Started to tranche into $NXE NexGen Energy today in the TFSA 👍🏻 Bought 868 shares at $13.95. They have the potential to develop the largest Uranium mine in the world. It’s a 4+ year build so the journey will be long & challenging Anything can happen so the risk/reward is high & speculative 🫣 Funded by selling 2,000 $TF Timbercreek Financial at a LOSS of $1,150 This is part of my plan to partially reduce exposure to non-bank lenders to buy hard assets. The world needs Uranium far more than an alternative lender. If we get a big market correction, my money is on hard assets surviving better. To reposition my portfolio, I’m buying bigger caps, Energy, infrastructure, select REITs, Gold and critical elements & molecules. Selling smaller caps, lenders to builders & housing, Telecoms, NatGas producers. No sense in talking about all the Shitcos out there i wouldn’t touch with a barge pole Anyone restructuring their portfolios in case we get serious Market Turbulence? 🤢🤮🤢 Happy investing
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28 Comments
Brett @birdmanbrett · 3d
Yep $NXE is an absolute gem. Construction underway now and once they get the mine fully built and optimized they will be the lowest cost producer on the planet and able to supply 25% or global demand annually. Continuing to stack shares during larger corrections
Edmund Fong@albertacrude · 3d
Yes, there is no huge rush to build these positions in Uranium. Unlike buying into oil sands producers when the war broke out Feb 28 and infrastructure started getting destroyed 👍🏻
Nicolas QR@nicoqui · 3d
I love it. Trying to dca slowly into uranium. Real bull market will hapoen after oil crisis so we have time to build
Dashnor Hasku@cankos · 3d
That is very smart move. I have 1000 units too. I sold some gold stocks and bought more enb, fts and ema. They are defensive and also pay descent dividend! I Like your posts about stocks. Very few investors now invest in stocks and everybody is after CC ETFs.
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