop, using proceeds from $5GN.AX sale.
  • Added:
    • $CTT.LS: looked at it again, seemed cheap again. I’m trying to up my minimum purchase size.
  • Trimmed:
    • $DRM.TO
    • $CPNG: trimmed massively. Optically too expensive. Probably a mistake, hard to know for sure.
  • Exited:
    • $STNE: Not cheap enough, not easy enough, not pleasant enough.
    • $3328.JP: just didn’t like the business or the valuation enough.

Learnings

  1. If you see something you really like, swing at it and swing hard. Don’t haggle over 0.1% and be decisive.
  2. Do the work, quickly, all the time.
  3. Be patient. Be VERY patient.
  4. Do not seek validation from others. Do not rejoice when you have it, do not be disturbed if you don’t.

Outlook

My portfolio is decent, and I have some cash to deploy.

I’m looking at $CXI.TO to start moving this year. Also have hopes in $B3.ST.

Might look to trim $TVK.TO, but it’s unlikely.

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