Mr. GIC over $79,000

[selkirk]

the divdends are updated for July-Sept. total $917.61 and has been added to cash.

BTE.un $180, BFI $70.14, Rei.un $150, D.un $219.60, Iur.un $117.87, BCE $60, CM $120.

also wrote April $50 put .75/.85 for credit of $150 took the worse price for record purposes. money added to cash

TLM sept $75 p (3 for 1 stock split so it is a $25 P) will expire today, unless TLM drop $5 cdn. unlikely since it is above $30 and does not move much.

will do a run down of the portfolio would like to add some other names but waiting to get better prices...whats new...lol.

overall portfolio is doing well. Will do an update on the oveall holdings in a month or two.

thanks
selkirk



Portfolio MR. GIC

update sept. 17, 2004
Start date April 16, 2002 $50,000

Portfolio

Saxon small cap $5000 invested to buy 304.536 units.
$20.19X 316.68 = $6393.76

Saxon World Growth Fund 293.39X 16.03= $4703.04
BNS Dividend Fund 110.3387 X $27.969 = $3086.06

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$17.40X200= $3480

TD Jan 2 puts $42.50 $1.60/$1.75 $320credit

Manulife MFC Oct $47.50 Puts 2 contracts $1.50 $300 credit

400 BTE.un $12.23X400 = $4892

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $22.09X200= $4418

500 Riocan REI.un $16.45 X500 = $8225

Dundee Reit D.un divs = $219.99
400 shares X $24.25= $9700

500 IUR.un $10.25
500 X$10.60 =$5300

200 BCE $27.50X200= $5500

BCE $27.50 Jan 2 calls .70/.80 $140 credit

500 CLC.un bought $10.70 divs $78.91
500 X$11.20 = $5600

CIBC $67.84X 200 shares =$ 13,568

CIBC 2 Jan $70 calls $.70 $140 credit

MFC April $50P 2 contracts .75/.85 $150 credit
TLM March $26 3 P contracts $1/$1.20
FL Oct. $30P 2 contracts $1.90/$2.10 $380 credit
Nov $22 TEK.b P 3 contracts $270 credit.

cash = $4515.60

Total portfolio value= $79381.46

 

[selkirk]

forgot to add the CLC.un dividend though it is included in the cash number and is noted in the portfolio

$78.91

thanks
selkirk

 

[selkirk]

will write two puts on ATI (ATY/TSX)

Jan $18P $1.05/$1.20
will write(sell) two contracts

200X $1.05 = $210

as is the practice will take the worse price for record purposes. the money will be added to cash.

ATI specializes in computer graphics, their main competition comes from Nividia and also to a smaller degree Intel.

Most people believe ATI products are better than Nividia for now, this can change quickly in electronics. this company is volatile and is currently trading at $19.84 cdn.

should make .50 in 2004 and .55-.70 in 2005. believe ATI will trade in a range in six months of $18-$22. so will write the put.


notes: may have short changed the portfolio of one CLC.un dividend. if this is the case will put towards costs.

2. the total value of the portfolio does not count the options, this would count against the value and lower it. main reason I do not count them is that most of them will expire and the ones that do not will deal with (ie. BCE put) which were put to me.

finally will give an update of how the shareclub I belong is doing in the contest for the year, so far we are in the lead thanks to UEX (Toronto), sold the position because was not allowed to sell half and keep the other half. hopefully this year (the third year) we win, portfolio started at $100,000 and is now over $179,000. only stock that did over 10% was UEX. UEX is a junior Uranium play back by a major, club picked it at .25 now around $2. in the contest went in at .42

the stock I suggested went from $1.14 to $1.50 and had bad news then went to .80-.84 where I sold the position. now around .31 Connacher only was able to hit 50% of their production targets. when that happens sell and get another jr. oil/gas company with better management.

thanks
selkirk

 

[selkirk]

just a quick update, Oct options expire worthless, FL $30 P, and MFC Oct $47.50 P.
will look at writing more Falconbridge but believe the base metal stocks may sell off 5-15% so will wait.

