Risk Management October 17, 2017

I am in a mood to trim a few positions today because my cash position is low and it is always good to have some cash for opportunities or withdrawals and because U.S. stocks have been going up quite steadily for almost a full year now and are up 22%. In Canada the index gains have been smaller and more volatile but it is still up 9% from the lows of about a year ago.

There are stocks that I have bought somewhat aggressively on the way down. So, given that and given a desire to raise cash, it seems reasonable to trim some positions which are up significantly from their lows. I am trimming just a little of my Canadian Western Bank, Toll Bothers, Boston Pizza and TFI (Transforce) and also sold about half of my Bombardier preferred share position.