I am usually never sick but the cold weather of the last couple of days in Montreal left me sick. The worst was to have the feeling of not having enough sleep while I just wake up... After spending the whole weekend pretty much in bed, I am back on my feet. Sick or not, this weekend, I really wanted to update my portfolio and I did. My investment portfolio is now at $173 069.55. My net worth increased to 95k, making it very closed to the famous 100k. I have a bit more in savings than usual because of the paycheck that came in this week. I just cannot believe February is hitting on.
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Too bad, we’ll never going to know the value of my portfolio on this beautiful sucking MONDAY. I just had 2 days for me and I had to spend it half death in my bed. It hasn’t been a really nice weekend. Life is sometime really hard. I might have received some other juicy dividend distribution, but I will have to wait until tomorrow I guess to find out.
I was looking carefully at my non-registered portfolio when I came to the following conclusion: I have like a close 5k investment value in my non-registered portfolio that is not providing any juice at all. In my portfolio, First Majestic Silver Corp (FR) and JFT Strategies Fund (JFS.UN) are just laying there doing nothing for my business if you know what I mean. Luckily, I had partly sold my holding in First Majestic Silver Corp (FR) a couple of months ago. Mining companies can be hard to hold.
And FR is among them. Right now, FR is trading the below $18. FR is actually basically at the same value of the time of my initial purchase... It’s not fun of course, but I hope FR will get back on track soon.
I was holding FR hoping to make a bunch of money on the title. Unfortunately for me, the very evil Eric Sprott himself is an investor of FR. Is it because of Eric Sprott that First Majestic Silver Corp is falling apart? Who’s to blame?
In this case, FR doesn’t pay any dividend and is now doing absolutely nothing good in my portfolio.
As for JFT Strategies Fund (JFS.UN), the story is even worst. I had made some good cash by trading FR in the past. But on JFT Strategies Fund (JFS.UN), I never made one damn cent. I had been holding on JFT Strategies Fund (JFS.UN) since its public offering. I was quite excited to hold something being manage by Jean-François Tardif himself, ex-hedge fund manager at Sprott Asset Management.
And guess what happen?
NOTHING. Nothing happen! The fund never went over the $10 per share. Since its opening, I never been able to make money on the JFT Strategies Fund (JFS.UN). I was expecting Jean-François Tardif to deliver, but he didn’t. The man is blaming the stock market that is not the same as when he was in his golden years with Sprott in 2008-2009.
I wanted something magical to happen, I was expecting to get rich on the JFT Strategies Fund (JFS.UN) and NOTHING HAPPEN. And it’s pissing me off. How long will I have to wait before Jean-François Tardif started delivering again?
So here am I with a couple thousands in my portfolio. That money is not doing anything for me at the present time. What should I do? I think the only thing left to do is to pray God and the angels to HELP me. I won’t let this happen without doing anything. I have enough of FR but I certainly have more than enough of the Jean-François Tardif who turns himself into a manager who likes to fool us with his fund. ENOUGH. I have enough.