The silver of Eric Sprott trading like gold: Sprott Physical Silver Trust UTS (PHS.U)

I wake up late today (again!) and I was only able to take a look at the stock market on my way to work. I was shocked to see a TMX burning the old 14 000 points, but I was more shocked, completely amazed to realize that my Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) was exceeding the 34$ per unit! WOW! When I saw Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) running somewhere to 34.20$, I place my sell order and was able to sell immediately my 150 units at 34.24$!!! With the stress of the past days, I taught I was never going to sell HZU at profit. The past days, I saw HZU going as low as 29$ per unit... I didn’t want to miss my chance to decrease the amount due on my margin account, this was my time... the timing was perfect; I was going to make it after all and YES I DID IT. I sell HZU at 34.24$ per unit, making a profit of 98.50$ after sell and purchase commission (this is for you Frank). This amount is perfect as its covering the interest of 90.88$ own on my margin account. Absolutely perfect. This is exactly what I wanted. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) closed the day at 35.04$. I could had made more money out of my sell of course, but there’s no way I could know that HZU was going to close at 35.04$. No regret, just a lot of fun and exciting trading time. This is getting real interesting.

Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) or Sprott Physical Silver Trust UTS (PHS.U)?

I am feeling much more better now. BREATHE... The amount due on my margin had decreased. That 5k investment of mine in Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) was not even paying a dime in dividend anyway. Better to get rid of it! HZU is an ultra complex holding! Really not for an investor like myself. Hell no.

If you ask me to choose between Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) and Sprott Physical Silver Trust UTS (PHS.U), I will pick Sprott Physical Silver Trust UTS (PHS.U). HZU is much more volatile, very sensible to the outside aspect of trading. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) is far of being one of my favourite. It caused me a lot of stress among the way.

Sprott Physical Silver Trust UTS (PHS.U) is much more stable and reliable. I had been actively trading PHS.U since November 2010 and I am a huge fan of the Sprott Silver. The only thing I dislike about the Sprott Physical Silver Trust UTS (PHS.U) is that it’s difficult to trade it in a Canadian currency account. But... WOW. PHS.U has it all! PHS.U is certainly my favourite silver holding of all time! Big money can be made of the PHS.U. The proof being that the little investor that I made big bucks out of PHS.U. Despite its currency problem, it’s possible to make HUGE amount of money out of the PHS.U and I am going to tell you how, simply and easy.

So here it is, the Dividend Girl way to make huge profit out of the Sprott Physical Silver Trust UTS (PHS.U). Here’s the story behind. TD Waterhouse rep can be very helpful when you become angry and hateful after them. Remember this post? At the time, I was back home in New Brunswick for my uncle funeral. As always, I was closely watching the Sprott Physical Silver Trust UTS (PHS.U) as always and, as always, the PHS.U was running in fire, exceeding my wildest expectations. That was huge! I calculate I was good for a 300$+ profit, but the 300$ profit turn into something like 40$ after currency conversion. I will never understand this. PHS.U is a TMX ticket symbol. Sprott Physical Silver Trust UTS (PHS.U) trades on the TMX BUT trade in US currency. Why? God why? Anyhow, on that time, something happen that I wasn’t use to, the currency eat major part of my profit! I got ripped off by TD Waterhouse! AGAIN! ME? Being ripped off? NO WAY...

I got that incident in mind and a couple of days ago, I got upset to a point I needed to speak to someone and well, having no one to really talk to about my investment, I call TD Waterhouse. The one and only TD Waterhouse. As always, I went on the English line but got a lingual rep. I wasn’t lucky, but at least, I was able to speak my mind. And tell, I explain what happen, that usually, the currency was of far less than 4% and something. Sometime .2%, etc... What went wrong on that day? Why was it 4%? And there, in the moment, I told the guy: TD cheat on me! (I know, that was mean of me but...) Than, the rep explain it was because of the currency, that it was a value that was changing all the time etc... I know that of course, but still... 4%&?%!!!!!!! NO SENSE! HELPPPPPPPPPPP :0)

Following his explanation, I ask him how can I get rid of that currency thing? Could you please transfer my PHS.U units into the US account? PLEASE. Well, the answer was a big NO. Why? The following is very important and is the key to make HUGE profit out of the PHS.U.

Remember 4 words: TFSA, RRSP, PHS.U and WASH. According to the TD Waterhouse rep, I didn’t need to get my units of PHS.U inside the US account, because I was holding them in my TFSA. A register account, TFSA or RRSP is magic when it comes to trade PHS.U in a Canadian account.

I didn’t sell my PHS.U units hold inside the TFSA account and I don’t plan to do anytime soon. But in case of an emergency, I will sell PHS.U and now, because of that WASH thing, I know how to avoid the currency thing related to the PHS.U.

