I'm a computer engineer with a great interest in finance. I'm not a pro, I do it for my family. But I'll share what I know and try to be as helpful as I can. I own about 10% of my assets in precious metals. As for currencies, I keep about 75% CAD vs 25% USD of my assets. I have about 35% in mutual funds; global small cap, global fixed income and global real estate. These allocations are fully managed by me, but I re-balance twice a year or so. That mutual fund core is insuring sufficient diversification and low correlation to the following US and Canada single stocks.
About another 35% is a trusted core of single stocks, both Canada and US. These positions are generally overweight at about 3% of portfolio. Core positions have a few properties in my portfolio: low turn-over, very long term, low debt, often dividend growers with low payouts, good valuations, good growth, low beta. They are safe and feel safe, and I usually build those position over the years. I consider it core after 2 years of reliable service. A stock can gain my trust by presenting profits. Not much mega caps, mostly small to medium caps. Another property of my core: easy to understand businesses. They wash linen, they sell groceries, they make boxes, they produce wine. As I build confidence and understanding, I allow more exotic positions in core. They manage money, they rent retirement houses, they dig for metals, they patent software, etc.
At the other extreme, I keep a few lottery tickets as satellite positions for about 20% of portfolio total, 0.75% to 1.5% of portfolio each position. More risky or difficult to understand business, more volatile and some signs of stink. Could be reversal plays, could be momentum stocks, can display signs of breaking out. Usually, I rely a little more on technicals than fundamentals there. And I trade. I learn. I make mistakes. I churn. Survival of the fittest.
I always look for dips in my core positions, and I wait for clear signals to buy back (volume, a few moving avg). If I have cash, I use it. If I don't I look at core and I trim large gains. If no gains there, I look at satellites for gains. If no gains, I look at satellites for mistakes, stinkers, unreliable bets. With money, I buy dips in core positions or in-the-middle stocks. In middle stocks are first buys aiming core, or rising satellites gaining confidence and improving.
Here's my complete stock, ETF, mutual funds and precious metal portfolio as of mid-March 2016, with position size:
MUTUAL Global Equity Small Cap - Mawer (20%)
MUTUAL Global Fixed Income - PIMCO (17%)
PM Physical Silver and Gold coins (11%)
MUTUAL Global Real Estate - Pyramis (4.5%)
ADW.TO Andrew Peller Inc (3%)
SXP.TO Supremex (3%)
KBL.TO K-Bro Linen Inc (3%)
DIS Walt Disney Co (3%)
ATD.TO Alimentation Couche-Tard Inc (3%)
SIS.TO Savaria Corporation (3%)
RCH.TO Richelieu Hardware Ltd (3%)
MST.TO Milestone Apartments Real Estate Investment Trust (3%)
RC.TO RDM Corp (2.5%)
RPI.TO Richards Packaging (2.5%)
LAS.A.TO Lassonde Industries Inc (2.5%)
ITP.TO Intertape Polymer Group Inc (2.5%)
WPK.TO Winpak Ltd (2.5%)
SAP.TO Saputo Inc (2%)
MRU.TO Metro Inc (2%)
TCN.TO Tricon Capital Group Inc (2%)
PJP PowerShares Dynamic Pharmaceuticals Portfolio (2%)
UHAL Amerco (2%)
TIP iShares TIP Bonds (2%)
SRCL Stericycle (2%)
BAM.TO Brookfield Asset Management Inc (2%)
PSI.TO Pason Systems (2%)
TMA.TO Trimac Transportation (1.5%)
CCL.TO CCL Industries Inc (1.5%)
PHO.TO Photon Control Inc (1.5%)
SYZ.TO Sylogist Ltd (1.5%)
ADN.TO Acadian Timber Corp (1.5%)
ACLS Axcelis Technologies (1.5%)
ENF.TO Enbridge Income Fund (1%)
LGT.B.TO Logistec Corporation (1%)
AWK American WaterWorks (1%)
SYT Syngenta (1%)
UVE Universal Insurance Holdings, Inc (0.75%)
XPLT.TO XPEL Technologies (0.5%)
VCM.TO Vecima Networks (0.5%)
QST.TO Questor Technology (0.5%)
IWG.TO IWG Technologies (0.5%)
CASH -- CASH -- CASH -- CASH (0.25%)
Does the company produce Cash consistently ?Does the company have a sound strategy to scale its Cash-producing Engine ?How efficiently does Management execute towards the strategy ?
Operating Financials.Business Analysis.
I am a CPA, CFE and have a BA in finance. I don't like to lose money.
If there are any bank stocks you would like to have regular quarterly/semi-annual coverage on let me know, I add a lot of names throughout the year but want to provide regular coverage for interested readers.