Tag Archives: IPL.UN

IPL.UN has turned into a Corporation

9 Sep

On September 3, 2013, Inter Pipeline Fund has successfully converted from a unit trust to a corporation.  They changed their ticker symbol from IPL.UN to IPL.

Through this conversion, my average price is skewed as they “received” my 435 shares @ $24.458 as of September 3, 2013 in my Questrade RRSP account.  That is not my average cost, so I have to go back into my account history and dig up my original purchase price plus all the DRIP shares I’ve accumulated since February 2013 to calculate my average cost.  What a pain in the arse!

January 23, 2012:
429 @ $18.0033 = $7,723.45

DRIP shares from Feb-Aug/2013:
6 @ $23.6817 = $142.09

Total Average Cost:  435 @ $18.0817= $7,865.54

Bought Chevron (CVX) today

25 Jun

June 25th, I bought Chevron on margin in my Virtual Brokers.

CVX:  25 shares @ $117.30

Markets have been depressed of late.  When I checked my stocks on Monday morning, my heart sank a bit.  Red was blinking all around.  Monday’s sell off was hard to swallow.  My paper gains dropped hard and fast. 

Inter Pipeline Unis dropped 36% first thing in the morning.  TSX halted trading activity immediately to combat this forceful sell off.  Fortunately, when trading resumed a couple hours later, IPL.UN recovered and is trading at its normal price. 

This must be a trading error made by the big boys.  Floods in Calgary may have impacted this little fiasco.  Goes to show you how ruthless the markets can be, if you snooze a bit.  Disclosure:  I will continue to hold IPL.UN as I see no reason for this plunge to happen again.

But it sure did give me a scare though!  Just before I woke up, I had a dream about a tanker truck exploding on the highway as I was on ramp to enter.  Could this be a foreshadowing dream for things yet to come?

Year 2012, a ton of regrets.

4 Mar

A series of mumbling that won’t really make sense to most of you, but I need to put this out there to get this off my chest.  

2012 was a very bad trading year for me.  I got impatient, I got greedy, I got anxious.  I sold out GOOD stocks for NOTHING.  All I can do now is recoup and start over again.

First mistake, I sold out IPL.UN, MA, SBUX in May 2012, when stocks faltered a bit after reaching its record high.  I kept loser stocks like Cliff Resources for no good reason, now I am stuck with a 50% loss that is bringing my portfolio down overall.

Second mistake, in summer of 2012, I was holding RCI.B 200 shares @ $36.85 and SJR.B 500 shares @ $19.68, eventually I sold them out for a loss to buy penny stocks that lead to a greater loss of $8,000.  Yes, I got greedy and it cost me dearly.  Today, RCI.B is at $49.38 and SJR.B is at $24.61 respectively. 

Third mistake, I sold half of my GOOG shares for $620.  When I first bought into the stock at $612.68/share, all it did was head below my buy in price.  I thought to myself, is this another APPL mistake?  When things started to turn upwards, I reduced my shares as half of it was on Margin.  If I had kept my orginal shares, I would be $5000 in the green.

One of my biggest regret is not selling Great Quest Metal at its peak.  I could have made a cool ten grand, instead I kept it and price went down and down till I sold out for a measly $1,250. 

Always be aware of your stock, in which direction it goes.  It may treated you well in the past but it can turn on you in an instant.  

Moral of the story, pick good stocks and hold on to them instead of following the next hot thing.  I don’t do much research myself on picking stocks.  I just go with my gut instincts.  I have held and sold out many stocks (Agrium, Great Quest, Mastercard, Starbucks, Visa) that went on to gain multiple times.  Maybe, it’s time for me to step back a bit and just stick with what I have instead of chasing a stock for quick profits.

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.

Monthly Trading Goal Achieved!

28 Apr

My goal of realizing a profit of $500 per month was finally achieved when I sold my Mastercard on April 24th in my Questrade Margin account.  I held Mastercard for nearly four months and it has done well for me.  Even though, Mastercard went on to close at its 52 week high of $457.58 per share, I am happy with my emotionless trade.  I sold 10 of 40 shares of my Mastercard to lock in my gains.

Year to date, my realized gains were $2023.07 with a percentage gain of 3.64% which is not the best considering the amount of money I used to trade in the stock market.  Right now, my main focus is to monitor the progress of my stocks to maximize my profits and add new stocks for hands on active trading.

In my Questrade Margin account, I have a negative balance due to me averaging down on Apple.  After the spectacular earnings report from Apple, the stock gained most of its losses from the past week and a half of losing its footing.  However, the next couple of trading days, Apple seems to be trading negatively.  I may make an earlier exit if the opportunity arises.

I am quite disappointed with my trades in Just Energy and Inter Pipeline, now I have extra cash in my RRSP and TFSA account doing nothing.  If I had kept the stocks, my share price would have jump back up prior to the down slide, and I would have continued to collect my monthly distributions from these two companies.  Maybe, it’s a sign for me to move on and invest elsewhere.

Finding and researching stocks take patience and some luck as well.  If you pick the right stocks at the right time, you can really hit it big in your portfolio.  Pick a few stocks and monitor their progress from day to day to get a feel at how they’re trading.  When you feel the stock has reached a buying opportunity, jump in and let it ride till you feel it no longer serves you well.

