Saturday, May 1, 2010

Behind YTD Target, but back in YLO.un

My overall balance hit a high on April 26 but a weak close to the month (caused primarily by the Greek debt crisis, apparently) has left me at a YTD gain of 3.6% - behind my YTD goal of 4% (1% per month for the year).

I am back in Yellow Pages Income Fund, as I bought back in on a dip mid-week and I am again enjoying the roughly 12% yield (or I do, at least, when the distributions are paid out every month).

I also currently own ECA (Encana), WJA (Westjet), SNC (SNC Lavalin), BCE (Bell), MBT (Manitoba Telecom), THI (Tim Horton's), RCI.B (Rogers Communications), REI (Riocan REIT), and HFU (Financial Bull ETF).

For May 3, the only security that I follow that is a 'buy' is MBT but I already just bought it so I don't need to buy more (yet).

The sells for May 3 include SNC (which I own) and many that I don't own such as HJU, HSE, L, and LIF.UN. Since I don't own these securities, I don't have to sell them just stay out of them for now. Since they are at the sell point right now, a slight gain in any of them would put them into 'buy' territory.

May might be the last month with decent trading action for awhile, since June through August are typically slow months. I would like to make some gains in May before the summer, but I won't alter my method to do so.