Madam X paces the studio, hands on hips, gazing out the window, high heels tap the floor. She pivots making her crystal earrings chime. “Just think”, she murmurs wryly “had we put all our money into shares of the Toronto Stock Exchange, we would have almost doubled our money in five years. Of course,” she winks, “I have a small bias toward my namesake…”
The Toronto Stock Exchange is a stock and listed as (X-TSE). Can you imagine? X now trades on or about $75.00 each with a reasonable dividend of about 2.6%.
Madam X, we believe, is not actually for sale.
Sounding Cymbals
My darlings anyone with a scintilla of sense knows the market has been spinning toward a tumble. She counts, flashing polished, blood red nails.
- Quantitative easing allowed everyone to borrow money (or get in debt) for almost nothing.
- Business booms
- Full employment means wage demand rises
- The stock market soars
- Loan rates rise
- The price of the US dollar is marked down to make goods more enticing.
- Global debt rises, US debt triples
- To up that cocaine level, the Trumpster cuts taxes – damn the poor people! They just want accessible stuff.
- The market goes wild then begins to topple
Listening
She sips some wine, listens to each stock and peruses her holdings. We, at Stylish Stocks still hold banks and interesting tech stocks and have sold, as always, half of any stock that had doubled. We doubled up on bond-like stocks that rarely change price but have a yummy dividend. All this fashionable editing has left us with a stash of cash in our TD online portfolio and a sense of smug virtue. But how much fun is that?
Balancing
We love danger and playing with the dark side. We kept her favourite gambling ETF, (GAMR) and, of course a bouquet of cannabis stocks both medicinal and fun.
And, Oh, I nearly forgot – renewable energy. We like a nice balance of good and evil.
Great Article!