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Saturday, July 12, 2014

Make some easy money by investing in the JFT Strategies Fund (JFS.UN)

Getting back to work after a vacation is always very hard. I find it awful to go back in the beat after a week. And even worst after a 2 weeks break, but its how it is for now. But no job mean no money and I need all the money of the world, especially now. I keep reading a bit everywhere about the probability of a stock market crash, a deep correction that could take away 25-30% of the current market value. I had been reading such news for a little while now. With my last paycheck, I had a $1 400 available and I decided to put the cash away to decrease my margin a bit. When the market crash, I hope to get my hands on cheaper stock.

At this point, its not too hard to control myself not to invest in anything because I didn't have any new investment in mind. When I saw I had a $1 400 available I wanted at first to transfer that money + $600 from my margin over my TFSA and make a 2k investment in the fabulous JFT Strategies Fund (JFS.UN).

I had been holding on to some units of JFT Strategies Fund (JFS.UN) since its initial public offering. I first heard of Jean-François Tardif a few years ago when he was still working at Sprott and of course, his performance on the stock market is what got me. And not too long after that, Tardif retired. During that time, I knew he wasn't going to stay away for long. When you had taste glamorous performances, interviews and everything else, can you really stay away from that for long? My answer to that had always be no. When you are a good fund manager, a real one remain in maybe not for life, but for a veryyy long time. The waiting time had been long, but when I learned that my Jean-François was coming back, it didn't take me long to call TD Waterhouse and jump in the IPO of JFT Strategies Fund (JFS.UN). Just sooo terribly smart move!

This time was more interesting to me because when Tardif was at Sprott, the fund he was managing wasn't accessible to small investors: it took $100 000 to enter into his fund. Now, everything is different and JFS.UN is better than any high fund or mutual funds because its easily accessible to any type of investors on the stock market. You can buy and sell some JFT Strategies Fund (JFS.UN) units anytime when the Canadian stock market is open. And I love that accessibility and it match perfectly well Tardif persona.

In a certain way, Jean-François Tardif shares a lot of things with Francis Chou. You won't read a lot about them, both are really not stars wanna be like Eric Sprott, but both are sooo mucch better than Eric Sprott in so many ways! F gold and silver.

Funny thing is that I almost the only blogger who keep writing about Jean-François Tardif so when I try to find out on Google if anything is new about him, well most of the time, I hit on my very own blog in my search results and it make me laugh every time. aha!

The JFT Strategies Fund (JFS.UN) doesn't pay any dividend but that doesn't really matter. I had explained already how I made $500 after commission on JFS.UN. But I am going to explain again to make sure everyone can understand how you can make $500 by $500 without having to do much.

The key is capital gain. But first, you have to know a bit of Jean-François Tardif history. When he was at Sprott, his fund was among the top performer in Canada and the crash of 2008 didn't change that. So what you got by investing in JFS.UN is precious. Not too much managers can exceed the TSX performances and not many of them have the power to protect the value of the money during rough time, and rough time could be ahead soon in a couple of months or less.

So this is how to make big bucks on the JFT Strategies Fund (JFS.UN). Try to get together a $2 010, get the money transfer if possible into your TFSA. By for 2k worth of JFS.UN units. Wait until the investment hit on $2 510. And when it does, sell for $500 value of JFS.UN units. Don't sell the initial 2k investment, that's your investment cash cow money. Repeat the operation every single time your JFS.UN invesment hit on the $2 510 value. Et voilà, that's how to benefit from the JFT Strategies Fund (JFS.UN). And the benefits are better inside the TFSA.

In my case, I made the operation inside my non-registered portfolio. I will have a bit of tax to pay, but i spend a bit during my vacations and I was in need of money. I would love to invest a 2k in JFS.UN inside my TFSA, but right now, my non-registered portfolio seem to be on a decreasing value and I am a bit scare for my margin.

On the other hand, I have $15 000 available on my credit lines and I could - like I did before, transfer some credit line money over my margin and get it back in the credit line one the market close... I did it before, so I can do it again right?

As you can see, I am not done dealing with my demons.

And Jean-François Tardif is my demon so stay tune because you can't really know what could happen next. Watch for it.

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