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Sunday, July 31, 2016

Finally saying goodbye to Sprott Physical Silver Trust ET (PSLV)

I did a major portfolio cleanup job back on June, on Saint-Jean-Baptiste Day and I was very pleased. I finally got rid of CPG and a few other junk stocks that I could no longer stand having in my life. And now, my investment portfolio just feel like its better than it never been before. But there's still a few disturbing items in there that just seem like its keeping me behind. Its my last month as a 35 years old, so I am better move fast before I get... any older?!??!! August 27 is the date!! By the way, anyone would like to be my honey dip for my birthday? Really anyone! PLEASE.

For now, I have other concerns.

This is my new favorite YouTube song that I keep listening on and on and on.

My portfolio is a collection of variety of stocks that I pick for different reasons. But they all have this thing in common: I invested each and single of them because I truly believe I was making the right move. After all, its my money that I invest, not the money of the neighborhood! But I sometimes fail. Overtime, failures had made it possible to pop up the 164k net worth. When you lose money, you learn quickly.

For me, gold and silver investment is mostly behind me. I probably never again invest in silver. I still carry on stuff from my lucrative quick buying-and-selling silver units, an investment I was stock with because it lost value - and it never went back like it used to be and probably never will. That investment from very dark days is: Sprott Physical Silver Trust ET (PSLV). PSLV is in US dollars.I had lost $1 842 so far on PSLV.  Currently, my investment worth $1 232.45 (in US dollars). 

Its very sad for me, but I am not going no where with Sprott Physical Silver Trust ET (PSLV). I cannot continue holding to it. I could reinvested the money in a killer US stock and maybe one day recover form the loss. I will very soon sell off my units of Sprott Physical Silver Trust ET (PSLV) because I am very, extremely tired of having it in my portfolio.

Another problematic stock is EnCana Corporation (ECA). I bought ECA for both my non-registered and RRSP portfolio years ago. And I massively lost money on that one. For this one, my mind is not clear. Does ECA have any chance of recovery? I lost $3 913.27on ECA alone in my non-registered portfolio, and $2 225.24 in my RRSP. I guess you understand the disgust feeling I have while looking at it. To sell or not to sell, that is the question. In Stockopedia, ECA ranking is quite low. ECA is from their Earnings Downgrade Momentum Screen. I could worth to hold and see. But I am tired of waiting on this one. Still no decision made.

Another stock that is causing me vomiting no matter how much I admire the founder: Just Energy Group Inc. (JE). I lost $4 496.09 on that one. Sell or hold? Surprise: ranking on Stockopedia is good. But still no decision made.

Is about all of the most disturbing elements that I unfortunately have in my portfolio. For PSLV, my choice is made, but for the others, I still don't know.

1 comment:

Anonymous said...

Read Andrew Hallam's book on investing. Really enjoyed it. Thanks for the review.


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