Tag Archives: Chemtrade Logistics

Nice comeback Chemtrade Logistics

14 Nov

Making it’s way back up to $17 today after a major sell off past few days.  10 cents per share a month.  Can’t beat that, consistent distributor.  Missed my chance to buy back in at a low cost.

Still holding 300 shares strong in my margin account.  

 

Lowering Position in CHE.UN

18 Sep

Once Chemtrade Logistics Income Fund hits above $17 per share mark, I will be lowering my CHE.UN holdings in my TFSA account.  They haven’t been performing as well as I had hope in the past while.  Quite frankly, I am tired of seeing stagnant stocks in my portfolio.  It’s nice receiving 10 cents per share every month though.  I’ve collected enough to say goodbye to this stock.  I’ve put a lot of money into them, but it’s probably better somewhere else.  Or should I just tough it out and keep the way things are??  Ahh, every time I sell, stocks seems to go up…

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Planning on a Sleepy Portfolio

4 Oct

What would happen if I just didn’t do any trades for the year 2013?  At the end of the year, I’d have to withdraw from my Scotia and Questrade brokerage accounts for my upcoming down payment.  Just by keeping my stocks, I’d have a monthly flow of dividends and distributions coming my way.  Not to mention the potential of price appreciation or depreciation within the year.  Most likely, I see the prices of my stocks going up with a big question mark for CLF though. Here’s a break down of my current holdings:

Ticker Dis/Div Comments
BPF.UN       235.20 This is my superstar!
IPL.UN       450.48 Very strong contender!
CHE.UN    2,172.00 Invested lots, hope it appreciates.
KEG.UN        96.00 Classy dining unit trust.
BMO    1,152.00 Lagging behind other Canadian Banks.
CLF       250.00 This is my loser stock!
REI.UN       552.00 Newly aquired, it better go up!
WYN        92.00 Aquired for price appreciation mostly.
Total  $4,999.68 If I kept all my stocks for the year!

Collecting from Stocks- June Recap

30 Jun

There wasn’t any trades in June except for one BUY transaction:  CHE.UN – 300 shares @ $14.60 in my Scotia Itrade Margin account.  Scotia Itrade recently updated its website look.  With this change, their commission based price jumped from $19.99 to $24.99 per trade for assets under $50,000.  I am not too happy, but I’ll still keep my account active with the stocks that I’m currently holding.  Maybe this is a good sign to encourage me not to trade as often.

For the month of June 2012, I’ve collected a total of $216.14 in distributions from my unit trusts:

BPF.UN: $19.60
CHE.UN: $151.00
IPL.UN: $37.54
KEG.UN:  $8.00

All of my unit trusts are making me money except for CHE.UN!  Yet, I have the biggest stake in this particular unit trust.  Yes, I made the mistake of buy it at the wrong time.  Now, I deal with the consequences of being impatient and wanting to get into the stock when my capital was available.  The one problem I have is never wanting any freed up money to be sitting in cash.  That’s my pet peeve.  So I always try to buy a stock or unit trust right away which can be disastrous.

Never buy at the top, I’ve been hit hard by Apple… but if you believe in the company, please HOLD instead of selling out like I did on Apple.  Usually, I am a true stickler, but I just snapped during that week when everything was crashing down day after day.  Frustration and fear took over me leading to my own demise now.  Stuck with losses up to my neck.  Climbing out of the red will  be hard, but if I just forget about it and let my distributions flow… I’ll be ahead by not selling anything at a loss.

Averaged Down a Day too Early

8 May

Opps, I didn’t make a post on my buy trades from yesterday:

BOUGHT:  BMO- 200 shares @ $57.00, dividends $210 per quarter (accumulated 300 shares)
BOUGHT:  CHE.UN- 420 shares @ $15.71, distribution $150.10 per month (accumulated 1510 shares, my largest position to date!)

As you can see, today would have been better to average down.  Bad news is always around the corner.  My gains from previous months have been wiped out, I continue to stay the course and not panic.  Anyways, I’m going to be holding on these stocks for a while.  I’m not going to panick and start selling like everyone today.  It’s always a bummer watching your recent stock buys go down.  It is what it is.

Spring Cleaning

27 Mar

It’s been a long time coming.  Today, I decided it was time to say goodbye to some old poor performing stocks like 200 shares of Manulife Financial Corp (+$16.10), 110 shares of Pengrowth Engery (-$103.44) and last but not least, 300 shares of Potash Corporation (-$99.90). 

I welcome back Chemtrade Logistics to my core portfolio once again.  I had the misgiving of selling my shares too prematurely.  If I had kept them, I’d be several thousands in the green.  It is a unit trust pays 10 cents per month, in which, I’ll be receiving $109/month in distributions. 

QT RRSP-  240 @ $16.58
QT TFSA- 850 @ $16.58

I’m on the heavy ended on this stock, it’s a bit risky for me if the stock does go down a dollar or more. But I know if I’ll forget about for a year, I’ll be receiving $1308 in the end.  Of course, I hope shares will appreciate to $18 then I’ll be in the money!

Going Back to the Basics

18 Feb

Income Trusts have always given me a good return.  Time for me to re-enter and stay put this time.  That’s it, I’m done with my portfolio till I need to tweak it some more down the road.

QT TFSA- CHE.UN 200 @ $14.63 paying 10 cents per month
QT RSP- PGF 300 @ $12.34 paying 7 cents per month