It has been a busy week for me (outside of stocks), but I still managed to make a little bit of money (up .7% on the week). That doesn't seem like much, but you have to remember that I am only 15 - 20 % invested right now, with the rest in cash. I am still waiting for the Sept - Oct correction to start, but who knows, it may not come at all...
I would have to say that my latest 'favourite' equity is the Yellow Pages Income Fund (YLO.un), of all things (I don't really have favourites, as I try to keep emotion out of stocks, but it looks solid to me). I had first bought some units back on Sept 8, but I bought many more units this week, as the unit price looks stable, it was paying a distribution rate of almost 16%, and their latest financials seemed to show that they were getting their shit together in their move towards digital and away from the old yellow phone books (and they are profitable, from what I could see).
YLO.un jumped 3.5% today alone, for some reason. No recent news that I can find, but I guess the selling finally subsided (the buying has always been there). We will have to see if we get some news next week, and if today's gains hold, but today was certainly a good sign. Personally, I am expecting YLO.un to return to the $6 - 7 level, but that is just me. I am in below $5, so if the distribution stays strong, I am getting paid 16% or so to wait. I read today that they are only paying out 60% as distributions so that should be easily sustainable, especially if they are getting their shit together.
As of today, I own YLO.un, MBT (Manitoba Telecom), RCI.B (Rogers Comm.), HSU (S&P ETF), and PWF (Power Financial). Some of the stocks that I am keeping an eye on (to buy) for next week include HSE (Husky), WJA (Westjet), and Enbridge (ENF.un) although these all have to rise a bit before I will grab them. My return YTD is 52.8%.
Friday, September 18, 2009
Friday, September 11, 2009
Another Week Comes to an End
It turned out to be a pretty good week on the markets, especially for natural gas, but the key theme seemed to be volatility. Even though I use the graphs to decide when to buy and sell, in general, I seem to be taking profits more quickly these days than I normally do. For example, when Encana announced they were going ahead with plans to split into two companies - estimated to be worth $65 separately - I sold when the stock jumped to $63. I reasoned that the jump was more than I had planned to make in that short time, and that either natural gas or Encana itself could easily weaken next week.
Today, to close the week, I sold ECA, RUS, BTE.un, and ENF.un. The one of these that I regretted the most was Baytex (BTE.UN) but the drop in the price of oil of over $2.60 per barrel made me think that weakness could be on the way for oil stocks.
I still own a few equities - RCI.B (Rogers Communications), HFU (Financial ETF), MBT (Manitoba Telecom), COS.UN (Canadian Oilsands), and YLO.UN (Yellow Pages Income Fund). With the volatile markets, I like the idea of collecting distributions from trusts but the loss that I could easily incur in the unit price could easily outpace the distributions that I would be paid. I don't want to let the potential distributions sidetrack me from my strategy.
I am up a collective 51.5% YTD on all my accounts, so I am certainly happy with that. Also, I have not had a negative month since October 2008 (although it was a HUGE down month), so I have a good string of positive months going. The summer was slow, but things seem to be picking up a bit now that traders are back from summer vacation.
I am still expecting a 5 - 15% correction in the markets, to consolidate support, in the next couple of months.
On a separate note, I opened a TSFA last month at TD, so I want to choose an equity to invest in there. I want to grow that as much as possible, since it is tax free. With $29 buy and sell fees, though, and only a $5,000 initial balance, I want to choose the equity carefully.
Today, to close the week, I sold ECA, RUS, BTE.un, and ENF.un. The one of these that I regretted the most was Baytex (BTE.UN) but the drop in the price of oil of over $2.60 per barrel made me think that weakness could be on the way for oil stocks.
I still own a few equities - RCI.B (Rogers Communications), HFU (Financial ETF), MBT (Manitoba Telecom), COS.UN (Canadian Oilsands), and YLO.UN (Yellow Pages Income Fund). With the volatile markets, I like the idea of collecting distributions from trusts but the loss that I could easily incur in the unit price could easily outpace the distributions that I would be paid. I don't want to let the potential distributions sidetrack me from my strategy.
I am up a collective 51.5% YTD on all my accounts, so I am certainly happy with that. Also, I have not had a negative month since October 2008 (although it was a HUGE down month), so I have a good string of positive months going. The summer was slow, but things seem to be picking up a bit now that traders are back from summer vacation.
I am still expecting a 5 - 15% correction in the markets, to consolidate support, in the next couple of months.
On a separate note, I opened a TSFA last month at TD, so I want to choose an equity to invest in there. I want to grow that as much as possible, since it is tax free. With $29 buy and sell fees, though, and only a $5,000 initial balance, I want to choose the equity carefully.
Monday, September 7, 2009
Weekly Update
The markets are continuing to move basically sideways, but I am still following the moving average rules and jumping in when the graphs tell me to. On Friday, I added HJU (Horizons Emerging Markets), HSU (Horizon US S&P 500), BTE.un (Baytex Energy) and PWF (Power Financial). I bought them all on upswings and 3 of them finished up for the day.
In addition to the holdings I added on Friday, I also currently own RUS (Russel Metals), MBT (Manitoba Telecom), TRP (TransCanada Pipelines), TCW (Trican Well Services), and HBU (Horizons Gold Bullion).
As I have posted earlier, I am still expecting a 5 - 15% pullback this month or next so I am ready to liquidate again, when the graphs tell me to. Currently, I am 26% invested in stocks (the rest in cash) and I am up 49.8% YTD. When the correction starts (if it does), I will stand to take some losses, but I can't make money if I am not in the market, at least to some extent. I have been as low as 3.5% in stocks this summer, and as high as 50%, and I expect my ratio to fluctuate with the markets. I tend to buy on the way up and sell on the way down, so I will keep posting my moves to detail my progress.
In addition to the holdings I added on Friday, I also currently own RUS (Russel Metals), MBT (Manitoba Telecom), TRP (TransCanada Pipelines), TCW (Trican Well Services), and HBU (Horizons Gold Bullion).
As I have posted earlier, I am still expecting a 5 - 15% pullback this month or next so I am ready to liquidate again, when the graphs tell me to. Currently, I am 26% invested in stocks (the rest in cash) and I am up 49.8% YTD. When the correction starts (if it does), I will stand to take some losses, but I can't make money if I am not in the market, at least to some extent. I have been as low as 3.5% in stocks this summer, and as high as 50%, and I expect my ratio to fluctuate with the markets. I tend to buy on the way up and sell on the way down, so I will keep posting my moves to detail my progress.
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