Of course, it was inevitable that RY would increase its dividend immediately after. Fortunately, I hold RY in my non-registered account,too, so will get a "pay raise" there.Londoncalling wrote:Thanks Pickles and my congrats on locking in some profits
What did you sell, what might you sell? (2012)
Re: What did you sell, what might you sell? (2012)
Regards,
Pickles
Pickles
-
- Contributor
- Posts: 165
- Joined: 26 Jul 2011 15:51
Re: What did you sell, what might you sell? (2012)
Profit is still profit and one should not stray from their investment plan unless they can see that it is seriously flawed. Besides you still got a "raise"
Cheers!
Cheers!
Re: What did you sell, what might you sell? (2012)
Were you aware RY would report its earnings premarket today?Pickles wrote:Of course, it was inevitable that RY would increase its dividend immediately after. Fortunately, I hold RY in my non-registered account,too, so will get a "pay raise" there.Londoncalling wrote:Thanks Pickles and my congrats on locking in some profits
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
Re: What did you sell, what might you sell? (2012)
Yes.BRIAN5000 wrote:Were you aware RY would report its earnings premarket today?Pickles wrote:Of course, it was inevitable that RY would increase its dividend immediately after. Fortunately, I hold RY in my non-registered account,too, so will get a "pay raise" there.Londoncalling wrote:Thanks Pickles and my congrats on locking in some profits
Regards,
Pickles
Pickles
Re: What did you sell, what might you sell? (2012)
Recently trimmed:
Ivernia (IVW-T) $0.16
Ursa Major Minerals (UMJ-T) $0.12
Re: Both increased in value significantly following recent purchases. They were my risky small cap plays in TFSA and did not have many shares. My trading costs (could say MER) for each is way more than mutual funds! Yesterday, Ursa really rose in value and in the news (detail in link below). I do not really know what each eats/breathes and bought based solely on some stock screening criteria used (documented on FWR).
http://www.reuters.com/finance/stocks/U ... le/2493817
Ivernia (IVW-T) $0.16
Ursa Major Minerals (UMJ-T) $0.12
Re: Both increased in value significantly following recent purchases. They were my risky small cap plays in TFSA and did not have many shares. My trading costs (could say MER) for each is way more than mutual funds! Yesterday, Ursa really rose in value and in the news (detail in link below). I do not really know what each eats/breathes and bought based solely on some stock screening criteria used (documented on FWR).
http://www.reuters.com/finance/stocks/U ... le/2493817
- Norbert Schlenker
- Veteran Contributor
- Posts: 7960
- Joined: 16 Feb 2005 09:56
- Location: An Argument Surrounded By Water
- Contact:
Re: What did you sell, what might you sell? (2012)
Missed this earlier. At current premiums, these new issues don't make a lot of sense to me. Both issuers have outstanding issues that seem to me to be preferable (and which I already own).Pickles wrote:Did you consider pow.pr.g or pwf.pr.r as a substitute?Norbert Schlenker wrote:More long standing, and what I figured were absurd, offers on prefs hit the last few days... More cash. What a drag.
Nothing can protect people who want to buy the Brooklyn Bridge.
Re: What did you sell, what might you sell? (2012)
Sold 1/2 of my Methanex today.
I have had this stock for a long time. Low 30s has been it's usual high, and at times it drops down to about 20. When it gets there, I start to buy back in.
No idea what I am doing, but this has worked several times.
This is a good stock that I like to buy and hate to sell.
I have had this stock for a long time. Low 30s has been it's usual high, and at times it drops down to about 20. When it gets there, I start to buy back in.
No idea what I am doing, but this has worked several times.
This is a good stock that I like to buy and hate to sell.
Re: What did you sell, what might you sell? (2012)
Friday: Sold DPK
Monday: Sold XSB
Monday: Sold XSB
Re: What did you sell, what might you sell? (2012)
Recently sold:
Vanguard Total World ETF (VT-N) $46.50 (trim)
Anderson Energy (AXL-T) $0.60 (sold out)
Nomura (NMR-N, an ADR) $4.40 (sold out)
Re: Reducing equity weighting and raising cash. I'm trying to market time and seems like a better moment to hold cash rather than invest.
Vanguard Total World ETF (VT-N) $46.50 (trim)
Anderson Energy (AXL-T) $0.60 (sold out)
Nomura (NMR-N, an ADR) $4.40 (sold out)
Re: Reducing equity weighting and raising cash. I'm trying to market time and seems like a better moment to hold cash rather than invest.
