Archive | October, 2013

Added First Financial and Visa to my TFSA today

31 Oct

My timing might be a little rushed this morning, but I wanted to get in before the opportunity slipped by me.  I had cash sitting in my TFSA stagnant for the longest time.

This morning, I was surprised to see a $8/share drop in Visa.  They just released their earning reports on October 30th.  Visa announced strong earnings, authorizing a $5 billion repurchase program, and increasing their quarterly dividends by 21%. Yet the traders are pushing this stock down for some reason.

I picked up Visa- 10 shares @ $197.50

Also, I decided to add a strong monthly dividend payer to my TFSA.  Surely, I am missing the regular $127 per month distribution from my recent sale of Chemtrade Logistics Income Fund (CHE.UN) for Mastercard which is proven to be a good move after all.  I just I missed my chance to average down on Mastercard on two occasions earlier this month.  I hitting my head over it now.

First Financial is on a tear lately after they announced 80% jump in net income .  Am I buying at its highs again only to get burned?  

I picked up First Financial (FN.TO)-  500 shares @ $22.45

My dividend payout is $60 per month from First Financial.  But I hope that their stock price will appreciate in the time I hold it.  I’ve done well with BMO and I hope to replicate this by adding First Financial to my TFSA.

I am looking forward to the growth in my TFSA.  For the last few years, I’ve traded a lot.  I sold out stocks that I should have kept and kept stocks that I shouldn’t have.  I think my job is done here for the next while.

Disclosure of my TFSA holdings:

500 shares of First Financial
15 shares of Mastercard
37 shares of Visa

 

 

 

Stock Diary Flashback to May 31, 2005

29 Oct

Back in the day when I first started investing in stocks, I used to pen down my thoughts in my stock diary.  But from 2006-2010, I just stopped documenting my stock trades in which I regret now.

Summary of HDI trade:

Aug 2003- Bought 15 shares x $49.20 @ 1.4030

Mar 2005- Sold 15 shares x $ $61.21 @ 1.2230

Commission: $58

This is word for word from May 31, 2005:

Harley Davidson – I had a hard time letting go of this stock. I bought it at $49.20 @ 1.4030. The Canadian $ kept on rising so did HDI.  It traded around $59/share for the longest time. I held it for over 1.5 years.  It was time to let go.  Sold it at $61.21@ 1.2230.  US exchange killed any profits I could have had.  But a month later, its value dropped to the original price I paid for.  So it was a good decision to sell.

I should have listened to Dad.  He was right on the drop.  Told me to sell it when it was up there when the CAD still traded lower than USD.  But silly me, I held on to watch my stock devalue in the currency exchange.

Dad told me to buy Nortel @ $4 for 200 shares. I should have bought it cuz it rose to $10.  Profit of $1200. I’M STUPID.  All those missed opportunities.

….

But we all know what happened to Nortel… another sad Canadian icon going bankrupt.  It was a good thing I didn’t put any money down on Nortel.  Knowing myself, I would most likely get greedy and keep on holding only to lose out in the end.

Sold out CVE.TO- 100 shares @ $31.01

29 Oct

Cenovus Energy Inc. wasn’t doing much for my portfolio.  So I decided to end the relationship with them today.  I will be converting the amount to USD to lower the value on USD Margin.

Trade Summary

July 25, 2013:  Bought 100 shares @ $30.40
Oct 29, 2013:  Sold 100 shares @ $31.01
Capital Gain:  $61.00
Received Dividend: $24.20
Less Commissions: -$2.00
N
et Capital Gain:  $83.20

Amount invested:  $3,041.00
Percentage Gain:  2.01%
Percentage Gain including dividends:  2.74%

Number of days held:  97 days

 

 

GOOGLE has reached over $1000 per share!

18 Oct

Lately, I’ve been a little put off with blogging. Mostly due to the fact that I don’t get any recognition from other PF bloggers around the web plus the first couple weeks of October, my stocks took an overall beating in the markets.  Anyways, did ya all miss me?  Hello, anyone out there?  Am I just writing to myself?  LOL.

You can say I’m a stock rogue.  How many other Dividend Stock Bloggers out there own Google?  I haven’t seen Google in any of their portfolio except for my good pal: Freedom35.  Google doesn’t pay out a dividend, so “Dividend Bloggers” avoid it like a plague.  But Google is a good value play and still growing everyday.  For me, I am looking for share appreciation.  You know what?  I made a pretty penny out of it.

So how come I’m not on this SAVEINVESTGIVE blog’s list of portfolios?  It’s a great list of other blogger’s portfolio, I like to see what other people are investing in.  But I haven’t seen a single Google share held by any of them.  Go figure?  *Update:  I did make it on after all!*

My stock weightings are all over the place.  I invest heavily in a few selected stocks to just gobbling up one share in PRICELINE.  I don’t really diversify… it might catch up to me one day, but right now, I am doing fine.  I buy what I like when I like.  I don’t conform.  You need to realize that you’re the only one in charge of your own portfolio.  Listening to others will just be following the pack… not really breaking away and making it big.

Enough bitching for the day, I’m done.