Simple and easy: whenever a profit can be made. Sell. In the evening following the sell (it can be made after 4pm according the TD rep), call in TD Waterhouse and ask for a WASH for the TFSA and, from what I understand, the profit made won’t suffer of a currency thing. Which mean that if you make a profit of 300$ while selling the PHS.U, you will have a 300$ profit at the end of the day. But at the only condition to request a WASH. A WASH can only be made inside a TFSA or RRSP account. Pretty easy to remember too. WASH like wash your dirty apartment, WASH yourself, WASH your dirty clothes lol.... But of course, you understand this is my own interpretation of some stuff that I barely understand: get a confirmation of a broker first BEFORE actually going on with washing.

That’s how I learn, in a moment of complete desperation, how to make money out of the PHS.U without having to worry about the currency. And I have, of course, to thanks TD Waterhouse for that. Genius. I still hold PHS.U in my TFSA on date of today.

I sell HZU at 34.24$

And made a profit of 98.50$ after commission. The money will remain on the margin. I have enough stress and NFI.UN took a plunge. We'll talk about it later.

My portfolio is performing well and I am exhausted

My non registered portfolio is now at 110k+... which mean I certainly might be somewhere or close to or, why not, maybe I am exceeding the 155k in assets right now. No matter how much I own now, it’s just WOW. I usually post an update of my portfolio when I make great gains but lately, I am completely drained. The past week really exhausted me because I had been working like normal in an abnormal situation while trying to get my view on everything. The situation in Japan and Libya caused me a severe stress. I had been trying to understand what exactly is going on and I try to predict the effect on my portfolio. I had been doing so for absolutely nothing at all, as the TMX gains points and seem to be stable. At least for now. But this being said, the situation could change quickly. I decided for now to take it easier and not to focus that much on what’s going on. It’s not that I don’t care, but if I don’t detach myself, I won’t be able to go through another week like the one I pass last week. Because in a way or another, I don’t plan to sell any of my investment anyway, if not just HZU and a few other one just to decrease my margin. The gains realize in my portfolio had been very good. But the question being: will the gains remain? I am confident that I may be able to make my profit out of the HZU very soon. For now, my portfolio had gained in value and the asset remains stable.

Saturday night Montreal Supermoon

Yesterday night was a Supermoon night. I have to say, the moon was particularly beautiful. After I finish work, I went straight to bed as I was exhausted of my week. But I was able to wake up at 10pm to see the Supermoon. I went all downtown St-Laurent Boulevard to the Old Montreal. Some people were taking pictures, but not too many. The Old Montreal was too quiet and there wasn’t much going on, expect at the door of night clubs. The Old Montreal can be kind of boring sometime, especially late at night. Everything was close there, not even one coffee shop was open. I was happy to be there anyway as I really wanted to see the Supermoon... I saw it, the moon was beautiful, as stunning as a precious stone in the Montreal sky. You’ll see a few pictures in here.

Does Montreal Supermoon = super investment portfolio time?

It’s been one of those weeks! Stressful and absolutely awful. I never went on so much market stress of my entire life! This time is very different of what I live in 2008 when I went down on my first ever mega stock crash. None can compare a stock crash to a natural disaster of course, but the negative effects on investor is the same: stress, stress and a lot of stress. Nothing that I cannot handle, but still! It’s insane!

I was under the deep impression my portfolio was going to go through the first post-traumatic Japan tsunami week without having to deal with too much lost inside my portfolio... I was so sure to be able to make it that I even place 2 investments: 100 new stocks of DH and 380 stocks of WEQ.UN... I am sure, but I still needed to be careful. But worst part is that this is far from being over! I had been carefully following the after of the Japan tsunami. I find it very arrogant from the US officials to go out and make public declarations over the situation in Japan. The US had been responsible for so much devastation in the word. For once, they should shut their big fat mouths and let the Japan government talk for itself. I taught the USA were going to be different under Barack Obama. Well, I was all wrong. It’s still the same arrogant country.

Despite the situation in Japan, my portfolio had performed extremely well and from what I saw so far, I think that my overall portfolio might had gain between 3 to 5 000$ today! This driving me right through the 155 000$! 200 000$, be ready, I am coming soon! Well, this is all very exciting at this time, but without exactly knowing what’s going to happen next in Japan, the infamous uncertainty of Gordon Pape remains and well, you know what Gordon Pape said: SELL, SELL, SELL! lol... This is making me laugh soooo much. I especially like my “Gordon Pape calling it quits”. I am selling out Gordon Pape right here on my blog.

