My Investment Portfolio as of July 14, 2019

My Investment Portfolio as of July 14, 2019

Below is a list of my holdings in my RRSP as of this past weekend. As you can see I run a narrow, concentrated and unbalanced portfolio. Some may think this is a risky strategy but I am very familiar with all of these companies. Because of this I know where every penny of mine is invested and why it is invested where it is… and consider this…All those people out there that invest in an ETF or fund that is indexed to the SP500 are running a concentrated portfolio themselves.

The SP500 is a capitalization-weighted index…That means that the biggest companies dominate the index…for example, as of the spring of 2018, Apple, Amazon, Google, Facebook and Microsoft, represented 15% of the market value of the S&P 500. This was one of the highest concentration of holdings in the history of the index. By any reasonable measure these very large cap stocks were priced as small growth companies, not mature large companies. It was hard to visualize how investors could profit from these stocks over the long-term. And something else to consider is the attraction  these mega-cap behemoths hold for institutional investors who will invest in these companies for their liquidity and not necessarily for their fundamentals. They know they won't lose their jobs if they are doing what everybody else in the street is doing.

Symbol	Market	Description	% of	Date
			Portfolio	Purchased
AIF	TSX	ALTUS GROUP LTD	4.19	2018, June
BAM.A	TSX	BROOKFIELD ASSET MGT	6.21	2018, Oct
BBU.UN	TSX	BROOKFIELD BUSN PRTNS	6.34	2016, Oct
BIP.UN	TSX	BROOKFIELD INFRA PTNR	28.48	2010, Jul
BEP.UN	TSX	BROOKFIELD RENEW PTN	13.80	2010, Jul
BPY.UN	TSX	BROOKFIELD PPTY PTNRS	8.42	2013, Jun
IFC	TSX	INTACT FINANCIAL CORP	5.32	2018, april
OTEX	TSX	OPEN TEXT CORPORATION	9.33	2015, June
SIA	TSX	SIENNA SENIOR LIVING INC	4.13	2018, July
STN	TSX	STANTEC INC	5.36	2016, Jan
SWP	TSX	SWISS WATER DECAF COFFEE	1.81	2019, Jan
WCP	TSX	WHITECAP RES INC	3.74	2019, April
BYL	TSX	BAYLON TECHNOLOGIES INC	2.87	2018, July

Investing for oneself is a very personal endeavor and every investor who decides to invest for himself will have to invest in a way that suits his own  personal mental and emotional make-up as well as his present financial situation.