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Sunday, August 21, 2011

Seriously in business with the Sprott Physical Silver Trust ET (PSLV)

The pass week had been difficult for my portfolio. Here are the data for this last Friday:

Non-registered portfolio value: 106 387$
Money used on margin: 43 664.23$
Money left on margin: 16 249.97$

This week had been mark by my sell of HZD, among other. I don’t know if I will be able to invest in CNR anytime soon like it was planned because I am running short on cash. But for sure, when I will be able to do so, I will be investing in a few stocks of CNR.

Something very special happen on Friday. On Friday, for the first time ever, my investment in Sprott Physical Silver Trust ET (PSLV) had gained in value. Sometimes, I can have the worst horrible timing ever! I first invested in PSLV when the units were at their highest value ever, somewhere around 22$, just BEFORE the silver crash... Following the silver crash, I decided to buy more of Sprott Physical Silver Trust ET (PSLV) units. That time, the units were at 16$. So with a mix of 22$ and 16$ units, I was able to make my way. My initial investment value in PSLV worth 3 075.16$. My investment in PSLV closed Friday session with a 3 127$ value! Nothing huge, but I had been able to recover from the silver crash and from now on, my investment in PSLV can only grow more.

As for the Sprott Physical Silver Trust UTS (PHS.U), I own some units in my TFSA and my RRSP. In my TFSA, I had been holding PHS.U for quite some time. My original investment was of 3 114.60$. The same investment closed Friday at 4 013$, a 898.40$ gain. My RRSP investment is more recent. My initial investment was of 1 188$. That investment closed Friday at 1 338$, a gain of 150$.

Another positive sign: my Sprott Canadian Equity fund investment closed Friday session at more than 7k. As long this one can exceed the 7k, I am happy! Because I originally invested a bit more than 7k in this one back... in 2008. This investment is a survivor of the 2008 stock crash.

It’s very difficult to make money in these market conditions, but adding silver and gold to an existing portfolio can help create value and minimize the lost. My portfolio closed Friday session at 106 387$. Not too good, but not too bad either. I am now able to emotionally manage the market crash better. It’s something I am getting use to... Because for me personally, the biggest crash I lived as an investor was one of 2008. That was like 3 years ago... There’s a major different between a normal and desire market volatility and a stock market crash. And the difference is not easy to live.

Despite it all, I am going through this. My margin account is adding more risk, but I have a 8k I can transferred to my margin account in case of need. Some of my very strong asset makes it possible for me to go through those difficult times.

Despite the crisis, this small cap had performed extremely well: WesternOne Equity Income Fund (WEQ.UN). I closed Friday session with a gain of 203.01$ on this one. So thank you, kind reader share this precious one with me... Try to find a top small cap performer in these market conditions... It is really that difficult at this time!

Luckily, I always have in my portfolio good performers. So the good ones help bring some fuel to the bad ones... I am happy to be able to spend my days following the market and work overnight and in the weekend only. I am about to turn 31 sometime soon and I had all the luck of the world. At least so far.......

1 comment:

john said...

time to sell some of yout silver investments at a profit. 3 years to recoup back to your original price is a long time. sprott fund has a load of gold in it too. gold and silver are pure speculative plays, better watch yout. a profit is a profit. don't be greedy. it seems you are chasing after what's hot these days like gold and silver which is usually a sign a crash will be coming for thse metails.


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