While everything was up…

25 Apr

IPL.UN stumbled along with TRP which I sold out yesterday.

Today, I sold IPL.UN 340 shares @ $19.00 in fear that it will drop even further below buy in price of $18.90.  However, I got caught up in the early morning sell off.  IPL.UN seem to recover shortly after closing at end of the day:  $19.15 per share.

The funds from a recent sale of Fund ING Streetwise Fund finally arrived into my RRSP Questrade account.  If only the funds had shown up earlier, I might have averaged further down on Apple at the price of $560.00 of yesterday.

Now, I have quite a bit of cash sitting idle in my RRSP and TFSA accounts.  Everything seemed to surge after Apple’s record breaking earnings report.  So I don’t think this is a good time to buy into the market.  I’ll sit and wait for the right opportunity.

One stock that is riding at its 52 week low is Chesapeake Energy Corporation (NYSE:CHK).  EPS is decent, PE ratio is low meaning there might be some value to it.  They do shell out a small dividend of 9 cents per quarter.  I might just pick up a couple hundred shares and see if this will ride back up into the 20s.

I made a move!

23 Jan

In my QT RRSP account, I haven’t had much luck in terms of profiting from the stock market.  Always breakeven or at a loss.  Today, I made a move to cleanse my account with good fortune on the year of the dragon!  Happy Chinese New Year buy!

I got rid of my long fallen XFN (Ishares Financial Index Fund) at a loss of $376.12.  At one point, it was down by over $1000… OUCHIE!  I had 338 shares and it was totally weighing down on my portfolio with not much promise other than the sporatic monthly dividends that was peanuts!

I decided to pump up my QT RRSP with plunking down another 429 @ $18.00 of IPL.UN in which I will get a steady monthly distrubution of $37.54.  Even though I re-bought IPL.UN earlier in the month at $18.90 in my TFSA, I feel IPL.UN will break through $20 by years end. (I should have never sold out my 900 shares of IPL.UN in the first place!!)  It’s all about patience and waiting for the monthly payout!

 

Topping up my Portfolio

9 Jan

QT TFSA:  340 @ $18.90/share – IPL.UN on TSE
For 2012, I’ve added another $5000 to my TFSA account.  Selling IPL.UN for POT was my biggest mistake in this account.  I sold IPL.UN out for 900 @ $16.13/share and bought POT 300 @ $47.00/share end of September.  At first, it seemed like a great idea as POT gained a few bucks in a matter of a few days.  However, I got greedy as always and held on, now POT is at $42.58/share vs IPL.UN at $18.90/share.  I am still holding POT at a loss, waiting for it to climb back up into the low $50s before moving on.

QT MARGIN:  100 @ $66.20/share – CLF on NYSE and 20 @ $344.81/share ($4685.09 of $6896.20 on Margin)- MA on NYSE
I was inactive during December which was a mistake as it was full of opportunities for me to scoop up some depreciated shares.  Now, I am paying for the price.  It is time for me to get back into the game and start waging on some stocks.  It’s been a while since I bought back into CLF, even though it’s not at the most attractive buy in price.  I think it might be able to hit $70/share.  As for MA, this is the only upside since I made my purchase last Wednesday.  This might be the support now, might be a good time to average down and see what will transpire in the next few days.

As of today, I am fully invested in all of my brokerage accounts.  Current Value:  $90,047.52.  Stock Count: 13.  My sights of $100k is within reach this year only if I keep a steady course of raking in $500/mo which seems impossible as I have too many different stocks pulling at different ways.

October Trading Sales

3 Nov

Trading Summary for October 2011:

1.)  Selling CLF at $65.00/share was the right move at that particular week.  However, I sold it a little prematurely I suppose.  If I had kept my original shares, I would have made an extra $1500.  CLF is a very volatile stock with big mood swings from day to day.  I had my chances to re-enter in the high $50s, but I didn’t want to take that chance.  So I stood by on the sidelines watching this amazing upswing in a day or two.  Currently, it’s holding strong at $70.92/share

2.)  Well, RY staggered right on ex-dividend date and I quickly sold it for a smaller profit than what I would have liked.  The following days it leaped to the high $40s, I sold out at $47.60.  If I only held on a little longer would have brought me a few hundred more.

3.)  POT was a mistake sale at $49.95/share, but it has given me the opportunity to pick up the original 200 shares at a more discounted price of $47.60/share.  Even though, my net loss was $370.60.  I feel the potential  in POT to make a come back to the low $50s.

4.)  SJR.B was my quickest sale of my trading career.  This proved that I had very low confidence in the stock.  But amazingly, it’s been holding quite well in the days that followed after my sale.  If I had kept it, I would be sitting at a higher gain than what I would have expected it at

SIDE NOTE:  Trading IPL.UN for POT is a stale reminder that I always sell IPL.UN at the wrong time.  I am not happy with this trade at all.

TICKER QTY BOUGHT SOLD CHANGE PERCENTAGE
CLF 300 18,193.90 19,525.79 1,331.89 7.32%
RY 200 9,279.65 9,520.35 240.7 2.59%
POT 200 10,354.95 9,984.35 -370.6 -3.58%
SJR.B 300 5,955.00 5,980.05 25.05 0.42%
43,783.50 45,010.54 1,227.04 2.80%