Mr. GIC update

[selkirk]

Portfolio MR. GIC

this is an update from sept to Dec. Saxon Small cap year end div is not included, next update. Saxon world growth div was reinvested to buy more units.

BNS dividend fund divs of $7.16, $9.202 were added to costs along with missing clc.un div from last update. the costs will be added to slowly. this covers brokerages costs, ect. though I always take the worse price at the time of updates so in many cases this would pay for the trades plus.

BNS dec div will include next update.

cash sits at $6710.06, may have FL Jan P put to me at $30, stock is at $30.11. will lose CM at $70 now at $71, and BCE at $29 will lose at $27.50.

with the new cash will buy BNS (scotia bank) 300 shares, in dec/jan. most of the other options look like they will expire worthless.

thanks
selkirk

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

Dividends paid from Sept.- Dec. smu.un $76.5, BTE.un $180, Rei.un $167.50, D.un $219.60, Iur.un $107.49, BCE $60, CLC.un $118.37, CM $130

total dividends (sept/dec) =$1059.46
note: Riocan paid a .02 special div $10 included it though will not be paid in Jan, just easier to track.

Portfolio
update dec 21, 2004
start date april 16, 2002

Saxon small cap $5000 invested to buy 304.536 units.
$21.46X 316.68 units= $6795.95

Saxon World Growth Fund 294.14
X 16.88= $4965.1051

BNS Dividend Fund 110.3387 X $30.065 = $3317.33

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$18.40X200= $3680

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

400 BTE.un $12.90X400 = $5160

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $24X200= $4800

500 Riocan REI.un $18.11 X500 = $9055

Dundee Reit D.un divs = $219.99
400 shares X $25.85= $10340

500 IUR.un $10.25
500 X$10.34 =$5170

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$13.50= $6750

CIBC $70X 200 shares =$ 14,000

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


Tek.sv.b May $26P 3 contracts $1.25/$1.55 $375 credit
FL Jan $30 P 2 contracts .90 $180 credit
CM July $66P 2 contracts $1.85X200= $370 credit

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

costs = $55.81
cash = $6710.06

Total portfolio value= $86,243.447

 

[selkirk]

one trade since will be having quite a bit of cash on hand in jan.

500 MPt.un @ $10.75 = $5375

this is an income trust (power trust), have to many in portfolio. limited growth but yields over 8.80%.

like other power trusts CF.un and ATP.un but will go with Mpt.un.

thanks
selkirk

 

[selkirk]

update

options FL $30P Jan, TD Jan $42.50 P, ATI (ATY) $18P, CM Jan $70 calls, all expired worthless.

BCE $27.50 C Jan. BCE was traded around $29, so I lost the stock the $5500 is added to cash.

will write (sell) 2 C July $70 CM for $1.55 credit of $310. will go to cash.
I own 200 shares of CIBC (CM) so sold two calls, which means in exchange for $1.55 (share) $310 have to sell it at $70. do not believe it will go above $70. also recieve all of the dividends the stock pays as I still own the stock.


just updated the cash positon will update prices later.

thanks
selkirk


Portfolio
update dec 21, 2004
start date april 16, 2002

Saxon small cap $5000 invested to buy 304.536 units.
$21.46X 316.68 units= $6795.95

Saxon World Growth Fund 294.14
X 16.88= $4965.1051

BNS Dividend Fund 110.3387 X $30.065 = $3317.33

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$18.40X200= $3680


400 BTE.un $12.90X400 = $5160

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $24X200= $4800

500 Riocan REI.un $18.11 X500 = $9055

Dundee Reit D.un divs = $219.99
400 shares X $25.85= $10340

500 IUR.un $10.25
500 X$10.34 =$5170

500 MPT.un @ $10.75 cost = $5375

500 CLC.un bought $10.70 divs $78.91
500 X$13.50= $6750

CIBC $70X 200 shares =$ 14,000

CM July $70 Calls $1.55 (200X$1.55) = $310


Tek.sv.b May $26P 3 contracts $1.25/$1.55 $375 credit

CM July $66P 2 contracts $1.85X200= $370 credit

MFC April $50P 2 contracts .75/.85 $150 credit
TLM March $26 3 P contracts $1/$1.20


costs = $55.81
cash = $7145.06

Total portfolio value= $86,243.447

 

[selkirk]

just a quick trade, may not update monday. will sell CNR (CNI) 2 June $66 Puts for $1.10 ($1.10 $1.25)

so agree to buy CNR (Cdn. National Railway) for $66 cdn. up until the third Friday in June. for this get a credit of $220 which will be added to cash.

