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Sunday, September 8, 2013

Seriously? I am kicking Eric Sprott ass. No more silver for me.

I spent my Saturday evening counting my every single pennies. I haven't post an update of my investment portfolio since... March. So it was about time! The value of my overall portfolio is quite similar to what it was back in March. 

I had some stocks I am experiencing some trouble with stuff like Horizons Gold Yield Fund (HGY), First Majestic Silver Corp (FR), Veresen Inc. (VSN), Kinross Gold Corp (K), Just Energy Group Inc. (JE), EnCana Corporation (ECA), Canfor Pulp Products Inc. (CFX), Colabor Group Inc. (GCL), Crescent Point Energy Corp (CPG), Firm Capital Mortgage Investment Corporation (FC), and Heroux-Devtek Inc. (HRX). On those, I am in the red, I am loosing money. 

Silver and gold are experiencing volatility and its not helping me in any way. That's why I am having problem with HGY, FR, K, and not to add Sprott Physical Silver Trust ET (PSLV), Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust UTS (PHS.U). I unfortunately hold quite a bit of Sprott silver shit! In my US account, my TFSA AND RRSP account... And this is not helping me in anyway. However, I plan to hold on those troublemakers for now.

On the other hands, some of the stuff I hold are seriously kicking some ass, including Eric Sprott one. Bank of Nova Scotia (BNS), Methanex Corporation (MX), Pembina Pipeline Corporation (PPL), Fortis Inc. (FTS), Pengrowth Energy Corporation (PGF), Enbridge Income Fund Holdings Inc. (ENF), Corby Distilleries Limited (CDL.A), Davis + Henderson Corporation (DH), Premium Brands Holdings Corporation (PBH), iShares S&P/TSX Capped REIT Index (XRE), New Flyer Industries Inc. (NFI), Exchange Income Corporation (EIF), Rogers Sugar Inc. (RSI), Student Transportation (STB), TMX Group Inc. (X), K-Bro Linen Inc. (KBL), Westshore Terminals Invest Corp (WTE), WesternOne Inc. (WEQ), TransCanada Corp (TRP), Canadian National Railway Co (CNR), Enbridge Inc. (ENB), Agrium Inc. (AGU), Canadian Utilities Limited (CU), JFT Strategies Fund (JFS.UN), Bombardier Inc. (BBD.B), Black Diamond Group Ltd (BDI), Cineplex Inc. (CGX), Barrick Gold Corp (ABX) and BCE Inc. (BCE).

I am seriously kicking Eric Sprott ass on Methanex Corporation (MX). I purchased my stocks at $15, and now well... go check yourself, you,ll see how much MX worth now.

At this point, I did what I wanted with my money, I invest in what I wanted, I don't have much more investment inspirations if not to invest in Suncor. This is why I concentrated in paying my debt for the past couple weeks and I am happy with the results. I only have left $771.20 to pay on one of my credit line. I plan to pay if off by the end of October. Once completed, I will jump on my $11 140.17 TD Visa credit card debt. It doesn't look like TD is going to give me another promotional interest rate for credit card balance transfer. I haven't received news of any promotion so far... And this might be a good thing actually. 

I am a woman of the extreme, if I would had been offer a promotion again, I wouldn't be working at paying some of my debt at this time. And considering I pretty much have the portfolio I always wanted to have, with everything I ever wanted in it. I currently have something like $200 cash in my TFSA. I would like to transfer a $800 and following what, I could make my move on Suncor in my TFSA.  

Right now, the woman of the extreme is doing 2 things at a time: I am paying off some debt AND I am also dieting. I had loss 5 lbs so far, which is great, but I constantly have to watch myself. Its not hard for me to keep in mind that I am on a diet because I now have a scale and I use it every day and I write down how much I weight. This could sound like an obsession, but getting on the scale everyday is what's helping me the best, I find. Because I easily forget about things and I am use to go straight one thing to another and so in the past, I forgot numerous times that I was on a diet... But not this time, its not going to happen. I think losing a 10 lbs per month will work well with some walking around and by watching what I eat. I wouldn't like to spend money to go at the gym so I 'll try my way. I will also write a post about dieting; you'll be able to learn my dieting secrets.

In the meantime, go eat a f apple!!!


$25000 dividends said...

I’m also in the hole on JE. I bought ECA around $18.5 mark so I’m even and collecting dividends. I still think ECA is a good long term play on nat gas. CPG I’m in positive territory and have been collecting nice monthly dividends. Keeping Crescent Point for the long term is the smart thing to do.

I’m not a fan of your other stocks that are experiencing losses. Some of the ones that are doing well I also own. (Fortis, Rogers, BCE, etc.)

I also don’t like silver or gold. I bought Barrick a while back to gain exposure to gold, realized it was a mistake. The only commodity stock I own is Potash. I figure with silver, I’m better off hitting the casino on Ile Notre Dame.

Sunny: Pay off your debts first, you are really on the border, and not in a good way. There’s still time. I would knock off debt and delay buying stocks for now. Same with losing weight, trim fat off. Consider exercising too. Walking is ok but I find when I jog 5 and 10kms up the mount royal mountain and walk to work everyday (6kms) that I keep the weight off. I’m 6 foot at 185 pounds so I figure the most I can lose is 10 pounds , that’s not much. My portfolio is also quite slim, no debt and pure assets. Just the way I like it.

Anonymous said...

why don't you get rid of all those bad losers? what are you waiting for? better pay off your debt with all those losers. at least by paying off the debt you save on interest while those losing stocks do nothing for you... THINK ABOUT IT...

Anonymous said...

It's not fun updating your portfolio when you're losing money.
It doesn't matter how many good stocks you have, what matters is that you lost more money with your losers than you gained money with your winners and for that reason you have another year where you haven't made any money again while if you would be invested in a balanced diversified way, you should have gained anywhere between 6 to 10%. Like last year, you would have been better off invested in the Mawer Balanced Fund which is up 9.5% year to date with no stress about picking individual stocks.
You started the year with a portfolio of $165,000 and if you would have gained 9.5% you would have $180,675 plus what ever new investments you made during the year. This is another good year on the market. If you invested in diversified Canadian companies, US and International stocks you would be up over 10% for the year instead of losing money again. And before you start saying how patriot you are by supporting our Canadian companies, remember that the Canadian Pension Plan Investment Boards invest not only in Canada but all over the world because it realizes that Canada is only a tiny % of the world and it wouldn't be smart to invest in Canada only.

Christine said...

So interesting seeing you balance these debts on promotional rates and invest in your portfolio! I've just started some of the promotional rates and its very good! Before I had never really tried. But it can work... as long as you don't keep your debts with 20% interest rate, ha!

Anonymous said...

I think you are forgetting some trouble stocks like SII, MMP.UN, CHR.B, and DGI. Also, I fail to see how ABX and PGF can be kicking ass as both those stocks have lost half their value in the last 3 years. For that matter, FTS has hardly made any money in the last 3 years

Anonymous said...

too many losers too many garbage stocks too many crap = total disaster point final

Anonymous said...

fool me once fool me again, a fool never learn

Anonymous said...

pot was a good buy in the sub 30 range, now it's up 4 bucks...

Anonymous said...

Derek foster interview

Anonymous said...

You ar enot the only one whose portfolio was ruined by Sprott's products.

Just like there isn't a memory of what happened for the past few months and like nobody knows how's hte performance of his funds, Sprott enthusiastic or cunning as ever, predects the price of Gold to $3000 even $5000 next year :)


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