Remember the wider-moat portfolio will include the grocers and railways, I can find no better Canadian stock portfolio for a market beat and risk-adjusted returns. Empire says its fourth-quarter sales totalled CAD$7.41 billion, down from CAD$7.84 billion in its fourth quarter last year, which included an additional week.
Same-store sales were up 1.6%, while same-store sales, excluding fuel sales, were up 2.6%.
Metro (MRU/TSX) delivered very good results in its recent report, as has been the trend for Canadian grocers. It reported food same-store sales up 5.8%, and pharmacy up 7.3%.
Seems the grocers can provide a much-needed inflation hedge.
What’s up with bitcoin ETFs?
Crypto is back on some radars. Namely as BlackRock (BLK: NYSE) shocked the investment world this week, announcing it would create a bitcoin spot price exchange-traded fund (ETF). “Spot price” means that the funds would hold bitcoin.
Many other asset managers are lining up their own bitcoin funds.
Quick inventory of spot bitcoin ETF filings since last Thursday…
iShares (world’s largest ETF issuer)
Bitwise (knows space inside & out)
WisdomTree (top 10 issuer)
Invesco (4th largest issuer)
What changed recently?
SEC has been on warpath against crypto.
Something’s up.
— Nate Geraci (@NateGeraci) June 21, 2023
Keep in mind that the iShares product offering is not a traditional ETF, but a trust as per bitcoin.com. But it will hold bitcoin, which is favourable for the bitcoin price, as it will increase demand for bitcoin.
As you may know, I wrote the go-to popular feature 🙂 on bitcoin as an investment, back in January 2021. From my research and observations, gold makes a balanced portfolio better. And for me and many others, bitcoin is seen as a modern or digital gold.
Read the full article here
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