CNR came out with good earnings, and raised the dividend, something they have done every year for the last 5. buying CNR for under $66 cdn. will not be the worse trade in the portfolio.

CNR trades at $72.45

also if MPt.un hits $11.75 again will sell my 500 shares this week.

thanks
selkirk

 

[selkirk]

just a quick update MPT.un sold 500 $11.75, hit a high yesterday of $11.84. currently trading around $11.60-$11.70.

all three power trusts have done well, CF.un went from $10.80 to around $11.70 and Atp.un went from $10.80 to $11.20 currently 11. MPT.un went from $10.70-$10.80 to $11.84. so these have done well the past month. plus they all pay monthly dividends.

still like them but will try to get them cheaper. also collected a dividend from MPT.un that along with BNS DEC. dividend will go to costs.

500X$11.75= $5875

will go to cash.

thanks
selkirk

 

[MSM]

SELKIRK
BEEN TRYING TO STUDY WHAT YOU ARE DOING AND I CAN'T EVEN FIND THESE STOCK. WHAT AM I DOING WRONG?
I KNOW WHAT IPO IS NOW. THANKS.
KEEP IN MIND I AM JUST A "ROOKIE".
THANKS
MSM

 

[Doughboy]

MSM

I think most of what he trades is on the Canadian exchange, and I have never traded any that aren't listed on both Canadian and US exchanges. Not sure if you can buy some, but check with your brokerage to see if you can buy Canadian exchange stocks.

 

[selkirk]

MSM, Doughboy is correct these are all cdn. mutual funds, options, and equities.

you can buy cdn. stocks through most US brokerages but some of these stocks trade on the US.

the two saxon funds, and BNS dividend fund, are just mutual funds that trade in Canada. there are many choices in the US of good dividend and small cap funds.

any stock with .un such as d.un, rei.un, mpt.un (which was sold), bfc.un, bte.un are income trusts and they trade on Toronto. some cdn. income trusts trade in the US but most are on Toronto. www.tse.com this is a very popular investment vehicle and I am looking at selling some of these, they have done well and the prices are high.

Doughboy has referred to stocks that trade on both exchanges, MFC (manulife financial, insurance), CM CIBC (bank), CNR (cdn. national railway (cni in the US), Tailsman all trade in the US. also believe teck trade on the US, will list them all. Falconbridge does not but inco does, just a nickel play.

now the covered calls or puts options on these companies only trade in cdn. well TLM, CM. there will be options on MFC in the US.

the options trade in cdn. in montreal, they have a good site.

www.me.org
then you will see english, french, japaneese and chineese, pick your language.

then there is a drop down menu. highlight delayed quotes.

then four drop down menus pick the one to the left. they have all the options that trade in cdn.

there are plenty of options that trade on Chicago, however would read and even paper trade. then would try a covered calls to start.

for instant, lets say you own GE (just as a example).

300 shares, it is trading around $34, you sell a July $36 for $1.50.

what this means is you get $450 (300X$1.50=$450) paid to you but you must sell the stock at $36 or above up until July.

if the stock is below $36 you keep the stock, you also recieved all dividends the stock has paid out as you still own it.

you would not write a covered call if you think the stock is going to up by much more than $36.


as for a portfolio would before trading any options, buy good blue chip companies.

some cdn. companies that are worth watching that trade in the US.

SLF (sunlife), Manulife(mfc), cnd. banks CIBC, TD, BMO, BNS, they are going to sit flat this year though.

CNR CNI best North American railway in North America (facing a strike might be short term weakness, buying opportunity on weakness)

pipeline Enbridge, TRP, prefer ENB though it is close to fully valued. suggested this stock at a retirment stock at $45 cdn. now $62cdn. pays nice 3%yield.

note: all of these companies pay dividends, and have a habit of increasing them, along with buying back stock


oils Tailsaman, Suncor, Cdn. natural resources, seem fully valued......they still going higher though. just be ready to sell when they turn.


good luck investing eveyone, will try to find something to buy with the cash on hand.

thanks
selkirk



http://www.stockwatch.com/oldsite/oldsite_quote.aspx

 

[Doughboy]

I think Selkirk has hit on a very good issue when it comes to trading stocks. If you are not using options to hedge, bring in income or whatever, it is my belief that you are shorting yourself with your returns, especially in a a down, flat, or slowly upward moving market.

