December 28, 2017

On Thursday, the S&P 500 was up 0.2% and Toronto was up 0.1%.

RioCan was down 2.8% to $24.69 and is an investment that I would consider for income particularly in non-taxable accounts since REITs are not eligible for the dividend tax credit.

Fortis Inc. is updated and rated (higher) Buy at $46.18. This arrears to be a low-risk investment that is trading at a reasonably attractive price. I intend to buy some Fortis Inc. shares.

Cannabis Stocks: I will have to admit to missing out on this investment in 2017. These stocks are mostly not yet at the stage where they have positive earnings or even much in the way of revenues. Their valuations are based on expected future earnings and sales. These types of companies are simply not a good fit for my analysis methods. It remains to be seen if future sales and earnings can justify their current share prices. If I held a large gain on these stocks in terms of percentage and especially if the gain was large in terms of dollars I would certainly sell at least some of the position. These stocks are heavily traded and so most (but not all) investors probably have harvested gains along the way.

 

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