My Top-5 Stocks

My Top-5 Stocks

Over the years of running this site, I have received numerous requests to share everything in my portfolio. For today’s post, I will reveal a bit more to help other DIY investors out since they are curious: what are my top-5 stocks?

Read on!

My Top-5 Stocks

As I approach 15 years as a DIY investor, a hybrid investor no less, we inch closer to some major financial independence dreams.

I recently referenced those two major goals in a recent post:

1. Own our home.

  • Our mortgage will be gone in seven months. 

2. Beyond two workplace pensions, beyond our future CPP or OAS benefits, beyond any future part-time work – another big goal was for us to own a $1 million dollar investment portfolio for retirement.

  • We’re now working beyond this second goal to tally meaningful income from our portfolio – income to ideally cover our food, shelter and basic expenses such as utilities for life. Here is our latest income update:

August 2023 Dividend Income Update

I believe our hybrid investing approach has been both very successful and very simple over these 15 years, an approach I believe many investors can easily replicate with some personal tailoring for solid investing results:

A bias to getting paid – my top-5 stocks

With a bias to getting paid and being rewarded to be a long-term shareholder, I find myself gravitating to a few stocks in particular. 

Before sharing my top-5 stocks, some highlights why DIY investing along with dividend investing works for me.

1. Fees are forever.

“With investing, you usually get what you don’t pay for.” – My Own Advisor

Based on all the informtion available today, to buy an index fund or funds, I believe you don’t need a financial advisor nor money manager involved because even passive money management by someone else on your behalf could be considered a wasted cost.

2. I/we control the portfolio.

Ultimately nobody cares more about your money than you do.

I run my site to help pay forward my successes but also share what’s not working. There is never any cost for any blogpost content or to reply to any comment on this site. You are welcome to agree or disagree with my approach – all opinions are always welcome. 🙂

Given I control our portfolio, I feel I can manage our investments aligned to our objectives. A reminder about my free e-book below:

  • Book introduction: Spend less than you make.
  • Chapter 1: Save and invest the difference. Invest in mostly low-cost products. Consider diversifying your investments including stocks from different sectors as you wish!
  • Chapter 2: Avoid active trading. Celebrate falling stock prices – buy more when stocks fall in price. 
  • Chapter 3: Disaster-proof your life with insurance, where needed, to cover a catastrophic loss.
  • Book conclusion: Rinse and repeat for the next 30-40 years. 

That’s the basics within 80,000+ personal finance books in just five bullets.

As a DIY investor I believe you have some powerful decisions most money managers will never possess:

  1. You can decide to stay the course/avoid trading but the fund manager cannot since he/she has to demonstrate their performance and value somehow.
  2. You can decide when to celebrate lower prices to get your stocks on sale without manager, director or VP scrunity involved.

To paraphrase the index investing community, with no way to consistently identify skilled managers ahead of time, it just doesn’t make sense to believe that you have a good chance of finding a money manager who will best a basic index fund over the long haul. 

There are simply too many low-cost, diversified, easy-to-own ETF choices to build wealth with. As a DIY investor, you don’t ever have to pay someone else to do your work for you.

In the spirit of going it alone, doing it yourself and being accountable for your own results, I feel my hybrid approach offers the best of both worlds:

  • In Canada, we own many of the top performing stocks for income.
  • Beyond Canada, beyond a few U.S. stocks, we use indexed ETFs for extra diversification.

We fired our money manager years ago and have never looked back…that approach might work for you too. 

Without further delay, here are our top-5 stocks in our portfolio by portfolio weight (excluding any ETFs) current to the time of this post. 

My Top-5 Stocks

1. Royal Bank (RY)

Royal Bank of Canada (RY) is our biggest bank by market cap. Based on recent reports, you could make an argument with inverted yield curves (i.e., short-term bonds have higher yields than long-term bonds) and with recession talks on the horizon, maybe now is not the time to buy and continue to hold RY.

I’m certainly not saying that. RY is one of our largest stock holdings. 

From May 2023, while RY missed on earnings I did like the following: $13.6 billion in revenue, up 20%.

I’ve owned RY for many years – profiled here.

