November 5, 2011

I have updated the composition of my personal total portfolio. I wanted to see in particular what my cash position was. It’s 19% and I would not mind seeing it go somewhat higher. I have no fixed income. With no fixed income, a reasonable allocation to cash provides some stability to my portfolio and allows for buying on dips in individual stocks or the overall markets.

On Friday, the S&P 500 was up 0.3% while Toronto was about unchanged.

Bombardier was up 6.1%. Fortis was up 1.4%. CRH Medical was down 15% on Toronto as previously noted.

Melcor released Q3 earnings on Friday and I will be taking a close look at that report today. At a first look, the results look good and the company appears to be optimistic.