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. Marketing Expert. 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 ·

17h

Seemed like the right book to pull off the shelf given the state of the world. Give me a few days and I’ll be able to spew uninformed bank hot takes with the best of them.

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Tristin Hopper @tristinhopper ·

29 Mar

It's rather incredible that you can run up a $50 billion deficit amid relatively good economic times, and military, health care, housing and any number of other basic metrics remain a disaster, and will remain so into the future.

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David Rosenberg @econguyrosie ·

28 Mar

Canada’s budget gets a big fat F. The tax bite expands. Spending out of control – an added $42bn in the next 5 yrs brings the cumulative burst since 2021 to $345bn! FY24 deficit’s to balloon to $40bn from last Fall’s estimate of $30.6bn and debt/GDP ratio up to 43.5% from 42.4%.

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Sultan Ameerali @sultanameerali ·

28 Mar

$SDE.TO is paying out $9.50/share. This was an easy buy at ~$4.50/share. https://finance.yahoo.com/news/spartan-delta-corp-announces-1-110000284.html

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Reuters Energy and Commodities @reuterscommods ·

28 Mar

China's 2023 crude oil imports set for 6.2% rise, but risks prevail - column by @ClydeCommods https://www.reuters.com/markets/commodities/chinas-2023-crude-oil-imports-set-62-rise-risks-prevail-russell-2023-03-28/

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December purchases and useful links

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