Manulife is a good company but will wait to see if it will sell off with the other inusance companies.

the missed CLC.un dividend (one) and all the dividends from the BNS dividend fund (not a large amount) will go to costs, costs will help pay for brokerage trades ect and not be counted in the total value of the portfolio.

thanks
selkirk

Portfolio MR. GIC

update Oct. 21 2004
Start date April 16, 2002 $50,000

Portfolio

Saxon small cap $5000 invested to buy 304.536 units.
$20.19X 316.68 = $6393.76

Saxon World Growth Fund 293.39X 16.03= $4703.04
BNS Dividend Fund 110.3387 X $27.969 = $3086.06

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$17.40X200= $3480

TD Jan 2 puts $42.50 $1.60/$1.75 $320credit

400 BTE.un $12.23X400 = $4892

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $22.09X200= $4418

500 Riocan REI.un $16.45 X500 = $8225

Dundee Reit D.un divs = $219.99
400 shares X $24.25= $9700

500 IUR.un $10.25
500 X$10.60 =$5300

200 BCE $27.50X200= $5500

BCE $27.50 Jan 2 calls .70/.80 $140 credit

500 CLC.un bought $10.70 divs $78.91
500 X$11.20 = $5600

CIBC $67.84X 200 shares =$ 13,568

CIBC 2 Jan $70 calls $.70 $140 credit

MFC April $50P 2 contracts .75/.85 $150 credit
TLM March $26 3 P contracts $1/$1.20
Nov $22 TEK.b P 3 contracts $270 credit.
ATI (ATY) Jan $18 P 200x $1.05 = $210

cash = $4725.60

Total portfolio value= $79381.46

 

[DOGS THAT BARK]

Kirk Out of curiousity--how many hours a day or week do you spend on the market?

 

[selkirk]

DTB on average probably would be around 30 hours plus a week. minimum 10 hours.

it would depend on many things even the year. Taxes which I pay enough of in Canada LOL...take me about 4 days to make week make sure they are correct. have an accountant but still go over most of it myself.

also sometimes do a large trade, there are a few options in the portfolio that have expired, wrote more than a couple. will take longer to do research.

however it is routine, for instant as I am on the internet this week listening to 8 30 min presentations on income trusts and energy companies, so any time I am on will try to get through one or two.

also spend time every now and again on accounting ussually if I want to short a stock (not often) or futures trading (beginner). also sometimes asked for help by a friend and sometimes a group.

sometimes there is a small company in Canada (not often in the US) that I can invest in at an early stage. will do hours of research, sometimes they work sometimes like burning money, high risk/return.



believe for the most part an investor does not have to spend a great deal of time on the market though.

for instant listed a drip portfolio on the interent a couple of years ago......should have tracked it better (lost in cyberspace)
stocks in it were

Riocan Reit
BMO Bank of montreal
BNS Scotia bank
BCE
Enbridge
Suncor

all of these stocks have done well except, BCE loss, the rest are up the banks Suncor, and riocan all have done well.


as for this portfolio would spend only a few minutes a day looking at it, just a couple a trades a month if that, so not very long on this portfolio.
still it is beating the index, and most cdn. mutual funds. index I am tracking is up 7% this year.

also outperforming two brokers that have a similar portfolio $500,000 in cdn. They put half in bonds and perferreds so less risk.

note: with winter coming will spend some more time looking at jr. small cap companies, of coarse half of that is luck.

this portfolio is designed to show that an average investor with maybe a few minutes a day can do better than a 1 year GIC/CD.

the person who gave me this idea has invested in a 1 year GIC at 1.65%.

thanks
selkirk

 

[selkirk]

will write 3 P TEK.b contracts May $26 $1.25/$1.55
as is the case will take the worse price for record purposes.

300X$1.25= $375

the money will go to cash
so I will have to buy TEK.b for $26cdn. up until May, currently around $28.80. believe it is a good base metal company.

thanks
selkirk

 

[je2851]

Any US Markets?

Any US Markets?

Hi SelKirk, I seldom post, but do you dab into any US stocks or Mutual funds? Is there also any sites you'll recommend where there are investors posting stock tips or funds? Too bad not more people post in here on the stock market. Keep up the nice work. :clap: :clap:

 

[selkirk]

JE2851 I do own some US stocks, thought this would be easier if I kept it one currency, and stocks that trade on one exchange.

also was set up as a conservative portfolio that an average investor could set up; to improve on a GIC/CD return. which is now at 1.65% 1 year GIC/cd.

