Portfolio Update: Superb return!

Performance Overview: All-time high!

My portfolio has kept growing ever since the inception, now posting near 120% cumulative return and $27,500 gain over 3 years. The portfolio value is all time high.

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While the market has grown in the same period, you can clearly see that my portfolio (blue line) has outperformed the market (S&P500, Nikkei 225 & TSX60).

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MVP of the month: Gran Colombia Gold (GCM: TSX)

The biggest contributor of the return is the Gran Colombia Gold (GCM: TSX), my all time favorite gold stock since 2016. The average purchase price was near 1.65 and the stock has more than tripled since then thanks to the increased production, reduction of debt and the rise of the gold price. This is the one of the first value stocks I purchased and I have a hope that it may become my first Tenbagger stock if I’m lucky enough.

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Newest Addition to the Family: Yashima Co., Ltd. (7677: TSE)

I added some position of Yashima Co., Ltd. (“Yashima”). It’s a classic value stock whose cash amount is simply more than the market cap and the business brings in positive free cash flow. The reason of the purchase is very similar to Kikukawa Enterprise. For the record, Kikukawa tripled in price in 3 years after the purchase (click here to see the details). Yashima recently went IPO and the price has been rising ever since. I was somewhat late in the game since I have been focusing on raising my actual new family member (my precious baby Yuna, of course) but I’m happy with what I’m seeing so far.

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Experimental: Writing a Covered Call (RBC: TSX)

As I have been eerie on the market environment since the beginning of this year, I wrote a covered call (Strike price: 107, January 2020 expiry) on my 100 RBC stocks around the end of February 2018 as an experiment. It seemed like an optimal move at the time since I did not expect much of the upside of the market but I still wanted to remain long on RBC. I picked the 107 strike at that time as it was the 52 weeks high at that time. Although I somewhat regret not choosing the shorter expiry date so that I could’ve better exploited the time decay, I’m happy with the fact that I have been enjoying the 4% dividend while the price moved more or less the side ways.

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Portfolio Update: Over $22,000 gain! (Almost 100% return!)

It’s hard to believe one month has already passed since the 2019 began… Anyway, my portfolio provided quite an amazing return in January. You can see that total dollar gain (realized + unrealized) is now over $22,000 and the cumulative time-weighted return is almost 100% now!

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Even after comparing with the market, you can see how well my portfolio played in the month of January.

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I can attribute the most of the out-performance to one stock: Kikukawa enterprise (Tokyo Stock Exchange: 6346). This was a classic value play. At the time of my stock purchase, the company had 1.5 time more cash than its market cap, while being profitable. I bought the stock at JPY2,250/share (it was actually JPY225/share that time but there was a reverse split thereafter). In January, the stock price shot up thanks to an exceptional business performance (4 times YoY earnings growth).

I sold the stocks at 7,990/share since the stock price caught up with its book value. Though it is a decent business. I decided to sell the stock since I just wasn’t sure how sustainable their growth was. The stock is still going up after I sold it but it’s ok, no point of being too greedy. I am content with the 200% return (about $8,000 realized gain) and the fact that my investment thesis nicely played out.

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Also, my all time favorite stupidly undervalued gold stock, Gran Colombia Gold (Toronto Stock Exchange: GCM) started to shine as the gold price has climbed. I see that the company has been working hard on IR promotion, I even saw an ads on Youtube recently! This is a potential 10-bagger or even a 100-bagger (if gold price shots up) for me and I will probably hold it dear for over next 10 years.

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On a side note, as my positions grew larger, I am increasingly taking a defensive position. My portfolio is now over 30% cash and I have some put options on SPX and GDX, hedging for both stock market and gold price downturn. I am planning keep my defensive positions until I see the next major market downturn (potentially S&P500 below 2,100). If the market keeps doing well, my portfolio may lag the market in near future; however, I’m ok with that. It’s better to be safe than sorry. Besides, I don’t need to always beat the market. I just need to find right stocks at right price.

Curious of how my portfolio will play out or you want to find more investment tips and value stocks? You can follow/support my blogs by:

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Portfolio Update: September 2018

To be honest, 2018 has been a tough year for my portfolio. Since the portfolio reached its high in January, the return hasn’t recovered. However, I shouldn’t complain much I still hold about $15,000 gain and the return has still been higher than the S&P500.

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My portfolio return vs S&P500.

My portfolio return vs S&P500.

While my portfolio still beats the market, the gap has been narrowing since January.

Portfolio Position Summary

Portfolio Position Summary

What’s interesting is that while Japanese stocks have been performing quite well (from 80% - 200% gain), the returns of Canadian stocks have been somewhat mediocre. I wonder if this could be because I have a competitive edge analyzing Japanese stocks or I simply bought the stocks at a good timing. I suppose time will tell as the timing of purchase will matter a lot less in the long-term.

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