The Canadian Investor
Why This is a Stock Picker’s Market and a TFSA Mistake to Avoid
Jan 22, 2024
Discover the mechanics behind treasury bill ETFs and why they offer substantial returns. Learn about common TFSA mistakes and how to optimize tax-free savings. Explore the driving forces behind stock market returns and the factors that shape investment outcomes. Delve into the relationship between macro factors, company fundamentals, and market trends in stock performance. Gain valuable insights into investing in natural gas and the future of energy. Plus, get recommendations for other podcast shows and platforms.
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Quick takeaways
- Investing in Tourmaline, the largest natural gas producer in Canada, can provide exposure to the oil and gas industry with potential tailwinds for future demand.
- Modifying the traditional 70-20-10 rule to 60-30-10 allows for more control over investment decisions, giving more weight to valuation changes in the short term and focusing on company fundamentals and sentiment in the long term.
Deep dives
Investing in Natural Gas: Tourmaline
I started a position in Tourmaline, the largest natural gas producer in Canada, to increase my exposure to the oil and gas industry. Natural gas prices are currently low, but I believe there are potential tailwinds for future demand due to increasing consumption worldwide. Tourmaline is well-positioned to capitalize on this and has a strong track record of generating cash flow. Additionally, the company has a low debt burden and has been returning value to shareholders, including regular and special dividends.
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