Mr. GIC conclusion

[selkirk]

This is the final thread of Mr. GIC, we end it at $99,912.45. not bad for 3 years and five months.

July-Sept
dividends BFI $84.9, D.un $219.60, Iur.un $120.12, CLC.un $118.37, Atp.un $100.09, Dr.un $109.99, PWT.un $100 2 divs, EEE.un $112 2 divs, CNQ $6, N $11.825. total dividends = $982.895 was added to cash.

added interest small amount to cash, you shiould be able to do better. actually the final amount would be $98,000 since costs would have averaged $600 a year, and the options would have a value against your portfolio.

most options, puts look to expire worthless.


Portfolio
update Sept 12, 2005
start date april 16, 2002

Saxon small cap $5000 invested to buy 304.536 units.
$23.59X 316.68 units= $7410.48

Saxon World Growth Fund 294.14
X 18.07= $5315.10

BNS Dividend Fund 171.947X $33.989 = $5827.28

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $30.06X200= $6012

Dundee Reit D.un divs = $219.99
400 shares X $26.30= $10520

500 IUR.un $10.25
500 X$11.82 =$5910

500 CLC.un bought $10.70 divs $78.91
500 X$15.14= $7570

Atp 400 shares X $11.12 =$4448

DR.un 400 X 11.50=$4600

Inco 100 shares @ $50.95 =$50.95

Inco 1 call contract Jan $52.50 =$285

TD 2 P contracts $48 Oct .95 = $190

200 PWT.un @ $29.35
200X $ 36.48 = $5870

400 EEE.un @ $13.49
400 X $15.25 = $6100

Tek Nov $44 P 2 P $380 credit

1 Call CNQ Feb $54 $6.05 $605 credit

100 CNQ $54 $5400

IPS Nov $64 P 2 contracts $380


costs = $448.17
cash = $18348.585

Total portfolio value= $99912.445

 

[selkirk]

presented MR. GIC to my shareclub and another group this past week and here are some answers to some questions.

help to sum up the whole excercise.

1. many people thought the portfolio was high risk, they seem to think this as soon as they hear options.

the portfolio never lost money during any three month term.

2. there are too many income trusts, though this divdend paying stock has done well would reduce the positions in the portfolio. more garbage income trusts are coming to market and that is never good for existing ones, sign of a top? not bad to sell some CLC.un great trust made great return, sell half.

3. cash position. was high but this was a conservative investor. often did not have time to buy stocks or update portfolio.

my cash positon would have been smaller.

4. did this before in aug 1999 with two portfolios starting at $100,000. finished in aug. 2002 with $155, 610, and $159,760. did well until the fall of 2001 -2002. both portfolios just treading water until 2002 0- -5% return.

5. in my three trading account in 2004 returned 34%, 25.3% and 18.1%. the 34% was the main account for options.

6. do more trades than in this portfolio but would not describe myself as a frequent trader.

this year lost on two options and 3 stock trades. avg. loss 14%.

appreciate anyone who tried to follow this portfolio. just thought I would show how an average investor could beat a one year GIC/CD to 5 year GIC rate/CD.

thansk
selkirk

 

[DOGS THAT BARK]

Certainly enjoyed following this through the years Kirk and appreciate your maticulous updates.Admittedly it is a little over my head with options and all but did pick up some info I could relate to and apply.Appreciate your efforts and sharing as always my friend. Job well done.

 

[dawgball]

Thanks, selkirk. I'm with Dogs on the fact that sometimes I didn't quite follow everything but the amount of information was superb!

 

[baby johnson]

make that 3 of us, thats for all the help, heavens knows we all need the $$$$