Archive | 2.33

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.