November 2020 Edition by Linda Hasler
Our meeting on November 10th was quite successful with 15 attendees. We had good discussions regarding our holdings and made many decisions to strengthen our portfolio going forward. A summary of our meeting and decisions made are as follows:
Discussions
Increase our holdings in renewable energy. Although we will have about 10% of our portfolio in utilities, we agreed that it is a growth industry. Tim’s recommendation “Fish where the fish are”. We agreed to increase our holdings with the purchase of Algonquin.
We will hold NFI Industries for the time being. Eric is going to review it.
5G – We are collectively to acquaint ourselves with 5G for future investments Tim sent us some links today to help us increase our knowledge.
Look at what has been hit by CoVid-19 i.e. Air Canada, Cruise lines
What effect will the following have on us and society as a whole. Look at many factors such as volatility with ongoing pandemic. Climate change and its effects on our future. Look for good quality investments to carry us through. Can we depend on the government to bail us out and continue to print money. What happens to downtown properties?
Decisions Made
Buy
Canadian Apartments REIT (CAR.un) – Buy $15,000 value
Emera – Increase holdings up to $10,000 from $5,300
Algonquin – Buy 200 shares
Sell
Shopify – Sell 57 shares, keep 20 shares
Artis REIT
Brookfield Properties REIT
Choice Properties REIT
RioCan REIT
AltaGas
Hardwood Distributors
Recommendations – No decisions
Buy Granite (GRT.un) – industrial properties
Buy Gold – 5% of portfolio
To Do – Report at January Meeting
Jim to research gold stocks – Barrick, Kirkland Lake, Pan American
Linda – Enbridge and Interprovincial Pipelines
Nancy – Bell and telecom
Eric – Review NFI
David – To add stock symbols to portfolio report
We have certainly increased our cash position so we will be in a position to buy some new finds.
Our next meeting will be on January 12, 2021 via zoom. We look forward to seeing you then.
Probus Club of Kingsway-Islington 