Why this money manager is steering clear of Canadian stocks and adding U.S. banks and tech

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

The Globe and Mail spoke recently to portfolio manager John O’Connell about what he’s been buying and selling

We did quite of bit of adding to existing positions in November and December. We ran down our cash quite a bit to around 5 per cent from 10 to 12 per cent earlier in the year. We added to our U.S. bank stocks as well as to Amazon, Microsoft, Meta and Alphabet.

These stocks were down 30 to 50 per cent [from their highs] in some cases, and the valuations were very compelling. These are valuable and important businesses with long-term durability, and investors were just throwing them out the door. You have to buy when pessimism is deep.We gave up on two investments last year. One was Stanley Black & Decker Inc., which we sold in August. The company didn’t seem to be able to get a hold of its inventory issues. And there were some management changes.

We also trimmed our position in McDonald’s in November. We think it will struggle with rising prices for food and transportation and higher wages. But we still own it.My advice is to focus on why you are investing. What are your objectives? And what’s your timeframe? If your timeframe is anything less than five years, don’t invest money in the stock market. Also, don’t buy ideas – buy businesses. Think about the kinds of companies you want to own long-term and stick with them.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Lots of corps you buy are owned primarily by BlackRock and Vanguard . And they are the top leaches of the world , but what ever floats your boat

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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