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Tuesday, June 28, 2011

On the road to (finally) sell Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

To begin, here’s today data according to TD Waterhouse:

Portion of the margin account that been used: 39 978.78$
Non-registered portfolio value: 111 351$
Money left available of the margin account: 21 518.13$

My investment portfolio is stable despite the financial storm going on right now. As long my margin account exceed the 20k in funds available, I think I will be able to go through this without too much trouble. Because storm is. Some analysts said that we’ll be facing soon another recession (but we’re already in one right?) and some other are a bit more optimistic and say we are on the way for recovery, but it will take time. As for myself, I prefer to manage my portfolio like if an upcoming second market crash would be on it’s the way. Better be ready for the worst. Personally, I don’t think we’ll be facing something as huge as the 2008 stock market crash. I think the market will be very volatile in the upcoming weeks and that’s why I am now more focus on having quality asset rather than high dividend yield payers. While focusing on quality asset, you’ll be protecting your portfolio to any eventually tornado.

Currently, my goal is to sell at 8$ per unit my investment holds in Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). This will bring more than 3k on my margin account. Following that sell – that I feel could be completed for this week – I would like to invest in a couple of shares of TransCanada Corp (TRP). This is very unfortunate because today was the latest day to invest in TRP in order to benefit from their dividend. I need very strong assets in order to go through an eventual stock market crash and TRP can do the job. I wanted to invest in TRP for a very long time now. Usually, it doesn’t take me that long to invest in something I really want to add to my portfolio. But at this time, I feel important to go with one thing at a time. First, sell HZD and after, invest in TRP. I want to remain at 20k+ on the available portion margin and for that, I need to stay in control.

Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) closed today session at a fantastic 7.37$. Good, but still far behind the 7.79$ I had purchased HZD. But I remain confident. In case of a sudden luck, my sell order is out there and ready to go. If this can be completed before I go in vacations, it could be absolutely perfect. And then, I could add another dog in: TransCanada Corp (TRP). Basically, that’s the plan.

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