First of all, I categorized the on...

First of all, I categorized the one and the other your personal and RRSP holdings into general clumps and then valued the holdings as of December 30 1994 on doing so, one can behold the size of your portfolio, where your investment emphasis is between influences preferred shares and various categories of universal stocks, and the approximate plain of income. You have not provided any costliness information so it is difficult to sum up if you are ahead or behind in succession individual holdings, but I suspect you are doing quite well forward most of them.

PERSONAL PORTFOLIO

Overall, I am impressed with the general quality of your holdings and the relative balance in the portfolio -- not too large nor too small a position in any individual holding. It is interesting that you have almost no uniting holdings and no preferred shares, and that instead, you have built into the portfolio a relatively large number of utility holdings. These stocks are stable by dint of nature, offer good growth, and provide worthwhile income. In addition, their share prices will rise if and when interest rates peak and then start to tend hitherward down and you can calculate upon to see dividend increases from time to time.

It is also worth noting that you have almost no in all senses outside of Canada -- certainly no direct foreign holdings.

While you have done a pious job of selecting companies for your portfolio, I would make three general suggestions.

Reduce Number of Holdings

First, you could work toward fewer names in your portfolio. You publicly hold 39 different investments in your personal portfolio, and on the same level though you may have the time to do to such a degree it is difficult to come next that many investments effectively. Canstar Sports is being bought disclosed by Nike so this will eliminate single of your holdings.

In the consumer harvests category, I would be inclined to betray B.C. Sugar and Inter-City produces and build up your Maple Leaf meats position since that company present the appearances to be performing better lately. In addition, you could consider selling the Gentra position upon which you most probably have a loss; this has the potential to branch your capital gain.

I would also be inclined to contract the number of your utility holdings and concentrate onward those with the best putting out prospects. You might consider selling TransAlta whose increase has slowed in recent years. As an alternative, you could consider at Westcoast Energy which is continuing to expand, especially in Northeastern BC

Take a gaze at Canadian Banks

In the financial arrange you might think about increasing your weighting here from 9% to somewhere between 15% and 20% of your portfolio. There are a number of eminent investment opportunities in this sector -- particularly in Canadian banks which are relatively not at home of favour at this time.

Diversify Outside Canada

My barely other suggestion would be to increase your front to business outside of Canada. You could do this either on acquiring a couple of U holdings or at increasing the number of Canadian companies doing business outside of Canada.

In the U you might consider General Electric ($51) which has continued to be augmented through the 1991/92 recession and which continues to have attractive promises Federal National Mortgage Corporation ($71) has also continued to extend and should do very well formerly interest rates start to decline. chaplet Cork and Seal ($40) is a long-time favourite of mine -- although management's policy is to reinvest all of its earnings rather than pay dividends. Another possible investment is Chieftain International convertible preferr ($21) which is traded forward the American stock exchange and has a highly generous U.S. dividend.

Among Canadian companies doing substantial business outside the land Moore Corporation looks promising below its new leadership. You might consider adding to that holding -- especially given its attractive dividend yield. couple younger Canadian companies doing greatest in number of their business offshore are SR Telecom ($13) which makes microwave telephone connected views and Royal Plastics ($11), a new new issue which did 82% of its business in its most numerous recent year in U.S. dollars. These brace companies, however, do not intend to pay greatly if anything in the way of dividends, since they continue to ne their earnings to expand their businesses.

SELF-DIRECTED RRSP

Again, I am impressed with the quality and direction of the investments held in your RRSP Here you have emphasized stripped chainss and a compounding GIC in order to "build in" capital growth

I noticed that you grasp Cominco Resources both in your personal account and your RRSP account. Unles you have more [i]or[/i] less particular reason for doing this, I would advise that you sell the RRSP portion of this investment, and then take those permanent funds along with your cash, and purchase one or two coupons which mature in about ten years. We are going between the sides of a period of high interest rates in Canada, and if you can tie down interest certificates with a 10% compound rate of shooting you'll be building some highly nice growth for the years ahead.

CONCLUSION

I like the overall quality of holdings in the pair of your portfolios. Mostly, I would intimate that you concentrate on following fewer names and that you build in more position to companies doing business in the U and the quiescence of the world. Good luck