December purchases and useful links

January 2, 2023

This post originally appeared in my newsletter.

Too soon to tell how these will work out:

Bancolombia (CIB)

Grupo Aval (AVAL)

Politics will drive returns here. Interesting note: Scotiabank has operations in Colombia and they don’t seem to be able to compete with the top players in the market.

Useful links

These Purpose Investments cash ETFs are all yielding over 2% these days.

Forced selling is coming to the Toronto condo market.

Tax brackets are changing in 2023.

Illiquid investments in a liquid wrapper don’t seem to work very well.

Sultan Ameerali Follow

Investor. Don’t buy any stock because I mentioned it. Boxer, award-winning reporter, author in a different life. Ex-BNN, 680News, CTV News etc

Sultan Ameerali @sultanameerali ·

17 Dec

$40 is the floor here.

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Barry Schwartz @barryschwartzbw ·

17 Dec

The currency is the share price of the country.

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Sultan Ameerali @sultanameerali ·

3 Dec

I don’t normally post travelogues, but this Safari was partially paid for by an unhedged short on $ELBM.TO last year. Someone send them a tote bag.

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Sultan Ameerali @sultanameerali ·

29 Nov

This didn’t happen.

And if some bartender is subsidizing the drinking of a CFA charter holder, someone should kick that bartender in the nuts and beat up his mother for even having him.

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Sultan Ameerali @sultanameerali ·

27 Nov

And then there were two.
I sold my $ASPI position after listening to both calls, including the shares I punted on this morning.
Just under a 2X return.
This is why I prefer more positions rather than running a concentrated long only value portfolio.
Still own $LEU and $ARE.TO

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December purchases and useful links

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