April 4, 2024

On Thursday, the S&P 500 fell sharply in the later part of the day and ended the day down 1.2%. Toronto was down 0.3%.

Dollarama was very strong with a 10% gain after posting strong earnings and boosting its dividend.

lululemon was down 4.4%.

Given the pull-back in Costco I have bought back the shares I sold recently. Perhaps I should have waited and hoped for a bigger pull-back but if that happens I will buy more, funds permitting.

I also added a little to my Starbucks position as the price dipped.

I’m hoping to be more concentrated in strong companies like Costco and Starbucks and Visa and Dollarama and others as time goes by. Shopping in the bargain bin (Melcor) has not worked out well in recent years. And in most cases my U.S. investments have done better than the Canadian ones, although there are certainly some real gems in Canada as well.

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