Back in 2008, Sprott Inc. (SII) was my very first stock investment. I was very excited about it (it was my first stock purchase!) and back in the time, I didn’t know how to place my stock purchase. I was completely illiterate, even worst than now lol. Anyhow, I didn’t want to wait. I place the order through a broker. The commission fee? Something like 70$. Way too expensive, but at least, it was there! My first stock investment, 500 stocks of Sprott Inc. (SII) at somewhere close to 10$ per stock, 5 000$ value, it was there in my broker account! I had been holding Sprott Inc. (SII) ever since.
When it comes to Sprott Inc. (SII), I saw it all. I saw my stock value going as low as 4$, if not even lower but it’s not something that I really want to think about now. Imagine: my first stock investment... and it was going to be a flop? NO WAY! Investing in Sprott Inc. (SII) had been one of the best decision ever because it make me learn about the famous PHS.U, Sprott Canadian Equity Fund and hooooooo Timminco (TIM). I never had any doubt about Sprott Inc. (SII). Any investor experts could tell me I was going to make a mistake while investing in Sprott Inc. (SII), Sprott Canadian Equity Fund, PHS.U that I wouldn’t even believe. I would have laugh after them. It turn out I was pretty right actually, at the exception of Timminco (TIM). I loss 4 000$ by being blind to stick to a stock being promote by Eric Sprott. I was blind to dead. This wasn’t supposed to happen, Timminco (TIM) was a Eric Sprott pick after all. I learn the hard way that even financial guru can have their flop. Timminco (TIM) was Eric Sprott investment flop. Not mine. :0))))
Back in 2008, it was the glory days of Sprott Asset Management. The hedge fund of Jean-François Tardif was performing well, the Sprott Canadian Equity Fund was at its highest ever... I was confident that Sprott was able to bring in what I wanted: huge, very very huge profit. But than, the stock market crash, right after I had invested 5 000$ in the Sprott Canadian Equity Fund, right after I had invested 5 000$ in Sprott Inc. (SII) and also, right after I invested 2 000$ in Timminco (TIM). Following the stock crash, I took the decision to invest 2 000$ more in the Sprott Canadian Equity Fund and 2 000$ more in Timminco (TIM). My only regret is the 4 000$ that I lost in Timminco (TIM). Following what, I made myself the promise that I will stop investing if I would have to lost that much money ever again. My experience in Timminco was one in a lifetime. If something like it ever happen again to me, I promise to call it quit. Ever again will you read anything on this blog!
Strangely, since that time, I recover from my lost because other investments had performed very well. Those include Sprott Inc. (SII) and the Sprott Canadian Equity Fund, not to mention Sprott Physical Silver Trust UTS (PHS.U) and Jean-François Tardif top pick Premium Brands Holdings Corporation (PBH), an investment I still hold today and that been performing very well.
This being said, Sprott Inc. (SII) had declared today a SECOND special dividend. Like if a one time 60 cents special dividend wasn’t enough for Sprott Inc. (SII)! This time, the special dividend is of 12 cents per unit. But wait, that’s not all! Please include to that amount the regular quarterly dividend of 3 cents, for a total of 15 cent per stock. This is very good, especially knowing that Sprott Inc. (SII) had paid, not too long ago, a 60 cents special dividend.
How do you think it make me feel to get this kind of return on my ever first stock investment? I simply cannot believe it. Get ready for the special Sprott dividend - part 2! 3 business days before the 31 of March please or something like it in order to get your Sprott fresh new cash. I will get mine, will you get yours?
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