You have power over your mind – not outside event. Realize this, and you will find strength. – Marcus Aurelius
December capped off a most satisfactory year of healthy double-digit gains across the model portfolios. Nearly every one of our companies continue to make new highs into year-end, setting up for a good start to 2022. We own a collection of high-quality and well-managed businesses generating ample amounts of cashflow and growth diversified across growing sectors. With the strength of these businesses, and in light of accommodative economic policy, we remain optimistic on our 2022 performance.
Looking back on the year that was, I am pleased with how we navigated the many uncertainties surrounding inflation, interest rates, the usual ups and downs, and, of course, covid. Your team at Stonehaven and Wellington-Altus remain dedicated to bringing our “A” game every single day to meet your investing and financial planning needs. Thank you for placing your trust in our team and for your continued support. You inspire us to keep working harder than ever.
Model Portfolio Highlights
Growth Portfolio
In December we gladly added to our Dollarama position, and reestablished a stake in real estate advisory Colliers Group.
American Growth Portfolio
We took advantage of some mid-month December volatility to buy a new position in utility company National Fuel Gas, serving the Northeastern United States.
Income Portfolio
We made no changes to the portfolio in December. Dividend paying stocks and REITs continue to be in favour.
Small Cap Portfolio
We pruned the portfolio this month, taking advantage of volatility to lock in gains, set off some losses, and position into some new stocks. We purchased a split-share corporation owning blue chip Canadian financials, which is well-positioned to gain from dividend increases and buybacks. We also purchased a fertilizer company that’s growing like a weed.
Across all portfolios we look for mispriced opportunities, considering only those with a significant margin of safety and minimal risk of permanent capital loss. After identifying such opportunities, patience is the most important factor in realizing our expected long term return.
If you have any questions about your portfolio, financial planning or investments please be in touch. Click to book a meeting: https://calendly.com/bwk-wapw
Thank you.
Yours,
Ben
Ben W. Kizemchuk
Portfolio Manager & Investment Advisor
Wellington-Altus Private Wealth
Office: 416.369.3024
Email: bwk@wellington-altus.ca
Book a meeting
Ben Kizemchuk offers full service wealth management for high net worth Canadians including families, business owners, and successful professionals. Ben and his team provide investment advice, financial planning, tax minimization strategies, and retirement planning.
Market Commentary
January 2022 Update
You have power over your mind – not outside event. Realize this, and you will find strength. – Marcus Aurelius
December capped off a most satisfactory year of healthy double-digit gains across the model portfolios. Nearly every one of our companies continue to make new highs into year-end, setting up for a good start to 2022. We own a collection of high-quality and well-managed businesses generating ample amounts of cashflow and growth diversified across growing sectors. With the strength of these businesses, and in light of accommodative economic policy, we remain optimistic on our 2022 performance.
Looking back on the year that was, I am pleased with how we navigated the many uncertainties surrounding inflation, interest rates, the usual ups and downs, and, of course, covid. Your team at Stonehaven and Wellington-Altus remain dedicated to bringing our “A” game every single day to meet your investing and financial planning needs. Thank you for placing your trust in our team and for your continued support. You inspire us to keep working harder than ever.
Model Portfolio Highlights
Growth Portfolio
In December we gladly added to our Dollarama position, and reestablished a stake in real estate advisory Colliers Group.
American Growth Portfolio
We took advantage of some mid-month December volatility to buy a new position in utility company National Fuel Gas, serving the Northeastern United States.
Income Portfolio
We made no changes to the portfolio in December. Dividend paying stocks and REITs continue to be in favour.
Small Cap Portfolio
We pruned the portfolio this month, taking advantage of volatility to lock in gains, set off some losses, and position into some new stocks. We purchased a split-share corporation owning blue chip Canadian financials, which is well-positioned to gain from dividend increases and buybacks. We also purchased a fertilizer company that’s growing like a weed.
Across all portfolios we look for mispriced opportunities, considering only those with a significant margin of safety and minimal risk of permanent capital loss. After identifying such opportunities, patience is the most important factor in realizing our expected long term return.
If you have any questions about your portfolio, financial planning or investments please be in touch. Click to book a meeting: https://calendly.com/bwk-wapw
Thank you.
Yours,
Ben
Ben W. Kizemchuk
Portfolio Manager & Investment Advisor
Wellington-Altus Private Wealth
Office: 416.369.3024
Email: bwk@wellington-altus.ca
Book a meeting
Ben Kizemchuk offers full service wealth management for high net worth Canadians including families, business owners, and successful professionals. Ben and his team provide investment advice, financial planning, tax minimization strategies, and retirement planning.
Recent Posts
July 2024 Update
Join the mailing list here June was another remarkable month for our portfolios, with many
June 2024 Update
Join the mailing list here Stocks rebounded higher in May, with many making new all-time
May 2024 Update
Join the mailing list here Stocks consolidated their recent gains last month, reaching what we
April 2024 Update
Join the mailing list here Throughout March, stocks continued their upward trajectory, with many of
March 2024 Update
Join the mailing list here February continued the market’s winning streak, seeing a fresh round
The opinions contained herein are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Wellington-Altus Private Wealth. Assumptions, opinions and information constitute the author’s judgement as of the date this material and subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. All third party products and services referred to or advertised in this presentation are sold by the company or organization named. While these products or services may serve as valuable aids to the independent investor, WAPW does not specifically endorse any of these products or services. The third party products and services referred to, or advertised in this presentation, are available as a convenience to its customers only, and WAPW is not liable for any claims, losses or damages however arising out of any purchase or use of third party products or services. All insurance products and services are offered by life licensed advisors of Wellington-Altus. Wellington-Altus Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners.