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Wednesday, November 1, 2017

Newest high for my non-registered portfolio: $190 851.41

My non-registered portfolio close today session at $190 851.41, my TFSA at $61 751.39 and my RRSP, at $37 471.94. It looks like that investment portfolio of mine won't ever stop growing. Its just going to be super hard when a stock correction will happen, for whatever reason. And it will happen, you always need to be ready for that eventuality. Any gains help to protect my portfolio from any upcoming corrections.

My portfolio just keeps growing. In date of September 2017, my broker account gave me a 39.27% return for the past 12 months. October had been a fabulous month so I can't wait to see what will be the return on my next statement. While I am doing fabulously well, Jean-François Tardif JFT Strategies Fund (JFS.UN) close today session at $13.80. And that being now, with a TSX at a very great 16 029.33 points. The strangest things ever being that JFS.UN highest value for the past 52 weeks had been of $15.05. Why that now that the TSX is higher than ever, why is JFS.UN is now at $13.80 per unit. Why is JFS.UN is not now exceeding its highest value in the past 52 weeks? It's for a simple and good reason: Jean-François Tardif is no longer the TSX rocking star that he used to be and its a real big disappointment. So far in 2017, JFT Strategies Fund (JFS.UN) had underperformed the S&P TSX by 12.96%. Is this really a surprise? Quebeckers being the incompetents that we all know, Jean-François Tardif is no exception to the rule. Tardif is a pure incompetent.

One sad thing about this is that some poor investors had put some of their valuable money in the hands of Jean-François Tardif. And like a pure gangster, Tardif is charging 1.5% management fees on that fund. Anyone who's investing in JFS.UN right now is losing big time for several reasons:
-JFS.UN management fee is 1.5% - which is being deducted, that the fund perform well or not, it doesn't matter, the man is getting paid anyway!
-JFS.UN doesn't pay any dividend distribution.
-By investing in JFS.UN, you don't allow your capital to grow as much as it can be.

I was invested in JFT Strategies Fund (JFS.UN) long way before, but I finished selling because I wasn't satisfied with the returns. I had received a comment from a reader a little way back, asking me what he should do with his investment in JFT Strategies Fund (JFS.UN). At the time, I advise that he should hold the investment, but now, after seeing JFS.UN not growing stronger after having a TSX exceeding the 16 000 points, I mean, the poor Tardif is a dead manager.

Right now, I would advise anyone who has JFS.UN shares in his portfolio to sell and reinvest the money in Toromont Industries Ltd (TIH). And one thing to remember: play it safe like with a wild lover because you never know when a stock correction will hit you over with a baseball bat. So better play safe.

1 comment:

frederic said...

JFS.UN is not a growth fund, it's a mutual fund that you use to stabilize the portofolio and gives mediocre returns when the stock market is going well. But does a bang up job in a market crash like 2008.

The fund shorts the TSX60, so if the TSX goes up, it will go down a little. It's normal! It's what the fund is made for.
17% of the fund is short position on stocks.

The log positions are a lot in bonds (not stocks), so again, it's not going to track the TSX performance, it's going to linger with the interest rates. When the interest rates go up, the existing bonds lose value, so it's actually going to down there too for a while.


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