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Sunday, September 30, 2012

Jean-François Tardif is now a dividend investor like you and me

I now have Internet at home, but I haven’t been very active around here too much. I have followed the stock market from a distance. But nothing much is going on, except maybe good news for the Euro, in a certain way. The Euro seems to be secure for now. Just like Greece, Spain is facing major financial difficulties. It had turned quite ugly in Madrid. Not too far away in Syria, it’s the civil war. The world of today is all upside down. It’s really important to invest carefully. On that matter, I had been more than lucky so far. Remember that I said that I was looking to invest in a REIT? I had been searching and searching, but nothing catch my interest. I could have invested in the mountain lion hero Dundee REIT (D.UN), but at close to $40 per stock, I find it quite expensive. Especially knowing how much D.UN is sensible to the market volatility. Meaning, I buy at close $40 now, but chances are that at a point, the stock will trade at a lower level. It’s just a matter of time. Just wait for the Euro situation to degenerate, just wait for more bad news from the States and voilà, you’ll get the D.UN stocks at closer to $35 than $40.

In his revised edition (2012) of The Lazy Investor, Derek Foster shares his portfolio, but the problem being that his portfolio is mostly in US dollars and I haven’t found anything really catchy. I already own EnCana Corporation (ECA). Forget about Manulife and Power Corporation (POW), I will never invest in those of my life. So what’s left? Husky Energy Inc. (HSE)? Hell no, way too much volatile and the company is hold by foreign investors coming from Asia.

Husky never fully recovered from the 2008 stock market crash. What I am trying these days is to find stocks that survive from the 2008 stock market crash AND also trade at a higher value than BEFORE the crash. If you can find such perfect market diamond, go for it. Pembina Pipeline Corporation (PPL), Enbridge Income Fund Holdings Inc. (ENF), K-Bro Linen Inc. (KBL), Fortis Inc. (FTS), Methanex Corporation (MX), TransCanada Corporation (TRP), Canadian Utilities Limited (CU), Westshore Terminals Investment Corporation (WTE) and Enbridge Inc. (ENB), just to name a few. Enbridge Inc. (ENB) 10 years chart is PERFECT. PERFECT CHART = PERFECT investment for your portfolio and a lot of $$$. Fully load of cash.

Before the 2008 stock market crash, Husky Energy Inc. (HSE) value was more than $50 per stock. Four years later, in 2012, Husky Energy Inc. (HSE) stocks trade at not even $30 each. There’s a big market loss of more than $20 per stock. Am I going to invest in such stock? The answer is NO. I am not going to invest in Husky Energy Inc. (HSE) soon. I would like to know the reasons of the Derek Foster behind that acquisition.

Anyway, Jean-François Tardif came to my rescue and solved my problem. In his interview, Jean-François Tardif named HealthLease Properties Real Estate Investment Trust (HLP.UN) as being one of stock he likes. And this is how I find the REIT investment that I wanted to add in for so long. HealthLease Properties Real Estate Investment Trust (HLP.UN) offer a dividend of close to 8% and currently trade at super low price of $10.50.

In a Bloomberg interview with Eric Lam THE Jean-François Tardif announced that he had become a dividend investor. That pretty suck because the only reason why I invested in his JFT Strategies Fund (JFS.UN) is to benefit from his extraordinary market skills. I wanted that from him: extraordinary and fantastic market gain. Just like he did in 2008. The gorgeous was able to do it in 2008, It old myself, 2012 is not that different right? But... to that, Tardif said no-no, 2012 is way too much different, the market is not the same and now, the fabulous decided to be down to Earth and make me live in the regret of having invested 2k of my very own pretty money in his fund. Like what the heck Tardif! What’s wrong with you? I invested in your fund to get the extraordinary out of you. The fabulous that you are had turned into a pretty boring thing but at least, you are still sexy and good looking.

Seem like I am going to have to digg all by myself and get the extraordinary myself, all alone.

If I get on you one day I will punch you against the wall – but not very hard, very gently at first and than, I am going to fix you ok. I am going to fix your problem. Its not because you are now millionaire that its time to give up on the stock market. Play and play hard. Make ME become a millionaire on your back. I am not going to give up on you yet so PLEASE WAKE UP.


pattirose said...

I'm in, bought 200 shares, thanks Sunny!

Anonymous said...

JFS.UN is down 4% since it started trading while the market is up 10% during that time. That's a 14% under performance in less than 5 months. Why are you giving him your money again.

There's no get rich fast on the market unless you take risky gamble. Most of the time you end up losing (Ex. Timminco). Follow Derek Foster advice. What money Jean Francois fund did before 2008, most investors lost it right back in the crash.

You already know the only one making money on funds is people like Jean Francois, Sprott, banks, etc.
There was a report on Kevin O'leary that was against mutual funds, accusing them of gouging investors. Of course now, he's all for mutual funds as he created his own funds and now he gouge investors with his high fees.

You would be better off investing in an dividend etf with much lower fees.

Sunny said...

Great Pattirose! I didn't buy my shares yet, but I will tomorrow.

You are right in a certain way. But no matter what, Tardif is a great manager. I was expecting his fund to do really great. I wanted a 20% or around return like he did in 2008. it will have help me to boost my value.

I am pretty much down to earth on my approach to investment. When I wrote I wanted him to make me a millionaire, it was only blablabla blogger.

In a previous interview, Tardif said that he would considered a 6% return good for a portfolio. Does it mean his fund will generate just a 6%? I don't know.

Fact is, the couple of stocks he gave the name of in the Bloomberg interview are very great. I plan to invest in BAD, DCI and HLP.UN.

Before, he had named PBH as investment a while ago, and today, that stock is still on the go and good in my portfolio.

We have to live with the fact that we are in 2012, not in 2008 anymore. And Tardif is right, the market is not the same. It will never be the same. Our economy is broken, flat.

Tardif has nothing to proof to no one. He's realistic about what he can accomplish in the reality of the market of today.

I always wanted to invest under him and now my dream come true. I wait and wait so f long for him to come out of retirement. I knew he wouldn't retire for long. A trader remain a trader for life. I am hard on the man, it's just he's SO GREAT. And what a man.

Anonymous said...

You don't need Jean Francois to get 20% return, you have lots of stocks that gave you 20% return, Ex. AGU, CNR, PPL, etc. And best yet you get dividend and don't have to pay anyone fees.

Sunny said...

ahhhhhhhh! Its true that I am very very good investor.!!!! ahah. We all need someone in our investment life and mine will be boring without Tardif. Not that I need him, I want him.

aha!!!! :0)

pattirose said...

I'm just thrilled he's giving interviews and talking specifics, it would be nice to see him on BNN again with picks and price targets.

Be careful with BAD I heard they tried to sell the company for peanuts and the shareholders revolted so they didn't sell. I don't know if management has been replaced, you might want to check that out.

But, then again if it's good enough for JFT it's good enough for us, no?

Sunny said...

Yeah, good enough for Tardif good enough for us! I was thinking of an investment of not more than 500$ in BAD. I never invest much on the same spot. I remember my experience with Timminco and Sprott.

Anonymous said...

Sunny: you've now seen the center of the problem with JFT. He tracks no index, he has no performance criteria, he is structured to invest in anything he feels like (not what you feel like or need). He doesn't even have to tell you what he invests in. If he decides 6% is a good return, so be it. Its a closed end fund with little liquidity. So Sunny, your investment in KEG-UN with a 7% yield means at least for the meantime you're smarter than JFT.


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