I still have plenty of years in my hand (well, I hope). And it’s not exactly the case for Gordon Pape. So when Gordon Pape announced that investor should take advantage of the latest stock gains to sell and make some money of it, I don’t know if Gordon Pape was thinking of what he was going to do for himself as a senior very old investor, or if he ever had in mind the warrior princess of the stock market out there (LOL)!

Whatever had in mind Gordon Pape, I don’t know, but what I know is that, despite the horrible stress, I just don’t see myself selling, cashing out the money and walking away. Just like that. No no no.

I am still not over the stupid column of Gordon Pape. I think we wrote what he did because of his senior age. But this upset me in a strange way. As a public financial figure, the message should be more of “a invest wisely” rather than a rage sell me out. If every single investor begin to sell, the effects could be disastrous. And that’s what upset me. I am not against selling stocks, I am against selling in period of uncertainty.

The responsibility belong to the investor to sell or not, depending the level of confident in the market. I didn’t sell in 2008 and it’s not anytime soon I will... But it takes some of an unconscious mind to be able to handle such things. My mind is very conscious, I understand the risk I am taking, but I had been a buy-and-hold investor since I started investing in 2005. I don’t fear that much for different reasons. Surviving the 2008-2009 stock crash while being able to recover from money lost, well, just that may have just make me a stronger buy-and-hold investor. In my condition, the worst that can happen is that a couple of investments of mine getting sell because of a margin call without the call. Such event would represent right there the loss of 27 000$. Would it kill me? No, but it would certainly be a good call for my brain to become fully conscious for the first time ever in 30 years of life on Earth.

I am having that really strange feeling that I might be able to hit the 200 000$ in assets by the end of 2011. Or it could be just the Supermoon effect.

Fire detector and hope for the Toronto stock market

Lately, a lot had been going on and I got a crazy situation at my place involving a fire detector. We got an inspection today. And yesterday, I test my fire detector and it wasn’t working. I change the battery, it’s still wasn’t working! In a rush, I went to see if the concierge was at home... but she wasn’t there! What was I going to do? In my mind, I was afraid of getting a fine because this was an official inspection with the municipality.

Anyhow, in the morning of yesterday, I tried to see the concierge but she wasn’t there. So I did several places to get a fire detector and I didn’t get one. I went to work and after work, went buy a fire detector. Buying a new one was for me the only thing to do since I was at the last minute to fix this. And I was scared of getting a fine of what so ever. They are very good at doing so in Montreal!

And believe it or not, the detector I bough yesterday evening was not working either! I couldn’t make it work. In the evening, the concierge was not there either! I wake early this morning. Canadian Tire open at 8am so I went, and make sure the fire detector was working before leaving. After what, I got back home and went see the concierge. I was told it was ok but they were going to set a fire detector of their own... WOW! My problem is that I am so not good with my hands; I couldn’t install the new fire detector on the wall...lol...

That’s the incredible boring story that kept me running yesterday and today morning... Currently, I left the new fire detector on my counter and the old detector is on the wall. Before I left, the old detector work, but it was beeping beeping and than nothing well, that detector need to be change that’s for sure.

Despite reader comments, you won’t ever get me wrong... We are lucky here in Canada to have a fantastic stock market and it belong to small investors to take advantage of it. My non registered portfolio is close to 109k. I know my level of debt is high, but it’s not at the point where I cannot handle it. My newest investment in WesternOne Equity Income Fund (WEQ.UN) had done very well. I had done a good profit within a few days of holding the stock. Remember I purchase 380 stocks at 5.40$? Well, currently, WEQ.UN is at 5.67$. When I made this new investment, I knew it was a good one.

When readers send me their trading suggestion, I will do my search on the company of course, I will do my best but I have to say, my readers send me several very good investment. Just to name a few: DGI.UN, EIF, WTE.UN, STB, etc... All of those had performed very well. When I strongly believe that a company can be a nice fit for my portfolio, I won’t spend too much time at watching, I will buy, even at credit. I find it very cheap of some readers to say some stuff like, you are trading just to impress your readers. That’s not true. I write about what I do with my money to share my investment experience. I had been doing so since 2007. If I had been trading more lately, it’s because I have more credit facility due to my margin. While reading about EIF, I wanted to invest in it immediately. The company seemed to be so interesting. I wouldn’t wait for new cash to invest while money was available right there in my margin. So far, the overall investment experience had been positive and that’s what I want to let my readers know about. It’s not about showing it all and wanted to impress the whole wide world. I may sound something like pretentious sometime but it’s because I have faith in the companies I invest in and I pretty sure that, despite the situation in Japan, there’s hope for small investors like myself. There’s no place for calling it quit. My non registered Canadian portfolio is now at 109 039.78$ (that being 20 minutes ago...). GO! Now going for another day at work and I am already over it.

