Tattoos & Stocks

SYNOPSIS

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So true! But we’re constantly amazed at investors who wear their favourite stock(s) like tattoos… refusing to ever give them up. It’s buy/hold at its worst. We remember one guy who started accumulating a Canadian tech penny stock; and after more buying over a couple years claimed that his shares in that one company were worth over $1 million! That may have been true, but we watched him hold those shares all the way down until the company went bankrupt. But maybe he still has a tattoo as a reminder!
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Last week… There’s not much to see here. Small weekly losses.

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PTP… The APARs for both S&P/TSX Composite Index and S&P 500 were (again) almost unchanged. Meanwhile, our PTP APAR rose about 100% with new purchases last week, and dropping one loser.

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