Social Icons

Saturday, January 2, 2021

My last investment of 2020: Welcome in my non-registered portfolio The Ether Fund (QETH.U)!

I had updated my portfolio earlier and it happens that I closed the year 2020 on a net worth of $259,661.24, just so super close to the 260k! This $259,661.24 marks my highest net worth value EVER. This is quite bizarre knowing that I had reached my highest value ever during this COVID pandemic. Despite it all, the TSX remains super strong. Usually speaking, following big gains on the stock market comes shortly after lower days. A correction could happen, and it will happen, but one thing for sure, when it will happen, it's not going to be fun, especially now that I am on my highest value ever. I am, however, optimist, I am under the impression that we will continue to surf on TSX in good shape for the months to come. The vaccine needs to be working. I wasn't able to celebrate my 40th birthday properly, and either my dad 70th, which suck to the highest.

Have you noticed anything a new in my latest portfolio update? I have some cash (but unfortunately my margin debt had grown a bit, I am now at $50,731.14! And are you noticing any newcomer in my non-registered portfolio section? :-)

Following my finding of Bitcoin Fund The Class A units (QBTC), The Bitcoin Fund (QBTC.U) and The Ether Fund (QETH.U), I couldn't resist the temptation. I wanted to place one last investment to close this 2020 chitty year on a high note. I have to admit, I wanted to do what I personally like to name as a quick hit-and-run sassy move on The Ether Fund (QETH.U). By this, I mean that I wanted to buy some QETH.U units, and if possible, sell of them on the same day. I do this sort of trading once in a while, but not really often. I am pretty sure that it might be pretty hard for a day trader to perform their art over the TSX. Since our TSX is so strong and is, what I consider as being the best stock market on Earth, knowing that, the conditions are not optimal to find stocks that will register quick gains in one day. But when I found Bitcoin Fund The Class A units (QBTC), The Bitcoin Fund (QBTC.U) and The Ether Fund (QETH.U), I taught: DAY TRADING TIME!!! Just to spice up things a bit. Because in time of a pandemic, you get your excitement on your own, and by any means. 

Such investment moves are riskier, of course, so my advice would be to play only the amount you feel comfortable to lose, just in case... Personally, when it comes to The Ether Fund (QETH.U), yes, my idea was to cash - eventually - any future capital gains, but I don't mind if some time pass by before the happy moment actually happens. When I bought my The Ether Fund (QETH.U) shares, something strange happens. I don't know if it's also the case with Bitcoin Fund The Class A units (QBTC) and The Bitcoin Fund (QBTC.U), but with The Ether Fund (QETH.U), it's like the weirdest thing ever. QETH.U trades on the TSX, but it's trading price is in US dollars. Basically, we have a Canadian asset that is trading in US dollars on my precious TSX! This is quite scandalous for me. But I proceed with the buy order anyway. 

In the past few days Ethereum (ETH) had been in good vibes. Just a few hours ago, ETH reached $1,0001.54. Currently, at now 10:08 pm Eastern Time, ETH is at $990.46. Ethereum (ETH) highest value for the past 52 weeks was of $1,001.60. The fact that we are currently - at 10:08 pm - closed to those 52-week high is a good sign. It's a sign of stability in the value and I like that.

2 comments:

Anonymous said...

And now it is 1300.1 :) !!! Jan 4 4:36 am

Sunny said...

It's exciting! And at 6:46 am, GMT - it was: $1,449.94!!

 

Thank you

Thank you for visiting!
 
Blogger Templates