The new power is gas, according to the Globe and Mail

The following article from the Globe and Mail could explains EnCana magic gains of yesterday. This mean EnCana could continue to gain in value.

I am now at 151 121.80$

I didn’t calculate my portfolio and debt for quite some time. My RRSP had suffered the most from recent international events. My overall portfolio is at 158 655.56$. My dividend income (prospective one of course, including current gains) 7 533.76$. My debt level is at 71 773.63$. The interest own on debt: 3 534.33$. I can imagine a worth net of 83 347.60$, after including the dividend earning....

My investment portfolio on date of March 16, 2011

Savings:
303.57$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 375$
Timminco (TIM): 92$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 6 164.27$
Hanwei Energy Services (HE): 90$
Methanex Corporation (MX): 2 831.47$
Fortis (FTS): 3 455.03$
Pembina Pipeline Corporation (PPL):
9 570.30$
Just Energy Group Inc. (JE): 9 535.89$
Yellow Media Inc. (YLO): 2 487.76$
Pengrowth Energy Corporation (PGF): 2 700.40$
Enbridge Income Fund Holdings Inc. (ENF): 6 121.47$
Corby Distilleries Limited (CDL.A): 3 451$
Davis + Henderson Corporation (DH):
6 317.84$
Premium Brands Holdings Corporation (PBH):
3 382.08$
EnCana Corporation (ECA): 6 458.13$
iShares S&P/TSX Capped REIT Index (XRE): 2 176.02$
Horizons Gold Yield Fund (HGY.UN): 1 930$
Canfor Pulp Products Inc. (CFX): 1 670$
New Flyer Industries Inc. (NFI.UN): 2 351.70$
Capital Power Income L.P. (CPA.UN): 1 860$
Exchange Income Corporation (EIF): 2 030$
Rogers Sugar Inc. (RSI): 1 584$
Student Transportation (STB): 1 316$
Colabor Group Inc. (GCL): 2 364$
TMX Group Inc. (X): 3 756$
Data Group Income Fund (DGI.UN): 3 968.28$
TD Toronto Dominion (TD): 2 068$
K-Bro Linen Inc. (KBL): 2 042$
Westshore Terminals Invest Corp (WTE.UN): 4 512$
Horizons BetaPro COMEX Silver Bull Plus ETF (HZU): 4 402.50$
WesternOne Equity Income Fund (WEQ.UN): 2 036.80$

TOTAL: 107 145.94$

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 18.81$
Dumont Nickel Inc. (DNI): 460$
Sprott Physical Silver Trust UTS (PHS.U): 3 108.96$
Cash: 1.96$

TOTAL: 3 589.73$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 316.83$
Claymore Gold Bullion ETF (CGL): 4 245.28$
EnCana Corporation (ECA): 3 213$
Emera Incorporated (EMA): 6 389.76$
Cash: 94.56$

CIBC Dividend Growth Fund: 569.47$
CIBC Emerging Markets Index Fund: 399.17$
CIBC Monthly Income Fund: 1 052.98$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

TD Canadian Bond, TD Monthly Income, TD Emerging Markets, TD Energy, TD Precious Metals, TD Latin American Growth, TD Entertainment and Communications, TD Dividend Growth, TD U.S. Mid-Cap Growth: 1 110.90$

Maritime Life International Equity Fund
(Templeton): 642.45$
Manulife Simplicity Growth Portfolio: 923.71$
Maritime Life CI Harbour Seg Fund: 1 098.35$
Maritime Life Fidelity True North Seg Fund:
1 077.45$
Manulife GIF MLIA B World Invest: 627.94$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 569.48$
RBC U.S. Mid-Cap Equity Fund C$: 1 994.19$
RBC Global Resources Fund: 1 225.94$
RBC O'Shaughnessy International Equity Fund: 623.61$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 200.23$
RBC Global Precious Metals Fund: 988.45$

TOTAL: 39 955.84$

Social Capital at Desjardins Membership share
for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(86.72$):
151 121.80$

My debt situation on date of March 17, 2011

9 298.94$ at a low interest rate of 4.75% (RRSP credit line rates) = 441.70$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

7 914$ on a TD Canada Trust credit card at a low interest rate of 4.9% (result of a credit card balance transfer) = 387.79$ in annual interest

7 700.56$ at low interest rate loan at 5.50% (student loan) = 423.53$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

10 000$ at 7.27% (credit line rates) = 727$ in annual interest

31 960.13$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 358.31$ in annual interest

TOTAL: 71 773.63$

TOTAL in annual interest: 3 534.33$
[In date of March 16, 2011]