Here are the returns compared to one of my favourite low-cost ETFs (XIU) for comparison:

Royal Bank September 2023

All images/sources with thanks to Portfolio Visualizer. 

2. TD Bank (TD)

Almost always bank #2 by market cap behind RY, TD continues to sit on lots of cash after it cancelled its planned US$13.4 billion acquisition of First Horizon, a U.S. regional bank. This cash float might be very helpful to weather any impeding market downturn/mild recession on the way.

Like RY, we own TD for dividend growth and capital gains. 

I’ve owned TD for many years – profiled here – as early as 2009. 

Again, returns for comparion purposes:

TD Bank September 2023

3. Fortis (FTS)

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers.

Last time I checked, just like people need to bank or borrow money (see the desire for us to own banks!) folks love electricity and power.

I own FTS for the boring dividend income delivered to shareholders coupled with some capital gains. In fact, Fortis has generated stable cash flows over its history underpinned by steady growth in customers and regulated rates, which should continue to translate into predictable income for investors in the coming decades as well. 

I also personally like the Fortis transition out of coal; management has been very clear on this, with a plan to be coal-free by 2032 with higher investments in energy efficiency, renewable gas and use of hydrogen, low carbon transportation, and LNG too. 

I started my ownership in Fortis also back in 2009. You can read about that here.

Again, returns for comparion purposes:

Fortis September 2023

4. Telus (T)

Our market operates in an oligopoly, meaning there are a few dominant players controlling the market. We see this in banking, utilities, and it continues with our telco industry. 

Historically, Telus focused on cable, wireless and internet capability but over time, has evolved into healthcare, home security, and more with many subsidiaries. As a shareholder, I like company growth and expansion – and want to see that. 

Like other companies that have become our top-stocks by portfolio weight, I started my ownership in Telus many years ago.

You can read about that here.

Again, returns for comparion purposes:

Telus September 2023

5. Bell Canada (BCE)

Like Telus, I enjoy the dividend income and dividend increases from BCE but we don’t see too much capital appreciation over time – so Bell is very bond-like in many ways. 

This is a great reminder to readers that while dividends are nice and of course growing dividend income is great, I also believe it’s important to invest for growth as well since any dividend, as good as any company may be, could be reduced/cut.

The reality is with an individual stock selection is every stock probably seems like a great decision, until it isn’t.

I’ve linked to my Then and Now series with BCE here. 

Again, returns for comparion purposes:

BCE September 2023

My Top-5 Stocks Summary

You’ll notice a few things in this post.

1. All top-stocks are Canadian companies. The reason why is because I started my DIY investing journey 15 years ago with buying Canadian companies and slowly unbundling my existing funds for income. I have since, slowly, been diversifying our portfolio away from just Canada. 

Read on here and here:

Reader Questions – How I built my dividend portfolio

And…

Lessons learned in diversification – reducing my Canadian home bias

2. I make no mention of U.S. stocks. The same diversification reason applies although I have and do own a few U.S. stocks in our RRSPs, for now, as I index invest there more. 

Another takeaway is this: Our investing approach remains simple:

  1. Buy and hold many Canadian (and some U.S.) stocks for income and growth. 
  2. Buy and hold low-cost ETFs for the rest of the portfolio. 

And finally, I also want to be clear: when in doubt about any individual stock selection, just index invest.

Buying and holding some low-cost equity ETFs are likely to do wonders for your wealth-building power combined with a high savings rate over time. 

With any investing approach, only you can decide what is right for you, based on your goals, based on your investing style and matching your behavioural temperment.

Moving forward, I will refresh this post (maybe every year?) to share what portfolio changes have occurred and why as I work through any retirement income planning.

Until that updated post, these are our top-stocks that should deliver meaningful income but also some collective price growth.

What top-stocks do you own in your portfolio? Why? Do any low-cost ETFs make up the bulk of your portfolio? If so, why? Happy to read all comments below. Send them along!

Happy investing.

