As you can see from my last networth statement I’m very heavy on the cash side with about 20% of my portfolio in money markets (yielding about 3.4%). This is a position that I hate to be in. Ideally, I’d like to be 95% invested (keeping 5% of my powder dry for buying opportunities) but I just can’t find anything that I consider to be good value (especially in Canada). Most sectors seem to have historically high valuations right now (financials, utilities, telecoms, oil/gas and generally I don’t invest in either Canadian tech or medical companies because I think there is better value elsewhere). So where am I going to be looking for value in the coming month? Well here is a list of the stocks that I’m going to be reviewing over the next couple of days/weeks/(hopefully not months). As you can see most are boring old tried and true blue chip stocks. Some I’ll be waiting for a pullback, while others I will just be following and deciding if they are worth investing any capital into at current levels.
TLM <=hope to buy on a 10% to 15% pullback
MMM – purchased recently
TEVA – US
GE – US
FDX – US
UPS – US
I am also taking a look at a recently launched global mutual fund managed by James O'Shaughnessy (not to be confused with his international fund).
I might not be able to spot anything of value right now but… if you think you have leave me a comment or send me an email at firstname.lastname@example.org and I’ll get back to you with my thoughts and opinions.