Re: What did you sell, what might you sell? (2012)
Molycorp buys Neo Material for $1.3-billion
http://www.theglobeandmail.com/globe-in ... le2363776/
The good: it had to happen, Neo was too cheap to continue standalone.
The Bad: the shrinking of the Canadian small cap space continues. Now, I realize that new firms are continually coming up but it seems to me that they don't come up cheap and often don't suffer an event which makes them cheap for some time, if ever.
I will sadly take the money and then rejoice whilst counting my shekels.
http://www.theglobeandmail.com/globe-in ... le2363776/
The good: it had to happen, Neo was too cheap to continue standalone.
The Bad: the shrinking of the Canadian small cap space continues. Now, I realize that new firms are continually coming up but it seems to me that they don't come up cheap and often don't suffer an event which makes them cheap for some time, if ever.
I will sadly take the money and then rejoice whilst counting my shekels.
Show me the incentive and I will show you the outcome
--Charlie Munger
--Charlie Munger
-
- Contributor
- Posts: 78
- Joined: 10 Apr 2005 03:17
Re: What did you sell, what might you sell? (2012)
Sold all my McKenzie/Saxon Balanced fund in my RRSP before leaving on a trip at the end of February. I've held it for years since it was just Saxon, but will now probably replace it with some combination of XIU/XBB or the like.
Re: What did you sell, what might you sell? (2012)
Sold 264 Telus @ $57.98 to reduce overweight holding and reduce market exposure a bit.
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
Re: What did you sell, what might you sell? (2012)
Sold 1/2 my Viterra after is jumped on take-over news.
- Shakespeare
- Veteran Contributor
- Posts: 23396
- Joined: 15 Feb 2005 23:25
- Location: Calgary, AB
Re: What did you sell, what might you sell? (2012)
Sold HR.UN. Now out of REITs completely.
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
Re: What did you sell, what might you sell? (2012)
I can understand why someone might get out of REITs, but maybe a bit early? If interest rates do rise, what will do better if cash flow is important?Shakespeare wrote:Sold HR.UN. Now out of REITs completely.
Personally, I have a few individual large REITs like Riocan and Dundee. But also have them as part of SIN.UN and TD Monthly Income. I will probably not change my REIT allocation Even although unit values may drop, cash flow will likely continue and may even increase as inflation drives rents up.
Definitely would like to hear the other side (perhaps in a new thread)
- Shakespeare
- Veteran Contributor
- Posts: 23396
- Joined: 15 Feb 2005 23:25
- Location: Calgary, AB
Re: What did you sell, what might you sell? (2012)
I prefer to get out early. I've done well with REITs; I don't think the risk/reward is anywhere as favourable going forward.maybe a bit early?
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
Re: What did you sell, what might you sell? (2012)
What sectors are you considering to reposition these funds?Shakespeare wrote:I prefer to get out early. I've done well with REITs; I don't think the risk/reward is anywhere as favourable going forward.maybe a bit early?
- Shakespeare
- Veteran Contributor
- Posts: 23396
- Joined: 15 Feb 2005 23:25
- Location: Calgary, AB
Re: What did you sell, what might you sell? (2012)
Corporate bonds (ZCM, 4%) and high-yield bonds (ZHY, 2.5% with the addition of the HR.UN funds). Note that this totals only a small part of the portfolio.
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
-
- Veteran Contributor
- Posts: 5923
- Joined: 27 Feb 2005 07:14
- Location: Canada
Re: What did you sell, what might you sell? (2012)
Sold all my REI.UN this week.
Purchased 14 months ago looking for capital appreciation along with the dividend, and have made ~28% over that time.
Trading about 20x AFFO, with a payout a bit better than 100% AFFO, I don't see it appreciating much over the next year.
ltr
Purchased 14 months ago looking for capital appreciation along with the dividend, and have made ~28% over that time.
Trading about 20x AFFO, with a payout a bit better than 100% AFFO, I don't see it appreciating much over the next year.
ltr
Re: What did you sell, what might you sell? (2012)
Trimmed my position in CAR.UN by 2000 shares at 22.14 just in case Shakes is right about REITs being so vulnerable to higher rates. At least I got my order filled before the bigger plunge later in the day.
Also dumped a bunch of CU long bonds just in case the recent bond jitters are for real.
