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Wednesday, August 3, 2011

I hope my holding strategy is the best one: facing the stock market headache in front of my laptop day after day

The stock market is taking such of an ugly turn. I am still confident – despite it all – that I will be able to go through this but still, the experience is rough and the market is very depress. My non-registered portfolio closed at 108 470$, leaving a 19 944.83$ on my margin account. What I had been trying so hard to avoid actually happen now: I am now below the 20k on my margin account and it’s not something that I like. I don’t know how long it will take for the market to get back on track. Today, the TMX loss 193.31 points. Despite the market condition, the Sprott Strategic Fixed Income Fund (SFI.UN) closed at 9.95$, which I find very good knowing the units had been launched a few weeks ago at 10$. I finally received my Bank of Nova Scotia (BNS) dividend. Love it. Other than SFI.UN, Horizons Australian Dollar Currency ETF (ASD) seems to be another safe bet. Get rich or died trying and try until the end.

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