Tag Archives: SBUX

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.

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~

My humble beginnings…

26 Mar

In my early twenties, I only made $10/hour.  I stayed at my first job for three years without any raises.  Money was tight, but I would always sock away at least a few hundred a month.  In those years, I’ve managed to save $10,000 and help contribute to an investment property that I bought with my parents.  When I moved onto my next job, I had to buy a car to drive to work.  I wanted to buy a used car for around $10k, but my dad said it was better if I bought a new car.  This basically wiped out my savings and put me $14,000 in debt.  I took out a loan from my dad and Honda.  In three years, I fully paid off my debt in August 2009… that’s when I really got down to business with the market.

The stock market always intrigued me.  I’ve always wanted to open up a discount brokerage to trade stocks.  But I never really had the money to do so.  In 2003, my dad started me off with $2000.  My first two stock buys were 15 shares of Microsoft and 10 shares of Harley Davidson.  I ended up selling them down the road at breakeven due to my heavy ended $29/trade commission.  At that time, Apple was a dog and only trading at $7.50/share, if I only picked up 200 shares instead… and kept them to date.  My life would be so much easier!I

It’s been 9 years since I opened my first online brokerage account.  I’ve always kept afloat.  Never really making big plays.  When the market crashed in 2008, I held Starbucks and Visa.  Those were my two biggest holdings at that time.  Both of my stocks took a major 50% cut, I was down and out by several thousands.  For the longest time, I didn’t even look at my stocks.  I’d go months without looking at my portfolio.  I was hopeful it would make a rebound and kept my shares instead of selling them in a panick.  That strategy has helped me out tremendously to this day.

During 2008, I picked up a few stocks that I have made some money out of.  If I had kept them to date, my gains would have been higher.  Today, I still hold my Starbucks at over 195.29% gain.  Sad to say, I sold my Visa prematurely at a gain of 21.71%.  If I had kept my shares, I would have another 100% gain in my hands.

Buy and hold strategy has worked out for me.  Lately, I’ve been making more trades to actually capitilize on my gains before they get wiped out.  Every stock goes up and down in this volitile market, know when to let them go when it’s time before it’s too late.  I’ve made tons of mistakes along the way… selling off stocks at a loss in the thousands or selling too early to miss out on more gains.  But I’ve always managed to scrape by in the green.

If you’re just starting out, please go and open up a discount brokerage account.  Don’t be afraid!  Don’t pay $29/trade as I did in the early years… there are more online brokerages these days that offer better commissions.

Come Monday

19 Sep

Selling Pepsi on Friday proved to be a good move!  Today, it’s down another $1.50 and basically hoovering around my buy in price.  I missed my chance of selling Royal Bank that day.  Today, it’s holding up on its own, but I should have locked in my $200 gain on Friday when I had the chance earlier in the morning.  Now, it’s just a waiting game before I sell!

Notable mention:  Even though, today proved to be red across the stock market board.  Breaking the resistance, Starbucks is making a bullish run.  Up $2.08, it’s sitting nicely at $42.30 with 15 mins left in the trading day.  I’m up 115% on Starbucks!  We’ve been through ups and down, but what a remarkable run Starbucks have made since 2008.  I’m still holding as the buying season is just beginning.

Caffinated Yet?

22 Oct

Starbucks has been my longest holding in any stock.  I’m glad I didn’t let go of this brewing company when it traded down in the dumps at around $7.00.  I had bought in at $18 of February 2008, it was a tough time for me but I remained optimistic that it’ll bounce back eventually.  During the fall and rise between 2008-2009, the head CEO came back to Starbucks to reorganize their structure and it paid off big time.  To date, I have a 50% gain plus they have started to payout dividends in 2010.  Looking forward to the upcoming earning report… this might be a break it or lose it moment for me.

Top Three Winners and Losers

9 Jul

My successes have also been hindered with failures.  Highlighting my current winner and loser holdings as of July 9th:

  1. GQ $2050 +547%         /     BGEM ($390) -62% 
  2. JAZ.UN $409 +48%    /      NOT ($2087) -40%
  3. SBUX $1248 +33%      /      NM ($393) -25%

Nice Pop Today

22 Apr

Cheers to my Starbucks and Visa holdings!  I bought them pre-market crash time.  Still held on for dear life after watching them go down to their all times lows… I was depressed at that time when my holdings were chopped in half.  I didn’t even peeked into my brokerage account for the longest time.  Time persevered and now they’re back with full force as economy is making its way back up again!

Nice little pop for Starbucks and Visa.  Starbucks release their earnings yesterday with positive earnings… thus the nice 7% gain.  Visa is just being visa… trudging along like a solid train track.

Side Note:  Dammit I shouldn’t have sold out half of my GQ stock!  Today, it gain another 12.5% with an overall 310% gain!