Canada Bread Company Ltd (CBY) stop being trade on the TSX. CBY had been buy by a foreign company and in result, it no longer trade. I didn't make much money on this trade. following the departure of Canada Bread of the TSX, I got back in hand a good $2 500. For now, the usage of my margin is reduce to $68 000. I have left just over 9k of available cash on the margin. I am not tempt by any other investment at this time so life is little boring.
Now that CBY is gone from my non-registered portfolio, my dividend income is down to $6 155.83 or the equivalent of $513 per month. Not too bad. I had spent quite some money in May. My next investment will only be made in the second week of June. I am thinking of The North West Company Inc. (NWC). A $1 500 investment in NWC will only add me up to what I use to be before CBY took the door.
My Encana Corporation (ECA) shares are slowly but certainly going back to its old original value. I didn't have it easy on that one. Slowly after investing in ECA several years ago, it value went down, and it had been hard to get it back on track, but I knew it was the right thing to hold. Its new IPO could indirectly bring in some value to the title, its something to watch and it definitively deserve a hold.
We barely ever heard of my man Jean-François Tardif but his fund is doing well inside my portfolio. Unfortunately, the JFT Strategies Fund (JFS.UN) doesn't pay any dividend. The strategy to have with the JFT Strategies Fund (JFS.UN) of Jean-François Tardif is very very simple: use the man and his fund as your cash cow.
What is a cash cow? Let me explain it all. ;--0) ahah!
I had been holding on to JFS.UN since its IPO. Since that time, my investment grow of $490. The thing with a cash cow is to keep the initial investment in the stock market and once a reasonable profit is made, $500 or more, you sell what is left over. JFS.UN is performing well, but it doesn't gain value as quickly that I would like it too. But patience pay off. For that reason, it could be of a very great idea to make an investment of at least 2k in JFT Strategies Fund (JFS.UN) inside a TFSA. That way, each time you do the cow cash thing, you won't get tax on the capital gain. I plan to do that one day.
Without really knowing, I have a lot to do with my little money.
I haven't heard from Jean-François Tardif for a very long time so I had transformed him as an animal.
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4 comments:
JFS.UN is a hedge fund with a long-short strategy. Inherent Risk in this investment explained: "For example, hedge funds are typically not as liquid as mutual funds, meaning it is more difficult to sell shares; the strategies they use could lead to significant losses; and they can have high fees. Additionally, equity long-short strategies have some unique risks. The main one is that the portfolio manager must correctly predict the relative performance of two stocks, which can be difficult. Another risk results from what is referred to in the industry as “beta mismatch.” While this is more complicated that we can explain in detail here, essentially, it means that
when the stock market declines sharply, long positions could lose more than short positions."
Know what you're buying.
You are right about hedge funds in GENERAL but none of this apply to Jean-François Tardif fund because he keeps beating the market years after years.
So MORON, get to know the manager of the fund before putting your shit on my blog ok
Odd you make the claim he's beating the market, cause according to the jfs website, he's lagging the benchmark at every time interval...
http://www.firstasset.com/products/overview/?fund=JFT+Strategies+Fund
Hello,
Been coming to your site for a little while now and I can really appreciate the stocks you highlight on your blog. Most bloggers focus on the American stocks and markets and while I enjoy reading about the USA markets/stocks it's nice to learn about many of the great Canadian dividend companies out there as well. Thanks for sharing.
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