I will list some sites as we had a number of links, will find it and maybe some can add to these names. will post this in the next few days.

also will start a thread, many of the stocks in this portfolio trade in the US, and hopefully some posters can add to some names.

in July 1999 I started three portfolios at a small site (cdn. site) $100,000 was the starting point. anyways in July 2002 decided to end the experiment one had $155,000 and the other had $159,000 the portfolio only made around 5% in 2001 and 2002.

should have been better in a bad market though still beat the average (TSX) and most mutual funds.

started a US $100,000 in August of 1999 after three years only had $126,700. many of the names were ones mentioned a million times on business shows, and was not happy with the performance.

will list some cdn. companies that trade in the US in a few days. Good companies with yield and growing earnings.

as for other financial forums do not visit many, only visit a few gambling forums and most of the financial sites are cdn.

find that many bulletin boards are just to promote stocks.

thanks
selkirk

 

[selkirk]

I like Teck and tempted to write more puts but that is too aggressive for this portfolio.
going to sell

Jan $30 Fl (falconbridge) P 2contracts .90/$1
200X.90 = $180 credit

as always take the worse price for record puposes, the stock is trading at $31.47 currently.
money to be added to cash.

thanks
selkirk

 

[selkirk]

CM is currently trading at $70.62, have Jan $70 calls out, so could lose the stock in January at $70 cdn.

looked at closing out the postion and rolling out to $72 July but the prices are not good to do the trade.

so have decided to write (sell) two contracts

July CM P $66 $1.85 $2

$1.85X200= $370

so I have to buy CM at $66cdn. up until July (3rd Friday). It is trading at $70.62. should note always take the worse price for record puposes.


the $370 goes to cash. will update dividends Sept.-to Dec and the portfolio in a week.

If I lose CM will buy another bank, probably TD, BNS.

thanks
selkirk

 

[MSM]

SELKIRK
I HAVE ASKED BEFORE, BUT IS THIS WHAT YOU DO FOR A LIVING? ARE YOU A FINANCIAL ADVISOR OR A MONEY MANAGER?
MSM

 

[selkirk]

basically MSM I own or have owned a few small busineses. I have been in the financial industry, but(currently) and for the most part just manage my own money, and help with a few people with their own investments.

I am not a money manager just an average investor like everyone else.

thanks
selkirk

 

[MSM]

YOU ARE A FAR CRY FROM AN "AVERAGE INVESTOR". YOU ARE TOO HUMBLE. I WOULD SURE LIKE TO FIND SOMEONE LIKE YOU TO MANAGE MY IRAS. WE HAVE MONEY MANAGERS AND WE PAY THEM A FEE AND WE JUST DON'T MAKE ANY MONEY. THEY JUST BUY AND SELL STUFF NOW AND THEN AND WE GET TOGETHER ONCE A YEAR AND THEY SHOW US FANCY CHARTS BUT JUST DOESN'T PUT MUCH MONEY IN OUR ACCOUNTS.
I JUST STARTED A SLUSH FUND OF MY OWN AND HAVE DONE QUITE WELL SO FAR, BUT MY BROKER SAYS IT COULD BE BEGINNERS LUCK AND HE SURE COULD BE RIGHT.
I AM LEARNING A LOT HERE AND MAYBE SOMEDAY I WILL UNDERSTAND WHAT YOU ARE DOING. I KNOW SOME BOOKS HAVE BEEN RECOMMENDED BUT SAD TO SAY, I AM NOT A BOOK LEARNER, I AM A PRACTICAL LEARNER. ALL THIS INFO IS HELPFUL AND YOU KEEP UP THE GOOD WORK!
BY THE WAY, SOME OF OUR TIPS HAVE BEEN PRETTY GOOD TOO, SO HOP ON THE GRAVY TRAIN.
THANKS FOR ALL YOUR INPUT - IT IS ALWAYS APPRECIATED.
MSM

 

[worm44]

MSM-where as most advisor's do some DD-(Due Diligence) most will sell you or put you into a fund the are paid to put you into--do your own research(DD) and google search the best funds or investment products out there and read about them right on the internet......Advisor's are out for themselves- not you...trust me I was in that business.....

