2025: Your Natural Resources Stock Portfolio.

I'm twenty-five percent beta and the rest alpha. But as Rick would say, don't confuse a bull market with brains and a self-induced delusional stock-picking genius. My TFSA is now at +126%, having enjoyed at least on paper two previous gains of +500%, in 2018 and 2020. Guess who did not sell both times. LOL.

Meanwhile, the RRSP is the clear laggard: still at -12%, having previously risen to +47% in both 2018 and 2020. The Cash Account is currently at a modest +7%, while it gained +20% in 2016, +29% the next year, +82% in 2021.

So, the moral of this story is to start out with the best of the best producers and royalty/streaming companies to build your initial nest egg. Then go with people who are serial money makers over multiple decades and countries. Next, move down the quality trail and buy the highest quality intermediates, developers and explorers that you can find. If you do the work, you can't help but be well rewarded. As an example, I sat on Shamaran Petroleum, a Lundin vehicle, for five years before it finally started to move. I'm up in two accounts +294% and +142% respectively. Still holding every single share.