My canadian business

From Canadian Business Online Blog, Jul 23, 2008

 By: Larry MacDonald

Could the portfolio listed under rcarrick on Covestor.com belong to Globe and Mail personal finance columnist Rob Carrick? Covestor.com is a U.S.-based social-investing website that displays members’ actual portfolios by linking to their online brokerage accounts.

There is little on the site to confirm it actually belongs to him but rcarrick is from Canada and he (or she) joined Covestor.com in late October, a few days before Rob Carrick’s column on Covestor.com and other social-investing websites appeared in the Globe. Perhaps while visiting Covestor.com as part of his research, Rob decided to link his brokerage account? Portfolio highlights:

- nine holdings with a tilt toward income investments
- all down, with Nortel Networks the most
- loss since inception is -13% (would be smaller if dividend income included)
- purchases in last 2 months were Fortis, RioCan Trust, and Yellow Pages Trust.

Rcarrick’s portfolio:
TransCanada Corp.
Manulife Financial Corp.
Mainstreet Equity Corp.
Fortis Inc.
RioCan Real Estate Investment Trust
Cameco Corp.
Yellow Pages Income Fund
Peyto Energy Trust
Nortel Networks

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