 

[MSM]

THANKS AGAIN WORM AND SELKIRK
I DON'T FEEL I AM QUALIFIED TO TAKE OVER OUR IRAS. WHAT I AM DOING NOW IS LEARNING IN A SMALL WAY AND IT TAKES A LOT MORE KNOWLEDGE THAN I HAVE TO HANDLE THE BIG GUNS. DOES ANYONE KNOW OF SOMEONE LIKE SELKIRK THAT ACTUALLY WORKS AT ACCOUNT MANAGING LIKE HE DOES?
I WILL LEARN A LOT MORE BUT I THINK IT WILL TAKE SOME TIME AND I REALLY WOULD LIKE SOMEONE NOW....
AGAIN, THANKS GUYS, FOR ALL YOUR INPUT. IT REALLY DOES HELP A LOT.
MSM

 

[DOGS THAT BARK]

I been around the block many times MSM and I have never met anyone quite like Kirk anywhere. Was fortunate to meet him in 1999 on a small forum and have done little in any major investments without his input since. Do dabble in a few stocks like china for fun but he sure saved my butt in some volitile times.
I certainly leaned a lot by reading evrything he posts and only absorb about a 1/3 as the rest is over my head

 

[MSM]

THAT IS WHAT I MEAN WHEN I SAID I WASN'T QUALIFIED. IF YOU HAVE BEEN AROUND SINCE 99 AND STILL CAN'T ABSORB IT ALL, I KNOW I COULDN'T EITHER.
HEY SELKIRK, HOW ABOUT I PAY YOU TO INVEST FOR ME. I SURE BELIEVE YOU HAVE THE KNOW HOW. I'D PAY YOU A
PERCENTAGE OF WHAT YOU MAKE BECAUSE THE WAY YOU INVEST I THINK YOU WOULD BE BETTER OFF THAN A PERCENTAGE OF MY PORTFOLIO. JUST A THOUGHT!
I AM GOING TO HAVE MY BROKER READ THIS AND SEE WHAT HE KNOWS. IF I KNEW HOW TO PUT IN THE FUNNY FACES I WOULD PUT IN A COUPLE HERE. DID I FAIL TO MENTION I AM ALSO NEW TO THE COMPUTER. LOTS AND LOTS TO LEARN AND WE LIVE IN A MARVELOUS TIME. I'M JUST SORRY I DIDN'T LEARN EARLIER. IT TOOK ME AWHILE TO FIGURE OUT HOW TO POST. SO YOU SEE WHAT YOU GUYS ARE DEALING WITH. BUT DO BE PATIENT AND KEEP THAT INFORMATION COMING BECAUSE I AM DETERMINED TO LEARN.
THANKS
MSM

THE DEFINITION FOR MONEY MANAGERS SHOULD BE SELKIRK.

 

[selkirk]

will start a new thread and update the mr. gic, there will be no trades (I hope ) until Jan.

DTB good job with the china stocks. also when you read that thread the info IE posted was correct, just look at the performance of the resource stocks mentioned, and the effect China would have on the sector.

I have done well on resource stocks but my biggest mistake was selling to early. bought Fording coal trust (toronto) at around $26cdn. and sold 75% of the position at $40-$45. had a large position and was pleased it came close to my target did not realize how much demand for coal would increase the prices. Now over $80 cdn.


MSM just pass along some info, have no interest in managing indivual accounts for money.....(work and can increase your stress levels..LOL)

you will find that you learn the most from your own mistakes, and sometimes you will do them over and over again, like selling 75% of a stock when it is making new highs.

a final note you should ask your broker what index the portfolio is trying to outperform. SP 500 ect.
and what worm said about check the funds, you can see if they are top performers or should be changed.

the main job of a broker or a financial advisor is to not lose your money.
finally when you talk to your broker ask questions, for instant is that fund perform well, why, why not.

if you have any questions about the stocks you own. make sure you are prepared when you talk to him.

good luck

thanks
selkirk

 

[DOGS THAT BARK]

Kirk: One of best threads I have archived from you is thread you did on 1-31-01 at I-G--those were the good ole days

It is "Excerpts from Reminiscences of a Stock Operator" from a fellow named Livermore--Do you remember??--if it wasn't so long I'd type in in here--but I am a one finger pecker.

Here is one gem in it I have hard time abiding by as hard as I might try----

"People don't seem to grasp easily the fundementals of stock trading.I have often said that to buy on a rising market is the most comfortable way of buying stocks.Now,the point is not so much as to buy cheap as possible or go short at top prices,but to buy orsell at the right time.When I am bearish and I sell a stock,each ssale must be at lower level than the previous sale.When I am buying,the reverse is true. I must buy on a rising scale. I don't buy long stock on a scale down,I buy on scale up."