Thursday, March 21, 2013

I'm going against the current (or whatever)

Hey Financial Freaks!

I read all your blogs and articles and I have to say something: «Are you nuts?»

That's right. People are buying like there's no tomorrow. What is that?

Apart from POW, ABX, SU and other slumping underrated (and excellent) stocks, I wouldn't know where to look at.

One of the main rule we learn in investing books (and in those financial articles) is to go against the current. Right? So right now, the bull market has been in full swing for quite some time. Something's gotta give (not me!)

I keep away from the market and pray (sort of -- I'm not that religious!) for a correction.

Actually, at the moment, the most sensible thing I've read from a fellow blogger is a post about how he bought a gold coin! Well done. Especially in the wake of what's going on in Chypre. Apparently, your money isn't safe in banks anymore.

Meanwhile, Mr. Taxman has been kind to me and has given me back money (I had previously given him!). We expect a total refund of roughly 5 K$ Cool. I am still waiting for 1,3 K$ from that money.

What did I do with it? I paid my margin and Visa. My 2K$ debt has been totally erased. Actually, I should have paid it earlier with the cash sitting in my account. Go figure.

So my Net Worth has changed a little -- for the best. Check it out here. Let me know what you think.

Why are people so bold? Tell me. Are you also buying at the moment? Or are you like me and try to have the best possible margin of security by buying as low as you can?

I want to know. Tell me Freaks, « Is greed good?».




Tuesday, March 12, 2013

Taxes and other stuff

Tax return and Kraft Foods Group

I just done my taxes and I should get a nice return of roughly 3 K$.  A little more with the 1, 5K$ from my girlfriend.

This time around, doing my taxes was a tad complicated. I had to send it by mail -- on paper I mean. Yeah, speaking about a stone-age method! Tax people are actually more demanding if you send it by mail; you need to send all those receipts, etc. Which was a pain.

The culprit for the paper part was my shares of Kraft Foods Group. I had to indicate in my tax return that I didn't want my new KRFT shares to be considered as a revenue with the recent spin Off. It's a little difficult to explain, but by doing so I'm getting much more on my return. Hence the hassle and the paper.

How I am diversified? But not crazy like

If you have ckecked out my Net Worth page, you can get a sense of how I have diversified my main assets between stocks and real estate for instance. Basically, it means I have a condo, some stuff (like a car and a motorcycle) and stocks on the market. I could be more diversified with a land, a rental property or else (eventually!). But that's it for now.

If you also look at my Portfolio, there is also some diversification between bonds and cash, and stocks.
Right now it's pretty much 50/50. This has to do with the market lacking buying opportunities more than the actual % proportion I am aiming at.

There is also some balancing between shares from sectors I want to be part in such as finances, energy and so on. Right now, I don't hold any shares from the Telecommunication sector. So it should give you a great indicator as to where I'd like to invest eventually. My energy sector is also low. As well as the consumer staple sector.

The point is : I feel it's important to balance well my portfolio in order not to be over exposed to one sector in particular -- and to forget one as well.

***


Thursday, March 7, 2013

I sold some Suncor

Hello freakosphere!

After a buy in gold, I sold a tiny portion of what has been these past years my largest holdings, Suncor (SU) that is.

I sold 25 shares @ 31. 72 $ Like I said, it's nothing to write mama about (just a post!).

Like ABX, SU has been on a roller coaster ride since my first buy in 2010. A lot of ups and downs -- mostly downs. 

There now seems to be a willingness to return more to shareholders. But before that a company has to make much profits. Their dividend policy is still very conservative, to say the least.

Our petrol company are finding it harder and harder to finds ways to redirect their gas through to the US and the eastern part of Canada.

Our prices are now hardly challenging the ones from the West Texas Intermediate market. 

To open even more the market, companies are looking other means of transportation. Like trains! No wonder why railways companies shares, like CP and CN, have caught fire recently.

Still, the situation is not as bleak as it looks. SU has recently posted some good results anyhow. So there is hope. I will however monitor the situation closely.

With 300 shares, Suncor is still one of my top 3 holdings. It's worth a close follow-up.



Monday, March 4, 2013

I made a buy

Hey Freaks!

I bought more shares of Barrick Gold today. 20 to be exact @ 29, 39 $. I now own 250 shares of ABX.

When I saw that shares were trading below 30 $, I had to make a move. Besides, owning 230 was
bugging me, I had to have 250!

No, seriously, I know Barrick is in a world of pain at the moment. But it still the largest gold producer
in the world.

It will take a year or two before it gets back on its solid basis. Right now, it's trading under it's fair value by a long stretch. I expect my investment to come into fruition in years to come. So patience is of the essence.

The only thing I know for sure now is that I will no longer invest in the company before it's getting healthier. 10 K$ is more than enough, especially with a meagre dividend of only 0,80$

So for now that's it on the stock front.

It's Tax month here in my part of the world. Our condo tax bill is clocking roughly 2,5 K$. So my savings should be lower than usual. Bloody taxes are the culprit!






Friday, March 1, 2013

Ze Budget and some stuff

Financial Freaks!

February is over and I'm almost glad it is. We had planned to spend no more than 3, 5 K$ and ended up 776 $ under. Yikes!

Check out our budget and let me know what you think, or what you would do if you were me. Remember, you'd also be handsome and clever. So easy on the girls, I have a girlfriend remember!

Some stuff

  • I don't receive a lot of comments from people. Sometimes I think I'm the only one coming here. Maybe I am. (even my girlfriend is snubbing me -- and remember that I'm handsome and clever. So why? I'm asking you...). Anybody wants to say something. I'd take a hello!
  • I look at a guy like Dividend Mantra, people are visiting his blog like mad. What does he have that I don't ? A job? Good point. But apart from that? I own Canadian Stocks too! Geez...
  • Power Corporation (POW) has had a pretty good week. I'm telling you, this company is one of my favourite. It's got it all. 
  • I'm still waiting for the market to come tumbling down. I too I'm hunting for elephants, small elephants. OK, ok, something like a squirrel. But hey, I'm still hunting. Geez... If I buy something it will be no less than a 5 K$ buy. But when and what? This is the question.
  • Anyone seen Inglorious Basterds from Tarantino? The bar scene makes me want to learn German. Real bad. If you haven't seen it, check it here now. Now! 
  • I especially like the moment when the British spy is uncovered and he goes back to speaking the King's English with a « well if this is it ol' boy »... How about those Nazis uniform made by Hugo Boss. These guys were nuts well dressed.