Hey there. We've transitioned a bit away from pure-growth plays and have now started to focus on profitable companies that have suitable pricing power and moats to survive during a stagflation/high inflation environment. You'll see this in our most recent highlights of Waste Connections, A&W Royalty Fund, Automotive Properties, Goeasy Ltd etc. We have also recently highlighted Telus International that is definitely a pure growth stocks, but is also profitable and just posted a very strong quarter.
In my opinion, we want to focus on companies with pricing power, large economic moats, and rock-solid brands. Ones that will continue to post results in a stagflation or recession style environment. With that, the perfect example of these companies is our Foundational Stocks.
The one thing I would caution in this environment is I'd probably be averaging in. If I wanted to buy a particular stock right now, I'd probably be buying it in 3 or 4 chunks over the next 3-4 months. Markets are way too volatile for me to be dumping a ton of money in lump sum.
I know people want us to suggest the flavor of the week stocks right now that are performing well (say.... oil and gas for example as we did with XEG), however we want to stress that the success of a portfolio is going to be determined by the diversification of it over the long term.