Jaime Carrasco
Portfolio Manager at Canaccord Genuity
Member since: Jul '08 · 1377 Opinions
Rating Card
Premium content| All | 
Rating
| 
Big Win
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Win
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Neutral
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Loss
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Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.03 | 138 43.67% | 55 17.41% | 27 8.54% | 51 16.14% | 45 14.24% | ||
| 1 Month | 4 | 20 28.99% | 15 21.74% | 16 23.19% | 14 20.29% | 4 5.80% | |
| 6 Months | 4.05 | 28 41.79% | 13 19.40% | 4 5.97% | 11 16.42% | 11 16.42% | |
| 12 Months | 4.1 | 32 47.06% | 14 20.59% | 2 2.94% | 9 13.24% | 11 16.18% | |
| 2 Years | 4.05 | 30 45.45% | 9 13.64% | 4 6.06% | 12 18.18% | 11 16.67% | |
| 5 Years | 3.95 | 28 60.87% | 4 8.70% | 1 2.17% | 5 10.87% | 8 17.39% |
Stock Opinions by Jaime Carrasco
COMMENT
Precious metals. Reality is inflation is not transitory, it continues to grow. Once out of the basket, very hard to control. We're at 7% already, and inflation is much higher than this, as we use different calculations than in the 80s. Copper is signaling that, but gold and silver have not caught up. Once they do, they'll become inflationary hedges and ring the true alarm for what inflation is at. Gold is the ultimate hedge for inflation. Central banks and Asia continue to acquire physical gold, but the price is not reflecting this. To protect against inflation, he recommends holding physical gold, producers, and royalty companies.
BUY
He's not too concerned that mining will be nationalized in Peru. Rise in price of the commodity will pay for the increased taxes long term. Still a safe area, but the US will be the best mining jurisdiction. Speculative buy at $5.75. A small cap, so only a small portfolio allocation. Mercedes mine is a great acquisition.
precious metals
COMMENT
Asset allocation model. To be disciplined, if you have a position at 5%, which declines by half, buy into it to bring the position back to 5%. This discipline of holding something that hasn't really changed but the price, and selling into something that's done well, is 80% of a portfolio's return. If nothing fundamental has changed, he'll continue to hold a company.
