Archive | March, 2013

Up and Down: Re-Entered POT.TO

26 Mar

HAHA, I lied!!  Already, I am buying something!!  I need some action!

Here’s another swing trade for me:  POT.TO-  100 shares @ $39.90.

I’m only buying 100 shares this time as I don’t want the risk of the share prices to go down even further.  So I’m jumping in with 100 shares.  If it dips below my buy in price, I might add another 100 shares to average down.

I think the support for Potash is around $40.00/share.  Today’s market is up for most part, I’m surprised to see fertilizer stocks in the red.

Pumping up my Margin account

25 Mar

I’m tired of paying 6% on my Questrade Margin account, so I am transferring $7569.86 over to bring my CAD balance to zero.  I still have a balance of $1938.09 USD which I am going to leave as the Canadian dollar hasn’t been strong lately.  Don’t want to pay extra conversion rates.

I think I am going to take a break from trading in my account unless I see an opportunity to jump in or out.

Quarterly Update on Overall Portfolio

23 Mar

This year, I vow to be more accountable for my trades by blogging about my mistakes and triumphs.  I’ve already taken some heavy losses in my TFSA (Apple) and RRSP (Cliff Natural Resources and Just Energy) accounts that are non-taxable.  By getting rid of the bad seeds, I hope to replace them with steady growing dividends (Visa and AT&T) and forgetting about them.  If things head south in the upcoming months, I will NOT sell out like I did last year which cost me dearly.

In the previous years, I haven’t been keeping a good track of my overall stock performance in my portfolio.  I would take money in/out of my MARGIN and TFSA accounts on a whim.  I would trade at a loss or profit many times over.  But the question was how was I doing overall?

2012 was a bad trading year for me.  I took a loss of $1839.70 trading 25 times over.  This loss could have been totally preventable, but greed and impatience had led me to questionable penny stock picks.  Strategy for 2012:  Buy and Hold… it’s a boring method, but in time, it will all pay off.  But I will do some swing trades on the side with $10k.

Quarterly Update- March 22, 20013

Steamed Black Bean Spare Ribs

23 Mar

One of my favorite things to make for dinner is Steamed Black Bean Spare Ribs.  This is a quick and easy recipe that can be thrown together in an instant.  To steam:  boil your water in a pot, add your dish with marinated spare ribs into the pot, cover and forget for the next 30-40 minutes.  You can always leave your spare ribs cooking longer if you desire a more tender bite into your meat.

Breakdown Costs:

1 pound of cut spare ribs- $2.50
estimated combined sauces- $1.50
Total cost of this dish is $4.00

Add generously to your raw spare ribs:  Black bean sauce, garlic, garlic rib sauce, soy sauce.  You can also add finely chopped ginger in here, but at that time, I didn't have any in the fridge.

Add generously to your raw spare ribs depending on your taste: Black bean sauce, garlic, garlic rib sauce, soy sauce. You can also add finely chopped ginger in here, but at that time, I didn’t have any in the fridge.

After it has been steamed for a good 30 minutes, the juices will form and will give extra flavor if you pour it over your rice.

After it has been steamed for a good 30 minutes, the juices will form and will give extra flavor if you pour it over your rice.

 

 

Graph for Monthly Views on my Blog!

19 Mar
Today, I hit my 10.000 view.  This is how I made it here after 3+ years of blogging about stocks and my own ramblings.

Today, I hit my 10.000 view. This is how I made it here after 3+ years of blogging about stocks and my own ramblings.

This graph actually looks like a promising IPO of a stock!  Started out slow, but gaining some momentum after its second year and keeping its current views.  Thanks for reading what I have to put out.  I am only here to inform and spread the word on smart investing and savings to a better life.

Rome and Mediterranean Cruise

19 Mar
Mountains peaking out from the clouds, our long journey to Rome!

Mountains peeking out from the clouds, our long journey to Rome!

Sunny and bright on our first day in Rome, but brrr it's cold!

Sunny and bright on our first day in Rome, but brrr it’s cold!

Exploring all day, we finally found a pizzeria to chow down.

Exploring all day, we finally found a pizzeria to chow down.

Day two:  A rainy day... inside the Colosseum!

