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Wednesday, May 18, 2011

Welcome again Physical Silver Trust ET (PSLV) in my investment portfolio!

Following my day trade with Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) (which I was very happy about by the way!), I decided to take a 1 000$ CAN and transfer it into US dollars. My 1 000$ in Canadian dollars worth 1 010.92$ in US ones. The exchange generate a profit of 10.92$, which is more than enough to cover one purchase commission of 9.99$.

Following Eric Sprott interview with Max Keiser that you can view in the previous post, I did what any investor would have done: I invest again in Sprott Physical Silver Trust ET (PSLV). Last time, I had invested in PSLV when it was at its 22$ 52 last week highest. As always, my timing was perfect... Shortly after, some sources came with the news that Eric Sprott had sell some of his Physical Silver Trust ET (PSLV) units, cashing in some enormous profit, something of the like of 36 million... Of course, the genius reinvested the money, but in other silver investment. Following what, the Physical Silver Trust ET (PSLV) was hitting down the 15$ per unit...

Despite the desperation, today, I invest again in Physical Silver Trust ET (PSLV) and I am very happy with the investment because I now own a mix of units purchase at 22$ and now, 16.03$. So overall, the new acquisition of today will equilibrate the whole thing. I won’t tolerate losing money on silver. That’s why I invested today again in some fresh new units of Physical Silver Trust ET (PSLV).

My investment in Sprott Physical Silver Trust ET (PSLV) is for the long term. Hopefully, my investment will double in value and this will happen very soon ok? I am done with selling, purchasing etc.... I want to concentrate on my HubPages. I have better things to do in life than just refreshing, refreshing, refreshing lol...

At this point, my investment portfolio, in US and Canadian dollars is absolutely perfect. I didn’t post an update of my investment portfolio for quite some time. If it happens that the TSX finish up today, I will to update my investment portfolio tonight.

About New Flyer Industries Inc. (NFI.UN)

If like me you hold New Flyer Industries Inc. (NFI.UN), my best recommendation is to HOLD. A reader asked me what I plan to do with this one, since NFI.UN had drop in value. I decided to stick to New Flyer Industries Inc. (NFI.UN) because it’s a leader in its industry. NFI.UN has the technology required to build bus transportation. They had handled very important contracts for public transportation in the past (for New York City, among other). Investors are crazy to be alarm because the company lost a 10% profit or something like it.

Once the situation in the US will become more stable, NFI.UN will raise in profit again. It’s very clear in my mind. Of course, it’s not fun to see a title going from 12$ to 9$. The case of New Flyer Industries Inc. (NFI.UN) is not like Yellow Media Inc. (YLO). New Flyer Industries Inc. (NFI.UN) will go up again. But when it come to Yellow Media Inc. (YLO), I doubt the company will ever reached its old 6$ per stock. I only sell stocks in case of necessity. Selling YLO was a necessity. And when it comes to NFI.UN, I think the company had good chances to go through this difficult time without too much problem. I could be wrong, but I really like NFI.UN. And New Flyer is a cool name.

And now Colabor Income Fund (GCL)

I also have the same philosophy when it come to Colabor Income Fund (GCL). Despite recent drop, I prefer to hold for now. GCL made some interesting acquisitions lately. Profit are going to come later or sooner. Colabor Income Fund (GCL)? HOLD :0)


Anonymous said...

You're an impulse trader and you're far from being done buying and selling, and you know it....

Sunny said...

Well... what can I say to that? LOL. That some readers know me really really well?

I am not perfect. I like to trade from time to time, there's nothing wrong with that. But truly, at this time, I am working on articles for HubPages. It will keep me busy during daytime.

Anonymous said...

So, for phs.u, how many shares do you have and what is the average price?

Sunny said...

Hi, I now hold PHS.U in my TFSA and RRSP. Couple of units at original price of something like 15$ or so. But do a search in the search engine, I may have post that info somewhere.

Ray said...


I have GCL for a number of years. It is a good dividend earner. Expect 6 to 14% return per year.
I am not selling them but neither will I buy more.

Over all, I think high yield stocks in Canada are getting too expense. ( because of Derek's book? )

It may not be a bad idea to look at U.S. large caps. Many of them has > 3% yield and they do increase their dividend in much faster rate.

Ray from Windsor

Sunny said...

Hi Ray,

Thanks for your contribution. There's stock like that who are difficult to hold and at this time, GCL and NFI.UN are not quite easy to get along with.

However, I do not regret the investment. It's just getting rock and roll for those 2, among other. For a little while, I was having the same problem with PBH. And now, PBH is stable. So something there's just period of time where things are disturbing.

GCL recently made an acquisition, I think it's a great stock.

For sure, Derek Foster has something to do when it come to dividend investing and it certainly bring something very positive all the attention that is getting the dividend investment. You just have to read about dividend investment over the Web, many bloggers have interest in the topic.

True dividend stocks are getting more and more expensive. You have a good idea to seek at US dividend stocks, it's a good time now, especially with the Canadian dollars value.


Thank you

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