Mark

Notes: 

  1. Charts above are for illustrative purposes. I have benchmarked each stock against one of my favourite low-cost ETFs in Canada: XIU (due to the blue-chip holdings XIU has). When in doubt, consider XIU for your Canadian portfolio. No stock selection required and you’ll bound to earn great long-term returns. 
  2. None of these individual stocks are recommendations for purchase. 
  3. You can backtest some of your stocks and ETFs using Portfolio Visualizer. A free tool. 
  4. I recognize my hybrid investing approach (stock investing coupled with low-cost ETFs) might not appeal to everyone. All good. When in doubt, do consider just low-cost ETFs. You can own a world of stocks in just one ETF these days – see my link below. This way, you can still invest on your own, own a world of stocks, while saving big money avoiding advisor or money manager fees. My hope is that no money managers nor advisors were harmed by my comments. 

The Best All-in-One Exchange Traded Funds

Mark

My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.

60 Responses to "My Top-5 Stocks"

  1. Nice on Mark as always,
    Please do a write on this one
    1. Own our home. Our mortgage will be gone in seven months.

    How long it took you to pay it all off, what mortgage product you choose , what kind of saving rate you had to figure out how much to pay down your mortgage etc etc.

    Congrats on being Mortgage free in 7 months Good luck.

    Reply
    1. 6 months now! 🙂

      I will make a note and include that in a future update…stay tuned.

      The short answer is, we’ve been “at it” for 10+ years. Started close to $400k and kept a decent savings/paydown rate accordingly.

      Mark

      Reply
  2. Hi there – I’ve recently found your website and it’s been hugely helpful as I start to take control over my investments. I’m in my mid 50s and have historically had one of the big banks manage all of my finances, as I had very little interest in it. After reading, Beat the Banks, and then finding your website, I’ve now realize that I should have taken more interest in my own finances and I’m now starting to convert everything out of the banks into self-directed index investing. The vast majority of my investments are in a non-registered corporate account because of my profession and advice I have received from my accountant to minimize taxation by taking money out of the corporation for the sole purpose of investing in registered accounts. So 80% of my investments are in the corporate non-registered account with 20% of my investments in a combination of RRSP/LIRA and TFSA. Given all of the issues with capital gains in the non-registered account and foreign withholding tax, the advice I’ve been given is to only hold Canadian investments and specifically either Canadian dividends stocks or Canadian high dividend ETFs in that account. This therefore makes my portfolio 80% weighted to Canada. This makes me a little nervous that my portfolio is not adequately diversified. I’m just wondering what kind of advice you have for people where the majority of their investments are held in a non-registered account. Thank you very much for your thoughts.!!

    Reply
    1. Hi Jennifer,
      My portfolio is 78% US stocks, 9% Cdn, and the rest are Japan plus Europe minus UK. I am light on the Cdn side, and you have mentioned your concern about concentration in Canada. I have found that when I venture into Cdn stocks, I just don’t do as well as I do with US companies. I pay a penalty in that I don’t get the Cdn dividend tax credit but I still find it better overall esp. only half of Cap Gains are taxed. Not a suggestion, of course; the above just to share. All the best in your company and in your investing adventures. (I too found self-managed folios better than having a “professional”. (“No one will care as much about our money as we will” is a good quote– one I learned a little late). Adam

      Reply
      1. Thanks for your reply Adam I appreciate the input. As I try to do more reading and ask lots of questions I’ve gotten mixed responses regarding how to diversify my portfolio in a way I can “live with”. One argument has been that there is some data to suggest that Canadian equities are expected to outperform the US for the next few years (assuming anyone can predict) and maybe I shouldn’t worry so much about my overweighting to Canada but I do worry. Your approach is certainly something to think about and maybe paying a bit more in tax will be outweighed by better performance of the portfolio. Something definitely for me to think about. Thanks again!

        Reply
      2. Thanks very much for the share, Adam.

        Certainly the U.S. market has historically performed better than our TSX/Canadian market. I don’t see too many reasons why that won’t exist long-term as well in the future. We’ll see?!

        (Totally agree with the quote of course!) 🙂
        Mark

        Reply
    2. Never too late, Jennifer!

      Thanks for finding my site, it’s been fun to run and I’ve had Larry on this site a few times in fact..
      https://www.myownadvisor.ca/beat-the-bank-simply-successful-investing-from-larry-bates/

      I’m biased, but I’m a big fan of self-directed investing – been doing it for years.

