Stock Picking Contest – Second Quarter Update

ETFs

Quarter two is in the books, and the Money Mechanic wants to know how his portfolio at Asset Based Life’s stock-picking contest is doing against our index fund portfolio.

First, let’s check out how the Money Mechanic is doing: He’s moving on up with a total gain of about 10.9 percent he is up to 9th place out of 18 participants, right in the middle of the pack…

How about us?

As of June 30, our ETF based fund of VUN*, VDY*, and VIU* and BPY.UN* is up 12.9 percent before the impact of USD/CAD exchange – and after the impact of the change in the exchange rate, our fund is up 16.7 percent. This includes about $1,190 of disbursements that were earned over the second quarter and reinvested on June 30, 2019.

That’s a lot better than the Mechanic’s fund but only good enough for 5th place (out of 18 participants). Given the big lead that the top 3 stock pickers have we don’t expect to get much higher, but remember we’re not trying to be world beaters here, we just want to be consistently above average.

We will check in again after the 3rd Quarter.

*Disclosure, we each already own a position in some or all of BPY and the ETFs mentioned in this article and the content of this post is our personal opinion, not investment advice.

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About the Author: The Economist

3 Comments

  1. TCL is destroying my returns 🙁

    Also the fact EVERYONE is in the green is probably a sign we should lock in some profits soon..haha

    I’m sticking with my original plan, and not selling anything – just holding for the full year.

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