Sure glad I got rid of 90% of my RRBs about a month ago.
Still think that Obama will do everything he can to keep the lid on int rates in an election year.
Also dumped a bunch of CU long bonds just in case the recent bond jitters are for real.
Sure glad I got rid of 90% of my RRBs about a month ago.
Still think that Obama will do everything he can to keep the lid on int rates in an election year.
Re: What did you sell, what might you sell? (2012)
In the past week, I've sold the small positions of BNS and CNR I purchased a short time earlier for quick gains in my RRSP account. I had made this short-term investment to mark some time before investing in another GIC/bond to replace a rung in my ladder.
Regards,
Pickles
Pickles
- Peculiar_Investor
- Administrator
- Posts: 13267
- Joined: 01 Mar 2005 14:52
- Location: Calgary
- Contact:
Re: What did you sell, what might you sell? (2012)
How does one determine which stocks to purchase for quick gains while marking time to purchase something else? Is there a formula or screening technique? Is it safe to presume that you are also prepared to accept quick losses? If you can make quick gains this way, why lock into a GIC at today's low rates?Pickles wrote:In the past week, I've sold the small positions of BNS and CNR I purchased a short time earlier for quick gains in my RRSP account. I had made this short-term investment to mark some time before investing in another GIC/bond to replace a rung in my ladder.
Signed,
A somewhat peculiar buy and hold investor
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: What did you sell, what might you sell? (2012)
I pick Blue chip dividend stocks I have been following for more than two years. Usually they have a higher dividend yield than CNR but, I made an exception with CNR. When it went below $76, I was comfortable buying it for a quick sell (I sold it at $79).Peculiar_Investor wrote:How does one determine which stocks to purchase for quick gains while marking time to purchase something else? Is there a formula or screening technique?
Short-term temporary paper losses, yes. I collect the dividend until I can sell at a profit. Sunlife is an exception. I sold at a loss because I expected a dividend cut and further devaluation (I was wrong).Is it safe to presume that you are also prepared to accept quick losses?
With BMO stock, I changed my mind at the time to sell and decided to keep indefinitely (since I was underweight BMO in my non-registered account).
I hate to, but keeping my RRSP money safe is my priority. Knowing my RRSP money was safe bought valuable peace of mind when the market (and the value of my non-registered account) plummeted in 2008. 0% or minus 1% after inflation is better than -25%. At no time do I have more than 10% of RRSP money in stocks.If you can make quick gains this way, why lock into a GIC at today's low rates?
Like others here, it is really hard to lock money in for 5 years at a dismal rate. I have extended my ladder to 8 years and warped the rungs a bit but have stuck with the concept of the bond/GIC ladder in my RRSP. Making an extra chunk of money before rolling maturing investments back into the ladder helps to make the current low returns palatable.
Ditto!Signed,
A somewhat peculiar buy and hold investor
Regards,
Pickles
Pickles
-
- Veteran Contributor
- Posts: 1224
- Joined: 23 Feb 2005 10:04
Re: What did you sell, what might you sell? (2012)
I also sold bns stock I held separately, a few weeks ago, along with some Agrium that had gone up a bit. I bought back the agu on another dip and am now eyeing the higher price this morning. I think I'll just sit on it a while.
I'm also trying to shift more gic money into the rrsps. It is hard as I have no new contribution room so am having to wait to sell things or wait until the dividends pile up.
I'm also trying to shift more gic money into the rrsps. It is hard as I have no new contribution room so am having to wait to sell things or wait until the dividends pile up.
suzy
Re: What did you sell, what might you sell? (2012)
Me too. I have a small amount of contribution room left for later but I'm focused on growing my RRSP safely without contributions for now. Approximately 15% of the portfolio matures annually. My goal is to add an extra 5% - 10% to the amount maturing, through short-term stock investments, then re-invest in the next step of the ladder. If I am successful, this adds about 75 basis points to the year's return for the whole RRSP portfolio plus it grows the amount re-invested by 5% -10%.flywaysuzy wrote: I'm also trying to shift more gic money into the rrsps. It is hard as I have no new contribution room so am having to wait to sell things or wait until the dividends pile up.
Being unable to swap investments between my RRSP and my non-registered account hasn't made my managing any easier. I have some bonds and GICs in my non-registered account that I would like to swap for the BMO shares in the RRSP. The rule change took place shortly after I bought the shares.
Regards,
Pickles
Pickles