      If you’re using a non-reg. corporate account, I would agree with your accountant that Canadian dividend paying stocks might be more favourable, and/or stocks that do not pay any dividends at all. There are major benefits with capital gains in that they are not realized until you make those sales.

      Some tax efficient ETFs can be found using some Horizons products/low-cost ETFs and I would be curirous what your accountant thinks about that.

      https://horizonsetfs.com/education/an-introduction-to-horizons-total-return-index-etfs/

      Personally, I own Canadian dividend paying stocks in our taxable accounts (x2), some Canadian stocks inside our TFSAs (x2), and anything inside our RRSPs (x2) include more Canadian stocks, U.S. stocks and some low-cost ETFs.

      Happy to share more details.
      Mark

      Reply
      1. Hi Mark — thanks so much for the reply. Currently my accountant likes: XDIV for my non registered account (all of it in that one fund) as well as my TFSA and then VFV for my RRSP/LIRA. Makes me a bit nervous to have so much of my investments dependant on 20 stocks. Was thinking maybe adding XIU in my non registered account as well. He would ultimately advise me to get rid of ETF’s all together for canadian holdings and just own stocks but that might be a bit more complicated (in terms of keeping it balanced) than I currently want to deal with. I like the idea of passive index investing but as my financial literacy improves maybe I’ll eventually get there. I’ll look into the Horizon ETF’s that you’ve linked as well.
        Much thanks for your reply and any other thoughts about the above you might have. Your website has been such a help!!
        Jennifer

        Reply
        1. Totally understand: “Makes me a bit nervous to have so much of my investments dependant on 20 stocks.”

          I own about 30 or so in Canada, a few in the U.S., then I index invest.
          https://www.myownadvisor.ca/dividends/

          https://www.myownadvisor.ca/etfs/

          If you own XIU, you won’t need XDIV for sure. XIU is also very tax efficient – meaning, dividends qualify for the dividend tax credit. Something to talk to your accountant about.

          Even more tax efficient are the Horizons ETFs but again, not a must. The reality is, Canadian ETFs or Canadian stocks that pay little to no dividends are tax-efficient in a taxable account. 🙂

          I appreciate the kind words about the site!!
          Mark

          Reply
  3. Hi Mark,
    I am a big fan of your blogs and comments. I wonder what is your position on covered call ETFs? There are some big managers providing those and it has worked for me far last few years…BMO has good sold names. Would appreciate your analysis, please.

    Reply
  4. Lloyd (63, retired at 55) · Edit

    “Higher/modest inflation is here to stay for a few years I think. Maybe into 2025. We need to plan for it.”

    You should do an article on people’s inflation attitudes. It would be interesting to see various takes on what effect people believe inflation has on them personally, and what if anything they have done or might plan to do. I know it can be a fiery topic at some morning coffee klatches.

    Reply
    1. Ha, yes, it could be an interesting topic. Might do a poll on that 🙂

      I know I’m buying more energy (stocks) over time to help combat inflation and trying to remain invested in stocks overall as well although I do hold more cash/cash ETFs than before because the yield is better.

      Mark

      Reply
  5. Hi Mark,

    I’ve owned shares in Fortis since 2005, and let me tell you, with Canada’s inflation rate running at 4%, I wasn’t happy with the recent announcement from FTS of a measly dividend increase of only 4.4%. Not happy at all.

    Hardly anyone seems to talk about the fact that in August, Capital Power announced a dividend of 6%, highest of any of the power utilities this year. Luckily I own shares in that one too.

    Ongoing, while high inflation is still with us, I’ll be looking to add to Canadian companies that offer higher dividend growth.

    Reply
    1. Yes, I also own CPX. Higher/modest inflation is here to stay for a few years I think. Maybe into 2025. We need to plan for it.

      What is on your buy list? 🙂
      Mark

      Reply
  6. hi Mark my largest holding are CNQ, TD, ABBV, RY, and PEP. The stock which gives me the most grief is ENB as the debt is very elevated and concerning i dont think the 7.79 dividend is sustainable.
    Thank you for the article

    Reply
    1. Thanks, David.