Day two: A rainy day… inside the Colosseum!

Part of our admission to Colosseum, we get to visit this huge site full of ancient ruins of Rome.

Part of our admission to Colosseum, we get to visit this huge site full of ancient ruins of Rome.

Free admission into the museum, spectacular views from the roof top.  This is just before the thunderstorm rolled in where we got drenched trying to make our way back to the Metro in the dark.

Free admission into the museum, spectacular views from the roof top. This is just before the thunderstorm rolled in where we got drenched trying to make our way back to the Metro in the dark.

Third Day:  Took a leisurely stroll on our way to Vatican City

Third Day: Took a leisurely stroll on our way to Vatican City

Walked across the bridge to find older or abandoned buildings.

Walked across the bridge to find older or abandoned buildings.

At Vatican City, long line to walk through this amazing church and crypt.

At Vatican City, long line to walk through this amazing church and crypt.

Every corner you turn, there is a piece of art work.  A spectacular collection!

Every corner you turn, there is a piece of art work. A spectacular collection!

It's time for some cruising and pigging out!

It’s time for some cruising and pigging out!

Many marble statues rescued from the site.

First port day, we rented a car and drove to Olympia.  A 30 minute  drive.  Many marble statues rescued from the site but in bad condition.

IMG_0447

Some guys like to strut their stuff!

It looks far from where we are, but it was a nice walk up to the top!

It looks far from where we are, but it was a nice walk up to the top!

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Spring Cleaning in my RRSP

14 Mar

Sold out my loser stocks in my RRSP (CLF & JE.TO) for a better healthier portfolio.  Long term, they might have recovered.  But I want to replace them with a healthy dividend stock that will grow over time.  

Welcome, AT&T (T) to my RRSP portfolio.  Bought 109 shares @ $36.7899 with a yield of 4.9%.  If they keep churning out those dividends, I will collect $196.20 per year.  I think over time, they will continue to grow as more Americans will need coverage for their cellular needs.

 

New Buy: G.TO 200 shares @ $33.08

13 Mar

Gold hasn’t been doing well of late.  It certainly has shown in its share prices.  Could I be picking this up near the bottom?  I’ve never been a big gold fan, but I will trade the odds and see where Goldcorp will go.  Paying out a nice little 5 cents/share per month, this might be a keeper for a longer term holding?  

 

 

Trade Alert: Sold POT 200 shares @ $42.615

12 Mar

My first successful swing trade on margin with no emotions!  I held this stock for seven days and made a tidy profit with no major worries.

Bought:  POT 200 shares @ $40.31
Sold:  POT 200 shares @ $42.615

Profit of $461.00

I haven’t accounted for the margin interest cost and commissions.  I’ve succeeded my monthly goal!

Time to think of another stock to buy.

 

 

 

Tax Man going to get me this year

8 Mar

There is a wealth of information in your personal CRA account.  It lists all your previous tax returns that you can look back on, RRSPs, TFSAs, GST credits and so forth.  You can even look up your T4 statements for 2012!

It’s been a while since I worked at my part time job, so I haven’t picked up my small cheque and T4.  But I was able to pull up my T4 for 2012 from the CRA site.

After entering all my T4s, RRSP contribution of $1064, and one donation slip, it looks like I’m going to be owing money to the government.  @_@  It’s too late to contribute to my RRSP to lower my income for 2012.  Now I have to write a cheque to the tax man.

The worse is yet to come as I am still waiting on my T3/T5 and trading summary from my brokerage accounts to figure out the final damage.   At the moment, the balance owing is $225.05.  Update:  I chatted with Questrade Rep online, March 15th is the date to look out for your tax slips! 

On a brighter note, I like to introduce StudioTax 2012 to any Canadian Tax Filers.  This is a free tax software.  You will have to download their software onto your computer to fill our your tax information.  This is net file approved by CRA.  If you like to do it the old fashion way, you can print out the paper version and mail it out.

I’ve been using this since 2010 and I haven’t had a problem with it.  It is a simple fill out online form, but it gets the job done.  Of course, it does not compare to the top ranking Turbotax or Ufile where they have a nice interview questionnaire that takes you through step by step.

But hey, Studiotax is free!  And you know how I like my freebies!