Investors often look for anchors and validation. In the stock market, it’s no different but investors have to be careful about their bias as we tend to look for validation around our own ideas.
I currently have a position in the bold companies in the table above. If I compare those picks with the Canadian Business picks, we have 5 matches in total – the bold items are shared between my list and Canadian Business.
- Saputo TSE:SAP
- Canadian National Railway TSE:CNRNYSE:CNI
- Telus TSE:TNYSE:TU
- BCE TSE:BCENYSE:BCE
- Shaw Communications TSE:SJR.B
- TransCanada TSE:TRPNYSE:TRP
- Power Corp TSE:POW
- Kinross Gold TSE:K
- TransAlta TSE:TA
- Bank of Nova Scotia TSE:BNSNYSE:BNS
I had Sun Life until I had to trim 2 more stocks to make it 10. No life insurance made it in but it was very close. Power Corp may actually be good to blend financial and life insurance though. 10 stocks is a tough limit… I don’t think I could limit myself to 10 stocks but it’s an interesting exercice to filter down to 10.
One of my requirements was to hold large cap companies (with respect to Canadian companies that is). TransAlta is my smallest company in market capitalization with nearly 5B$.
DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.