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Wednesday, July 1, 2020

The ultimate stock that I am happy not to hold in my portfolio anymore: Sienna Senior Living Inc. (SIA)

This time of the year is usually a great one for me. Over the year, I made great investments during the last days of June. It's basically the time where my portfolio gets a mini revamp. Maybe the sun and the good weather have a lot to play in that. This year, my month of June is completely different because of the pandemic. I am not exactly having a good year, neither a too bad year. My net worth got back in the 200k, which is my "secure" place. Back in March of this year, my net worth falls behind the 200k. It's always a traumatic experience when it happens, but usually, I get back in the 200k game quite quickly. Usually, downturns never stay in for long on the TSX.

No matter what is going on currently, June of this year still remains a good time to have an quiet face-to-face time with my investments. The pandemic has the benefit to expose our deepest weakness and in Canada, one of our weaknesses is the cares that we gave to our senior citizens. And not only the cares, but also the housing.

As an investor, it's perfectly normal to explore the numerous possibilities that offer the TSX. I am always searching for new stocks to invest in. When I first invested in Sienna Senior Living Inc. (SIA) back in 2017, I was looking, like usual, for something new, for something great that would be of a great fit for my already really awesome investment portfolio. I didn't have any exposure to the health sector. I am not a fan of the pharmaceutical sector, and I do not exactly find satisfaction in the health sector itself. So I taught that SIA could be a cool way to diversify my portfolio. Their activity if the housing for seniors was for me somewhat related to the health sector. However, things didn't turn exactly as planned. I made the really good decision to sell my Sienna Senior Living Inc. (SIA) back in the beginning of January of this year

When I invest in a stock, I like to see its value grow inside my portfolio, as well as collecting dividends. To be perfectly happy, I need both of those things. In the case of SIA, that stock never kicks in my investment portfolio, I never saw it grow. So when I had the chance to sell without experiencing any losses, I did. I have to say, my timing was of absolute perfection. When it comes to stock, I want to invest in what the TSX has the best to offer. And Sienna Senior Living Inc. (SIA) is definitively not a good and safe stock to invest in. This COVID pandemic reveals that the cares provided in some senior housing establishments who are under the management of Sienna Senior Living Inc. (SIA) were of poor quality. Articles on that matter can be found here, here and again here. Since the beginning of the COVID pandemics, Sienna Senior Living Inc. (SIA) had been going all the way down:

Now that we are in a pandemic, the idea of making just any money at all on the back of seniors housing is just sounding terribly wrong. Back in 2017, that idea never crossed my mind. But this pandemic is actually changing us, and is changing our opinion on different topics.


Anonymous said...

What is the ultimate: dividends? or gains?

Unknown said...

well said.. i sold geo prison stock same reason


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