      Yes, I think ENB will need to cut their dividend. Not great but dividends are never guaranteed for sure…

      I meant to add, that CNQ is also a top-stock for me just not in the top-10% by portfolio weight but getting close!
      Mark

      Reply
      1. Hi Mark, what are your thoughts on BCE? Do you feel it’s in the same boat as ENB in terms of dividend cut? Seems to have taken a real beating lately.

        Thanks for the great blog!

        Reply
        1. It will be interesting, could be dividend cuts for both, which could bad of course for folks heavy into both companies but maybe the best thing for the company? Each company? That’s all that matters!

          Reply
  7. Mark,
    My top five stocks, based on portfolio $ capital weight are: EIF GSY FTS CNQ NA
    FYI, I normally track and balance my portfolio by income. That basically translates into: the lower the yield the greater the portfolio $ capital weight. EIF is, by far, my largest holding in capital and in income weighting because I’ve held it since 2009.

    Reply
    1. GSY has been flying in recent years. Nicely done. I own a bit of EQB and it is my hope they continue well too.

      I track portfolio %, income/dividends paid by stock, and other metrics in my portfolio spreadsheet to ensure any one stock stays around ~ 5% weight and not too much more. Sure, from time to time, some winners “run” over that amount but I rebalance a bit to buy some indexed ETFs and other stocks lagging in price. I am likely to buy more indexed ETFs for my TFSA in 2024 but I have a few months to figure that out.

      Does EIF pay an eligible dividend? I think so, right?
      https://www.exchangeincomecorp.ca/dividend-history

      Might be a candidate for our taxable accounts in the future….

      Also, anything on your watchlist?
      Mark

      Reply
  8. Hi Mark,
    Re: (2) Your $1M goal:
    What $ monthly income are you expecting from your $1M portfolio. Is the $1M strictly your total investment portfolio capital or have you factored in and included any other investment streams?

    Reply
    1. Great question. I don’t really know? 🙂

      Well, I do, a bit.

      I figure that $1M portfolio should yield about $30k-$40k per year from my mix of dividend growth stocks and cash alternative ETFs as well fairly easily. I will need part of the portfolio to live from in the coming 1-2 years along with desired part-time work.

      My plan is to “live off dividends” in the early years of semi-retirement as I hopefully scale back from full-time work. That would be ideal for a few years as part of any transition to retirement.

      To answer the other part of your question, I will have other income streams in full-on retirement.

      In addition to the personal portfolio we will have my small workplace pension (in my mid-60s), my wife’s LIRA > LIF eventually from her workplace (in her late-50s), and then x2 CPP + x2 OAS (taking both at least age 65 or later in our 60s).

      Thoughts?
      Mark

      Reply
    2. Hi Bernie (Sept. 26, 22h40)

      If it’s a $1M lump sump that you would invest right now, you could get around $30K in the US market. In the canadian market, a portfolio with financials, telecoms and utilities could easily provide a $40K to $50K income.

      Now, if you invested over the years (25+ of contributions and reinvested dividends), you could have achieved the same income levels with about half the capital.

      Reply
      1. FWIW, I think if I tilted my/our portfolio to just dividend paying stocks, at current yields, yes, $1M invested could likely very much yield $45k or so per year without ever touching the capital. The reality is, I do own some lower-yield stocks and ETFs in my portfolio so the yield isn’t always 4-5% from the capital invested.

        I continue to think any investor or couple that could amass a $1M portfolio, even without government benefits; without any workplace pension(s) but assuming they have no debt could have an enjoyable retirement if they are nearing traditional retirement ages (i.e., age 60 or older).

        How is your investing coming along, Alex?
        Mark

        Reply
        1. Hi Mark,

          I didn’t state it explicitly, but I meant a 100% DGI portfolio. I have a mix of medium yield/medium growth and low yield/high growth Canadian and US stocks. I don’t hold ETFs.

          I’m doing DGI for 25 years so even my initial low yields stocks (mainly ATD, CNR, MRU, MA, MSFT, V) are now returning over 4% on the invested capital (YOIC). My global YOIC is around 6.5%.

