Recent Sell – KMI, Bonds

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A couple of sales in my portfolio recently as I try to align my portfolio closer to what I think is better for long term growth.

I sold and closed my positions in:

  • Kinder Morgan Inc (KMI). Loss = 26%
    • I’ve held KMI for a long time and held through the rough patch the company went through a few years ago. However, my capital is not only stagnant, but losing value by staying invested in this dog of a company/industry. So, decided to cut my losses & exit.
  • Bond portfolio: Sold off most of my bond holdings after some good gains, thanks to continued depression of interest rates.
    • Vanguard Total Bond Market Index ETF (BND). Gain = 8.3%
    • Vanguard Emerging Markets Bond Fund (VWOB). Gain = 23.5%
    • BMO Emerging Market Bond CAD Hedged ETF (ZEF.TO). Gain = 16%

Full Disclosure: Our full list of holdings is available here.

Recent Sell

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More sales in our portfolio as I try to save our hard earned capital instead of being blasé about it. Whether now is a good time to sell after stocks have fallen more than 20-30% from their all time highs is debatable. But having an anchoring bias to an all-time high prices & valuation is exactly the reason why I see some investors trapped and not accepting the reality.

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Recent Buy – BND

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A quick update on a recent purchase in my portfolio.

Over the course of past few months, I’ve been thinking a lot about protecting assets from the ongoing (and increasing) instability in the equity markets. I have a sizable position in defensive positions with a lot of gold equities exposure, but that comes with a lot of volatility. I wanted to provide some more inertia in my portfolio here.

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