Tag Archives: Cliff Natural Resources

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!

Hindsight

20 Jun

Over a month ago, I sold off my positions in Apple and Cliff Natural Resources at a big loss.  Also, I let go of my winners like Mastercard and Starbucks to even out the playing field.  By selling those positions, I’ve loaded some unhealthy stocks into my portfolio like a penny stock which shall remain nameless and Google.  Those two stocks alone is giving me a paper loss of $4,000.  I will be stuck with these paper losses till it comes roaring back.  For now, I’m inactive in my portfolio.  It’s going into dormant stages.

SOLD @ May 17th VS If I had kept positions @ June 20:
APPL- $535 vs $585
CLF- $50.50 vs $52.55
MA- $406 vs $429
SBUX- $52.00 vs $55.55
COP- $51.60 vs $54.65 (I replaced COP for GOOG on May 21st)

My biggest mistake in this whole time is jumping in on GOOG instead of AAPL when Apple was showing signs of recovery at May 21st.  AAPL went up, GOOG went down.  All the while, I just hung on with the hopes it’ll follow in suit.  As you can tell, that never transpired. 

It’s been a while since I blogged about stocks.  I’m kind of mad at myself for selling out at the wrong time.  Now, I’m stuck with a big loss with not much room to maneuver.  Patience is key!  Never listen to others~

Grumble, Grumble

16 May

My portfolio took a big hit this week due to the European crisis mainly due to Greece in limbo as of now.  Thousands in paper gains were lost in an instant.  I should have listen to my wise foe who told me to cash out while I can before May…  but I tend to attached myself in stocks for the better or worse.  Is there no end to this down slide in sight?  The companies I hold are on a fire sale!  Roll of the dice!  Too bad, all my money is tied up in them at the moment.

Currently, the two stocks I worry about are Apple and Cliff Natural Resources.  I have over $30k on margin for both stocks and every day they seem to be tanking like crazy.  By putting myself on margin, I put myself at a bigger risk to lose more than what I have.

Today, I sold out SJR.B at a loss to free up my margin.  I bought SJR.B at the wrong time.  I thought it was bottom when I bought it, but then this week happen and the rest of it is history!

I was seriously contemplating liquidating some of my stocks to keep afloat… to minimize my losses especially in Apple and Cliff.  But I think I waited too long for that.  So I will wait until Friday to see if the market will show some signs of a recovery…

Nothing seems to be going my way these days.  Life is full of twists and turns.  One can be snuffed out in an instant.  There were a few tragedies that happen recently that hit close to home on the local news.

1)  A friend I know who’s coworker died tragically in a hang gliding accident.  It was her first time going tandem with an instructor, she wasn’t strapped in properly in her harness and she fell out shortly after takeoff.

  • Sometimes the thrill of an adventure can turn out tragically.

2)  My part-time boss’s landlord crashed his float plane out in Okanagan shortly after takeoff.  The plane caught on fire, he and two other passengers did not make it out alive.

  • He died doing what he loved.

3)  My coworker’s son-in-law’s cousin died in a car accident over the weekend.

  • Error in judgment can quickly turn deadly.

Sometimes, I wonder why I save so much?  Will I survive that long to actually enjoy the savings that I have accumulated.  Sometimes, you need to have a proper balance of enjoying life as it is and taking each day to the fullest!

Bloody Hell!

4 May

May has certainly lived up to its expectations.  The saying goes, “SELL IN MAY, GO AWAY!” with the notion that investors should cash in their investments and take the summer off.  Historically, summer time seems to prove to be the worst performing months of the year in the stock market.

In the meantime, I have sold positions in COS.TO and POT.TO to free up some cash.  However, I have dug myself a pretty big hole in my margin account.  My latest buys of AAPL and CLF have faltered and in the steep path for margin calls.  My optimism for the stocks to rebound has been short-lived.  This goes to prove that the market is unforgiving and you should always take precautionary steps to protect yourself.

If I see an opportunity to jump in, I will.  For now, I hang onto my stocks for dear life.  I shall take a buying break from the market, and see how the market will churn out in next week.

Busy Monday!

30 Apr

QUESTRADE MARGIN
SOLD:  BMO.TO @ 58.13, profit of $23.10, 0.4%
BOUGHT:  RCI.B.TO 200 @ $36.85; CLF 100 @ $62.23; AAPL 10 @ $583.70

QUESTRADE RRSP
BOUGHT:  POT.TO 100 @ $41.81

QUESTRADE TFSA
BOUGHT:  COS.TO 300 @ $21.68

Long Haul

23 Jan

Looks like I’ll be sticking with Mastercard for the long haul.  I had a couple of opportunities to selling Mastercard at breakeven or even at a little profit, but I had higher hopes for them!  So I kept it.  That was a mistake.  I should have sold and bought back at an even lower price of $338.50 that they’re going for right now.  My average is at $350.  So this is a longer term hold that I had expected.

I always hold the wrong stocks and sell off the good ones.  Like Cliff Natural Resources, they went on to go into the lower $70s.  I could have made my $500 plus some more quota if I only had held on.

ECA is making a nice buck today… If I sell now, I can meet my $500 quota for the month.  Should I wait for more profits or take it while I can?  I will ponder some more… before I make my decision.

Sell Limit for Cliff Natural Resources

12 Jan

Sticking to my word, I set a sell limit price of $70 for Cliff Natural Resources earlier in the morning of yesterday.  It sold shortly after in the day.  My profit is $369.96 for holding CLF for two days.  If I had held it to today, CLF jumped another 96 cents from my buy in price. 

Thank you CLF, I will buy you again when the time is right!

Side Note:  I bought MFC in my QT RRSP on January 9th- 100 @ $11.40.  Today, I sold it for $11.73.  My profit is low at $22.75, but I don’t want to hold onto this one for long as I want a monthly distribution for my RRSP.  Besides, I have another 200 shares at a loss $366.95.