          I retired two years ago (early 50s), so no more contributions to RRSP and non-registered accounts. The YOIC for these two keeps growing organically.

          Reply
      2. Yes, $1M can provide $55 in dividends. Our all stock portfolio yields 5.65% right now. And that includes holdings of BRK>B and CSU (10% of total portfolio) that don’t pay much in dividends. We have never thought of re-balancing. In the past when CNR and Metro were high we converted these lower paying companies into higher yielding ones for more income. Retired now for over 5 years and not making any changes.

        Reply
    1. Those seems to be very solid as a collective, Ross! Definitely a fan of CNR, ATD (and CP and WCN as well) as lower-yields but higher growth stocks – would only like to own more of those stocks!

      Reply
  9. I have always been an indexer with ZSP, XIU, VXC and ZAG as my main core (VOO on US side) but then followed you Mark and got excited about the hybrid approach. I bought TD and T and both have taken a slide down hill lol but I understand I bought at the higher end. I love FTS and continue with my few stocks to compliment my ETFs. Thank you Mark for sharing your financial journey, you’ve been one of my favourites to follow. I’ve learned a lot from you.

    Reply
    1. Thanks, Candy!

      I remain a fan of low-cost ETFs, just that I’ve happened to unbundle my Canadian ETF to focus on income from the stocks directly.
      https://www.myownadvisor.ca/have-you-considered-unbundling-your-canadian-etf-for-income/

      TD, T, FTS are all very much down this year but I will continue to own them since if my top-5 stocks struggle, many other companies will too and those companies make up part of the backbone of our stock market – likely will for decades to come.

      Most welcome for sharing and let me know if you have any questions I can help answer! I appreciate all readers and questions.
      Mark

      Reply
  10. Lloyd (63, retired at 55) · Edit

    I’ll put the top five stocks amongst the top holdings so it shows where they are in the bigger picture….

    41.14% GIC/HISA
    19.50% XEI
    11.25% XDIV
    3.85% CM
    3.58% PPL
    3.41% XIU
    3.14% ENB
    2.95% BCE
    2.65% REI

    (hopefully the cut and paste works)

    Reply
      1. Lloyd (63, retired at 55) · Edit

        I don’t have a specific separate number on the HISA. I lumped TDB8150 (4.55) into that along with just the savings account at Hubert (3.6) for the summary on the spreadsheet. Probably should have just called that cash though.

        Also, some GICs are in sheltered accounts and a few are not. Every couple of months I’m renewing some kind of GIC somewhere so they’re all climbing into that 5% area. Still have a few that are in the 2% range. Another year and a bit and those will all be renewed as well.

        Reply
    1. (RBull) deane hennigar · Edit

      Well done Lloyd. My largest holding(s) would also be HISA/GIC but only about 20% here. Haven’t calculated exactly but I estimate my avg is about 4.5% now, and same thing is regularly rising with renewals.

      Reply
      1. Lloyd (63, retired at 55) · Edit

        Thx RB. If someone had told me ten years ago I’d have such a quantity of non-equity holdings I would have laughed. Fixed income was not a big player in the early “plans”. And sure, the rising rates over the past year and a bit has done wonders for the “income” generated. But I ain’t gonna kid myself, those rates can, and will likely, fall at some point. But for the next 4-5 years, I’m okay where things are and the future will be what it is.

        Nice talking to you.

        Reply
  11. (RBull) deane hennigar · Edit

    Great share Mark, and also a great plan.

    My top 5 stocks currently are:
    CNQ
    RY
    ENB
    TD
    BIP
    The next 5 on my list are tightly clustered to the 4th and 5th one.

    Reply
  12. Two comments on tech, Mark

    As I imagine you’ve heard said before, “it’s a market of stocks, not a stock market” so I tend to look at specific opportunities. Valuation is important to me. Some of my holdings are definitely selected on low valuation – GWO was one of those a year ago. But my long term winners are great companies bought at fair prices (not steals). And I would add that specifically in tech, it pays to use a variety of valuation approaches that make sense based on what stage of growth the business is at. Lots of variation in tech.