 

[MSM]

HEY FELLAS,
NOW I KNOW WHY I COULDN'T FIND THE STOCK. SOME OF THIS INFO COULD BE IN ANY LANGUAGE AND IT WOULDN'T MAKE ANY DIFFERENCE. I HAVE MY HOMEWORK CUT OUT FOR ME AND I WILL GET RIGHT ON IT. YOUR EXPLANATION OF THE INFO IS GREAT AND I WILL RESEARCH SOME OF THOSE STOCK.
THANKS FOR YOUR HELP AND I'M SURE THIS WON'T BE THE LAST QUESTION I ASK. I AM GLAD YOU TAKE THE TIME TO ANSWER.
THANKS AGAIN,
MSM

 

[selkirk]

update

put an order in to buy 400 ATP.un at $11.10 currently trading around $11.25 cdn.

yields 9% if I can buy it at $11.10, main risk is they own interests in power plants in the US. so there is a currency risk, though at this time it is hedged. still if US dollar would tank against the cdn. dollars this trust would go down.

MSM will post a series of samples that are quite clear, did a small presentation for my share club months ago, just have to find the pages...LOL

Doughboy is correct investors can use options in their portfolio. I would learn about the topic or get help from a broker though. Know of one person that traded options the first year on his own, did incredibly well. made large amounts of money...count the zeros.

then he wrote a few puts on Nortel at $80, then at $60, he would write more and more to dollar cost average and try to make a small profit on the trade. Nortel went below $1, if it would have went to zero he would have lost all of this money and his home.

just like in stocks, you never dollar cost average (on a losing position), espically options. almost lost everything.

one more point is that the prices are very low for writing (selling) calls and puts. some multi year lows. I mainly like writing (selling) but probably more value in buying certain calls and puts.

ie. puts on cdn. banks that would have given me almost double the premiums just two and three years ago.

thanks
selkirk

 

[infinii]

selkirk,

Are you in Toronto? If so, I'd be interested in attending this "share club". right now I'm practically totally unvested as I thought there'd be a downturn in the market last year...but it just kept going up and I couldn't force myself to buy in what looks like it could be the top of a bubble.

Pretty much waiting for a crash to buy in. also for the housing market

Just started reading your posts but will start reading regularly now, learning alot...thanks!!!

 

[selkirk]

infinii welcome to the stock forum. not in Toronto but visit the city ussually on business a few times a year, that and Winnipeg.

belong to two shareclubs they can be good for sharing information, and listen to what other people think of the markets. do not always agree but ussually get a few ideas.

I at times should have more money in cash, though I have proven cannot time the market for the most part. have stops on my stocks in case they fall to much.

would agree most cdn. stocks would rate at holds. liked energy stocks but little scrared how quickly they went up since jan 1.

will post on some cdn. mutual funds, and my DRIP/SPP portfolio. basically in that portfolio own Scotiabank,cibc, bmo, riocan, ect. and the dividends are reinvested and no charge to buy more a good and simple way to invest.

my trading accounts at certain brokerages have done better than the passive portfolio but sometimes it is very close. far less headaches with the DRIP/SPP portfolio.

I would find it interesting any thoughts you have on Toronto real estate and the prices. see some condos that sell a parking spot for $20,000- $25,000 on top of the price of the condo. of coarse real estate in Toronto is probably a good investment as long as you dont buy at the very top.

i check the stock forum out here daily (if not every two or three days) so can always check out the information posted.

thanks
selkirk

 

[infinii]

Kirk,

About the real estate market here. It's cooled down quite a bit, sellers are still getting essentially asking price but the bidding wars where they were selling 50-100k above asking price isn't as normal these days.

I've been stubborn and have been telling my wife that I want to wait for the market to crash before upgrading from our condo to a house. However, in speaking with my parents this weekend, they said that it's unlikely to crash. Basically, in my life of 35yrs...the 1990 crash was the only one. Not quite as cyclical as the stock market I guess. So, I'm in a bind as I don't want to buy at the peak but my parents might be right and there simply might not be a crash (not soon).

The condo market is saturated, why anyone would buy an older condo that has rising maintenance fees, etc. is a question to me when the new ones are newer and cheaper.

If you care, rental rates are quite low as there's an abundance of 'investor' owners who bought these condo units to flip for investments and can't find buyers. High vacancy has lowered rent quite a bit in the last year (sorry, no exact #'s).

I think I'll take your advice and wait before I start accumulating any position in stocks for now.

thanks