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Thursday, October 14, 2010

I am now at 108 259.57$

I just cannot say how I felt when I saw that – again today – the TSX gains some extra valuable points! Like wow! It’s unbelievable! So right work, I went home as soon as I could and “jump” on my computer, working at updating my investment portfolio… And there found out that now I am at 108 259.57$!

Thank you Just Energy Income Fund (JE.UN) and Sprott Inc. (SII)

Several investments made those gains possible. They are: Just Energy Income Fund (JE.UN) and Sprott Inc. (SII). I had received Just Energy Income Fund (JE.UN) dividend today. I had received 77.81$, which bring in 5 new units and 9$ and some pennies in cash. Today, Just Energy Income Fund (JE.UN) had closed to 14.90$ - which is very close to 15$ isn’t? lol… The gains are quite extraordinary when it comes to Just Energy Income Fund (JE.UN) and you haven’t seen anything yet!

In the past couple of months, Just Energy Income Fund (JE.UN) had acquired companies located in the US. So when the new stuff will be add to the current one in the upcoming financial statement (sorry for the real basic explanation but I am French from New Brunswick as you may already know)… it will be a bomb! BOUM! Worldwide investors will all wake up at the same time and they all going to be proud Just Energy Income Fund (JE.UN) units “just” lollll like me. And than hello lovely gains for Just Energy Income Fund (JE.UN)!

I had been a unitholder since a little while now and so far, I just have a good trading experience with Just Energy. I even borrow money on a credit card balance transfer in order to acquire some new units not that long ago. And it definitively paid off. Like for myself, I am “just” lol a Rebecca MacDonald fan. I first read about Rebecca MacDonald in the Canadian Business magazine. She was listed as a possible earner of a prize for woman entrepreneur. I was amaze, simply amaze. So I am basically holding the units for her and geesssssssss it had paid off!

On top of that, Just Energy Income Fund (JE.UN) paid an annual special dividend of 20 cents per unit. We are not talking here of a 4 miserable cents like the one giving by Sprott Inc. (SII) here! Hell no! lolllllll

Ok, when it comes to Sprott Inc. (SII) ok, I have kind of a difficult story. Let’s me explain. Sprott Inc. (SII) was my very first stock investment. I even had paid a huge fee of 75$ to have this one process as I didn’t know how to purchase stock online by myself. Sound stupid? Well, I have to say, I was overexcited about Sprott Inc. (SII).

Back in 2008, the charismatic Eric Sprott was doing the cover of financial magazines. The whole Canadian press was watching a spectacular even: Eric Sprott giving away – kind of – publicly the labor of his hard work. What I like also about Eric Sprott was of course, his talent for the stock market and all the money he had made and had made to people investing in his funds. And another thing I like about Eric Sprott was the fact that he had giving money for the education sector, different charities, not to talk also of his foundation.

For me, it was clear, I was “in front” of something huge, something that I had the responsibility to get into before it was too late. And now Mr. Sprott had called for retirement. He will be retired very soon and I have to say, my adventure in the Sprott investment had been complex.

Here’s the picture: imagine me, a French Canadian girl willing to do something with my money after reading Derek Foster book Stop Working. Does it sound cliché? Well, I hope it does because this is all very cliché. Me, Derek Foster, Eric Sprott and the stock market. Like what are you talking about? What are you doing there, the stock market? lol….. Well, I am doing what I need to do.

I first invested in 500 stocks of Sprott Inc. (SII) at 10$ each. Yeah, you read correctly, 10$. I was among the first people to get a piece of Eric Sprott. And what Eric Sprott had, I wanted to have it all or just a piece of it. So I got a piece of it. I once got 75$ in Sprott Inc. (SII) special dividend. Nice. But this year, we got a (4 cents x number of stocks) and I wasn’t happy about it. I kept thinking about Jean-François Tardif and what would had happen if he would had stayed at Sprott Inc. (SII). But in all this, I was acting very selfishly as it was all about me and back than, without any information, I didn’t have a clue of what Jean-François Tardif had go through. He’s now a millionaire, but gees. What a success story that is the one of Jean-François Tardif. (As you may have notice, I wrote an article on HubPage about Jean-François Tardif).

My passion for Sprott Inc. (SII) kept growing and I soon invested 5 000$ in the Sprott Canadian Equity Fund. I also decided to invest in 200 stocks of Timminco (TIM). Back in 2008, Timminco (TIM) WAS the stock to be hold. And as I wanted to do like the big guys I did what I shouldn’t did, I invested in Timminco (TIM). I first invested in 100 stocks, and later on in 100 other stocks when the price had decreased. Timminco (TIM) is now a penny stock that I still hold today but I hold Timminco (TIM) as a souvenir of me trying to do it like the big guys. From that point, Derek Foster became my savior. But I do find Timminco (TIM) interesting as a business and I guess that the recession had hurt Timminco very hard. Just like it did for another company I hold, Hanwei Energy Services (HE). Hanwei Energy Services (HE) had slide to a 2$ value in 2008 to a roughly 40 cents.

After the 2008 stock crash, I decided to invest another 2 000$ in the Sprott Canadian Equity Fund. I didn’t sell any of my investment because for me, it was clear that it was going to go up again. It was clear for me that I was going to recover from all those massive loss. For once in my life lol…. The decision paid off.

No change for Timminco (TIM), it’s still a penny stock and who knows when it will go back to 20$ per stock. Only God knows when.

Sprott Inc. (SII) had closed the day at a spectacular 6.05$! We are still not up to the 10$ per stock, but this is very good!

Regarding my investment in the Sprott Canadian Equity Fund, my investment currently worth 6 410.41$. I initially invested 7 000$ in the Sprott Canadian Equity Fund. I am very close to the original 7 000$, I am missing less than 600$.

Recovery had been quite painful for certain “part” of my investment portfolio, but with my 2 years experience with stocks, I have to say, 2009 had been a good year and 2010, a very very good year.

I think it’s important to stick with what you believe is good for your portfolio. Keep everything diversify, very important. Diversify in different sectors as well as different companies. Pick Derek Foster stocks and spread the word that the stuff is working. The Stop Working strategy is really working.

1 comment:

Anonymous said...

I agree! the Derek Foster Stop Working strategy is working for me too. That's also why I like reading your blog. Keep up the good work.
- Ed


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