On June 26th 2017 I had bought 11 739 stocks of Lithium Americas ( LAC.TO) for a price of 0.92 cents. For a month and a week I have watched this sock take a beating. I even wrote about the day that this stock dropped 15% in the markets. I held onto the stock through the drop. It is always emotionally draining to watch a position you hold lose money. Sometimes you have to make a hard call to cut…
I am placing a sell order for my Lululemon ( LULU ) position. I bought 145 stocks for $51.07 and currently the stock is trading at $61.94 for a return of 20% ! Part of the reason the stock has gone up is due to buyout rumors. The company will be releasing its quarterly earnings reports this Thursday . I prefer not to hold stock positions through earnings report releases – In the past I have suffered some heavy losses…
There are many ways to invest in commodities such as gold, oil, copper etc. One of the ways I invest in commodities is through the companies that mine the commodity . In the past I have invested in companies related to gold and oil, and currently I hold a position in a Lithium mining company. I came across a Cobalt company recommendation on BNN – Katanga Mining Limited. This was recommended by Michael Smedley, chief investment officer at Morgan Meighen &…
Many of our North American Stock Indexes are currently at an all time high. If you are like me you may be worried about the next big crash in the markets. As such I am currently focused on having a portion of my portfolio in defensive stocks ! In this mind frame, when I came across Jason Del Vicario’s recent top picks on BNN it resonated with me. He recommended : Dollarama DOL.TO – people will continue to shop here…
Short Term Trade in – LAC.TO ( LACDF) Earlier last week I had invested in Lithium Americas Corp which trades on the TSX ( Toronto Market) as LAC.TO and as LACDF on OTCQX ( US Market) . This was one of my short term speculative trades. I have purchased it at $.92 CAD, and have watched the stock fall to $.78 CAD . The biggest drop came today at $.10 CAD per share. I have previously invested in this company…
I bought Lululemon stock when it took a beating after its earning reports in end of March of 2017. See my rational behind buying the stock . I bought 145 stocks for $51.07 and currently the stock is trading at $59.10. That is a 15.7% return in three months. Which to me is a decent return for one of my trades for that time frame ! I was planning to hold on to it for longer – because I believed…
Many people tend to hold their savings in cash . Most of the time this is because they are not sure what to invest it in. It may start as for a short time and that can easily turn into years ! Holding your savings in cash is bad !! The purchasing power of cash over time decreases due to inflation. So never a good idea to hold your savings in cash ! A lot of my friends and family…
This is one of my favorite stocks to speculate in. I usually keep a few stocks on my watch list and keep track of the range the stock trades in. Whenever I notice a significant pull back – I will step in to buy. Some stocks I keep only for a short time – others for long. My short term trades are usually in my TFSA and longer term trades in my RRSP. I have previously done short term trading…
Since I have heard of bitcoin ( cia 2010) I have wanted to own some. Just never managed to spend the time to buy any ! I lost my opportunity to buy it when it was at $10 and when it was over $100. So I decided I am going to buy some when it is around $3000 ! Hopefully, I don’t look back and cringe at this post. One of the reasons I want to buy bitcoin is that…
I been hearing lots about bitcoin lately – I remember hearing about in 2011 and thinking maybe I should buy some. Never followed through with it – procrastination is a bitch. This time I am going to spend some time to see if I can understand it, and if it makes sense for me to invest in it. Reddit has about good introductory post about bitcoin. I recommend you watch all the videos from the link. Coindesk has some good…