Once a quarter when I get a few weekdays off, I spend some time making rebalances in my portfolio to try to focus on getting the best risk adjusted returns. I made many trades yesterday so here's a summary. Brookfield(s) -I liquidated half my $BN in my Registered accounts and bought into $BAM and $BIP-UN. -In my non registered accounts, I sold out of $BEPC and added to my $BN position. My goal is to get more subsidiary exposure in my Registered accounts and focus on just $BN in my non registered for tax efficiency. -Was I find all the subsidiaries are now at great value due to rising interest rates compressing the stock, the risk reward (and the technicals as they've all recently bounced off a major support trendlines) is largely in my favour. Gold Miners: -$FVI was sold out across my Registered accounts and added to $AEM instead as I wanted to add a more senior miner in my Registered accounts. -$FNV and $WPM were sold in my non registered accounts to add into more $FVI in my non registered. Oil and Gas -sold $NRGY/$zeo in my non registered to tilt back into $TOU, but kept NRGY in my Registered as a more balanced approach. Other: -Sold $DOL in my Registered as it was a small position and it trades expensively and wanted to free up a bit of cash for my Brookfield moves. Still holding my small position in my non registered and will add it price becomes more reasonably. Happy Investing All!
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3 Comments
Allred @nozhevoye · 16dEdited
Also secret tip for Canadians. Investing in Brookfield lets you use the money you pay in taxes that you dont even get to see start working for you. NFA
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