Tag Archives: MA

Re-Bought MA: 5 shares @ $833.428

31 Dec

My last trade of 2013 is re-buying Mastercard funded solely on margin in my cash account.

MA:  5 shares @ $833.428 = $4167.14 (Commission were only 5 cents from Virtual Brokers)

Mastercard will be splitting their shares 10 for 1 on January 9, 2014 and raising their dividends by 83% from 60 cent to $1.10.

Currently, I have 30 shares of MA in total after my new purchase.  For every share I have, I will get additional 9 shares which will total 270 300 shares.  If the dividend is paid out after the stock split that will mean I will get $297.00 per quarter in dividends.  Am I correct??  I will wait and see!

Looks like dividend will go from $1.10 to 11 cents after the stock split as pointed out by Maureen.  Wishful thinking on my part for receiving so much per quarter.

I am excited to see how my Mastercard will play out in 2014.

Making the right move at the right time

12 Nov

Whoa, time has passed by really quickly.  It’s already been more than a month since I sold out Chemtrade Logistics Income Fund (CHE.UN) from my TFSA.  I sold out 1270 shares @ $16.96 with profit of $819.52 and collected $2287.00 in distributions.

Trade History for CHE.UN

3/27/2012:  BOUGHT 850 shares @ $16.58 + ($9.38 Commission) = $14,101.37
7/05/2012:  BOUGHT 420 shares @ $15.71 + ($6.42 Commissions) = $6,604.62
9/27/2013:  SOLD 1270 shares @ $16.96 + (13.69 Commissions) = $21,525.51
Net Profit $819.52 (This is tax free, since I held this stock in my TFSA!)

Commissions at Questrade were $29.49.  This should have been $25.40, but Questrade charges extra SEC fees for the trades which I don’t like!!

Luckily, I made the right move at the right time.  For the past five days, Chemtrade has been trending downwards on news that Chemtrade is in talks to buy General Chemical Corp.  Seems like traders are not liking this news and have been punishing the share prices.

Chemtrade on Nov 12, 2013

Anyways, if I had kept my shares of CHE.UN, I would be at a net paper loss of $433.54.  Ouch!  I still have 300 shares of CHE.UN in my margin account, but I bought it at a cheaper price.  It’s still a hold for me, since they’ve been a steady income producer.  Maybe, I’ll pick up some more shares at a discounted price.  I would have to monitor they progress in the upcoming days.

I replaced CHE.UN for Mastercard and First National Financial in my TFSA.  Both stocks seem to be holding up well on their own thus far.  By making the switch, I am improving the overall health to my TFSA.

Making some changes to my TFSA

27 Sep

Today, I sold out 1270 shares of CHE.UN for $16.96 in my TFSA account. Fact was that CHE.UN took up 20% of my overall portfolio. The time I held onto this unit trust, I’ve collected a fair amount of distribution.

Anyways, I replaced it with 15 shares of MA at $679.50 for now. I am hoping I didn’t screw myself over in the months ahead. But I felt like it was time to say goodbye to CHE.UN and add more stake to Mastercard where it has really appreciated.

Also, I sold out QCOM – 25 @ $67.18 in my TFSA.

I plan on adding more Mastercard to my TFSA until my cash balance is zero. For now, I don’t want to add too much near their 52 week top.

I believe Mastercard has a strong chart and I am regretting that I didn’t ride this baby out from the start. When I first entered MA, it was around the $300-$350 range. I regret how impatient I was in May 2012 where I sold MA out for little profit. Look at it now, $680 range! Wow, I totally miss out some good gains. But now, I will hold this baby for a while till it fully matures. I will not sell out like the many times I have before.

I’m just thinking out loud. Sorry, if this is a bit confusing. I am not the type of person of analyzing stocks and giving you all the jazz about it.

If I like the stock and believe in it, I will buy it.

History recap, just at the top of my head with approximate numbers:

  1. I bought 200 shares of SBUX at $18, but sold out at $52.15.
  2. I had 200 shares of Visa at $70 at one point, but sold out for $2000 profit.  Fucken big mistake that was.
  3. I bought 10,000 shares of GQ at 15 cents, but eventually sold out at $1500 gain.  I could have sold out at their peak and made a cool $10k profit, but I held too fucken long!
  4. I bought 200 shares of AGU at $50 on margin, but got scared of the dip in the next few days and sold out at a loss.   Then I re-bought them at $70 and sold out for a $2000 gain.
  5. I bought 50 shares of GOOG at $612.00, but I sold half of it for a measly $100 gain because that portion was on margin.

It’s been one month!

4 Jul

One whole month, I have held COCA-COLA CO (KO:NYSE) on margin.  I haven’t been able to sell my swing trade yet because it hasn’t gone above my buy in price of $41.50 per share.  I am currently sitting on an unrealized loss of $51.49.

July 1st, I was surprised to find a gift from KO sitting in my brokerage account:  $11.90 in dividends!

As for my other swing trades in June, I profited $140.98.  I was able to execute buy/sell for four stocks.

  1. Jun 4-14, 2013:  KRFT- buy 50 @ $54.30 | sell 50 @ $55.61
  2. Jun 4-14, 2013:  MA- buy 5 @ $569 | sell 5 @ $572.10
  3. Jun 11-27, 2013:  DOL.TO- buy 25 @ $72.71 | sell 25 @ $74.11
  4. Jun 25-26, 2013:  CVX- buy 25 @ $117.30 | sell 25 @ $118.22

In all honesty, if I was patient with some of the stocks, I would have even greater profits.  But a profit is better than no profits, right?

Prices of the four swing trade stocks as of July 4th:

  1. KRFT:  $55.51 (-0.10 x 50= $5.00 extra loss)
  2. MA:  $586.12 (+14.02 x 5= $70.10 extra profit)
  3. DOL.TO: $74.63 (+0.52 x 25= $13.00 extra profit)
  4. CVX: $119.08 (+0.86 x 25= $21.50 extra profit)

I didn’t want to hold these stocks for too long as I bought them on margin charging at a rate of 4% per annum.  The longer I hold the stocks, the more interest I would have to pay.  Quick profits on margin are optimal at best.

Currently, I have BTE.TO (since May 9th, slowly, I am climbing out of the red on this one) and KO on margin a total of $10025.99.

May’s interest, I had to pay $15.92 CAD and $3.19 USD.  June’s interest will show in the middle of July 2013.  Let’s see how much interest will dig into my $140.98 in profits for the month of June.

Sold a couple of my swing trades today

14 Jun

I sold out 2 out of 4 recent swing trades:

  1. Kraft for a profit of $66.49
  2. Mastercard for a profit of $16.49.

99c per trade is great for maximizing your profits 🙂 Keep in mind, I bought these two along with Coke the day before the market took a plunger.  I held these two stocks for a total of 9 days.  This is exactly what I wanted to do, the timing of my trades were not so opportunistic.  Next time, I will be more careful with my swing trades.

Currently, I am still holding Coke on this swing trade.  As for my most recent swing trade: Dollarama, it has been take a beating in the last few days.  Hopefully, they don’t sink anymore from this.

Also, I got a reimbursement from Virtual Brokers for transferring over my stocks from Questrade for $131.25.  They were true to their word.

 

This is my spending spree for the day!!

4 Jun

Without a doubt, I do have a spending spree tendency when it comes to stocks!  All of the purchases below are on MARGIN (not recommended for novice investors).  I am looking for a swing trade here, I didn’t put much thought into it and I don’t really care!!  At $1 per trade, I can make a quick profit here and there.  Let’s give this a try!!

June 4, 2013- Trades

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.