    Secondly, tech valuations often appear high looking at the present day and what is known. But tech is one of the industries where a lot of “unknown” or uncertainty can be in play and not priced in as the business can grow their TAM on a regular basis. It’s true that some companies are better at this than others. So it helps to understand the leadership mindsets and values at play in specific tech companies. AMZN is the ideal example of a business that has grown its TAM for decades. So in terms of my first comment, AMZN – although a monster size of a company – should not be evaluated like a mature business.

    Reply
    1. That’s very fair.

      I’ve owned GWO for some time and figured I should continue to own it as rates were to eventually move higher. Same goes for SLF.

      Tech valuations seem a bit scary. “AMZN is the ideal example of a business that has grown its TAM for decades.”

      I figure they will continue to do well, over time, but not without some form of correction. It’s bonkers to me that tech runs the S&P 500 now but it’s a voting machine per se.

      Thanks for your follow-up(s)!
      Mark

      Reply
  13. My top holdings are….. ZUQ US High Quality ETF at 55% of my portfolio. For top 5 Canadian stocks, I like more dividend growth stocks for the long run. In order from top is ATD, RY, BN, NA, CNR, and then smaller allocations to TFII, WCN and CCL.B.

    Reply
    1. I think lower-yielding and higher growth stocks could serve many DIY stock investors very well for the coming years. I also own ATD, CNR along with some Brookfield too. Big fan of WCN. Need to buy more of that too…

      Anything on your buy list this fall/winter?
      Mark

      Reply
  14. Thanks Mark, we are Berkshire Hathaway, Apple, RBC, TD, Telus.

    In my wife’s account I could add to Lowe’s all day. Looking to take that to the top overweight as well.

    Of course, Canadians should hold a generous amount of U.S stocks – that’s where they keep the growth, and we get that currency protection.

    I’m not running from Canada, but we have had negative GDP growth per capita for a while.

    Some call that a recession.

    Reply
    1. I think we’re headed for a mild recession in 2024. I don’t see how we avoid that with inflation and higher rates that need to be absorbed by many Canadians.

      I will continue to invest in the U.S. market but I find tech very frothy to say the least right now. Not sure those returns are sustainable there either? I could be wrong of course!?

      Great stuff on BRK.B and others.
      Mark

      Reply
  15. Mark, I enjoy your posts because we are at a similar stage of life with similar plans and approaches. I am slightly ahead on the path having already started the pat time work combined with melting of assets and your posts serve to sharpen my own thinking. My top 11 holdings represent core holdings making up approx 50% of the total and do fluctuate a bit at the bottom of the list but currently are: AAPL, GWO, MSFT, T (Telus), V, ATD, BTI, NA, CNR, AMZN, AVGO. The portfolio has a current yield of approximately 4%.

    Reply
    1. Thanks, Glenn.

      We also own a few of those names too: ATD, NA, CNR, GWO. I own some QQQ for a tech-proxy but I might buy some AMZN for my TFSA next year along with some low-cost XAW. Not sure yet. Tech just seems overly priced and inflated??

      I believe you list of stocks is outstanding.
      Mark

      Reply
  16. Thank you Mark for sharing your top five equity holdings. Ours are CNR, TD, BNS, BCE and FTS. These are core holdings purchased decades ago with many dividends reinvested and some additions as we went along. I have been retired for 15 years now and have continued to build a larger margin of income safety. We also hold a fair emergency/ cash fund. At this point, we are well able to assist our children with their housing needs and our grand children with their education. Having a long term, dividend focused, core quality portfolio has been a very solid, rewarding approach to our investment process. Chose well, reinvest some dividends and benefit long term. We also hold about 20% of our portfolio in USA/ International type stocks; the largest positions being JNJ, BRK.B, SYK and PG.I feel our portfolio is “bondified” and will continue to serve us well into the future. Mike

    Reply
    1. Mike, outstanding 🙂

      “These are core holdings purchased decades ago with many dividends reinvested and some additions as we went along. I have been retired for 15 years now and have continued to build a larger margin of income safety. We also hold a fair emergency/ cash fund.”

      Exactly where I/we want to be…so hopefully we can catch up to you! 🙂

      I love reading these comments.
      Mark

      Reply

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