#104 - Portfolio Update Dec2023

TL;DR

YTD return: 22.4%. Portfolio back above high water mark! 🎉

Performance update

Holdings

Highlights

Top contributors:

• $B3.ST: I remember ow hard (psychologically) it was to add to this one when it was in the gutter…
• $CXI.TO: quietly recovering
• $DRM.TO: benefiting from expected rate cuts

Top detractors:

• $8Z3.F: FUCK that guy James…fuck him in the ass. I wish I never met him (note: I’ve marked the value of this at €0.001)
• $CPH.TO: giving back some of the recent gains
• $KSPI: I’m worried a bit about this one. Strange price movements despite apparently great business execution.

Lowlights

I’ve had trouble finding new investment ideas this month. I think I was too busy with work. I hope that changes soon.

Changes

No change whatsoever this month. Weird!

Learnings

• Be slow. Speak slow. Act slow. But keep moving and keep learning, non-stop, relentlessly.

Outlook

I have cash to deploy, both in $CAD and $USD.

There will be opportunities to deploy it.

I’ll wait.

I might also look for a rental property to buy, potentially with a partner.

In the meantime, my cash is earning 4.5%.