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Thursday, August 4, 2011

Welcome back 20k on my margin account! You are here to STAY

For once, the stock market finished the day on a positive note. Having to deal with a market that keep losing points day after day after day can be quite heavy. It’s not fun at all. But finally, the TMX gains some points today! And guess who have more than 20k left on its margin account? ME! My non-registered portfolio closed at 108 682$. This left a 20 080.54$ value on my margin account. You know that, what I currently focus on is the ability to exceed and/or reach a minimum of 20k value on what is left as unused money on my margin. Its currently one of my obsessions. :0)

The market is showing some positive signs. I explain my silver investment situation in the previous post. Also, something very positive is that despite all, my investment in the Sprott Canadian Equity Fund is exceeding the 7 000$ value. It’s a good sign. 7 000$ is the amount I had invested in the Sprott Canadian Equity Fund in 2008.

By next week, I would very much like to invest in 100 units of Sprott Strategic Fixed Income Fund (SFI.UN). SFI.UN unit value is quite stable and I like that. I would use 1 000$ on my own pocket money. The 6% dividend yield is quite interesting. I want to bring in something new and very stable in value – at least so far. SFI.UN answered both criteria. I did not invest for a long time and I miss it. I am getting bored if not.

I can see myself going through this correction without too much problems now that the market gain points. But it’s really a day-to-day. The market is all twisted, weird and at the same time, full of surprises.

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