Recent Buy – Power Corp of Canada

POW

May is usually a month which sees plenty of volatility return to the stock market as traders and short-term investors tend to sell their holdings and go away for the summer. This cycle, called Sell-In-May-And-Go-Away, usually provides great opportunities for long term investors to initiate or add to positions. However, this year seems to be a pretty quiet one as well – similar to previous years, with just a bit of sell-off half-way through the month, although the bond market is seeing quite a rout in the last few weeks. The winds will surely reach the stock market sooner or later, and I continue to watch patiently. For now, I have decided to deploy a small amount of cash to initiate a new position.

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