It's been a while since I've posted however since there are financially savvy investors on this board i figured i'd get some advice on building my portfolio. I have a long term hold strategy so with that in mind, in these markets do you terbites have any insight into where best to park money. I save/make enough to max out on my RRSPs and TFSA and all my self directed investments (which i thought were sound) from last year have seemed to plunge. I put quite a bit into AAPL and MBS REITs and pharma last year. Luckily i had slowly moved out of holding investments in CAD and switched to USD, so my fx gains made up a bit for the losses in AAPL and my high yield REIT.
For 2016, i'm thinking of allocating more to REITs (high yield ones - AMTG etc.). My overall portfolio is quite diversified so my overall returns have been ok over the past 3 years but I feel like the markets don't make sense anymore or perhaps i'm losing touch and I need to become risk averse. I'm in my early 30s so like I mentioned i have a long term horizon.
Anyway, any advice is appreciated.
cheers
fj
p.s. I've stayed away from options trading and trading on margin - my job doesn't allow me to monitor markets full time anymore.
For 2016, i'm thinking of allocating more to REITs (high yield ones - AMTG etc.). My overall portfolio is quite diversified so my overall returns have been ok over the past 3 years but I feel like the markets don't make sense anymore or perhaps i'm losing touch and I need to become risk averse. I'm in my early 30s so like I mentioned i have a long term horizon.
Anyway, any advice is appreciated.
cheers
fj
p.s. I've stayed away from options trading and trading on margin - my job doesn't allow me to monitor markets full time anymore.