At 117 561.46$, my non-registered portfolio is going quite well. At this time, I am really looking forward to invest something like 500$ in Crescent Point Energy (CPG). It’s not that much, but it’s all I have at this time. Not to forget that next week will be pay week. Then, obviously, there will be more cash-“IN” to invest.
The reason why I am so excited about this new investment is the following: in my non-registered portfolio, my book value is of 118 265.89$. 118 265.89$ - 117 561.46$ = 704.43$. This mean that at this time, I only missing 704.43$ to recover from my internal capital loss. So that’s very good. While adding 500$ more in my portfolio, I will only be missing a 204.43$. That amount goes up and down of course depending of the value of the non-registered portfolio and of course, that value vary on a daily basis and even worst, during the trading day, that amount vary second after second.
And imagine next week, when I will have 1k to invest.... I will no longer have internal capital loss to beat. I am getting closer to the 200k and I cannot wait to hit the 8k in dividend income. Right now, an issue I am facing in my 2011 RRSP contribution. Don’t ask me where I am going to take the money because right now, all the cash is getting injected in the non-registered portfolio. I don’t have what it take to invest in a RRSP account.
Wow you don't understand much about investing. When you invest more money, your book value increases as well so that won't erase your internal capital loss as you put it.
ReplyDeleteThe accountant
I am laughing while reading your comment.
ReplyDeleteThis is soooo true. I don't know much about investing, everyone and anyone reading this blog know about that and they knew it a long long time ago now. Oh yeah.
It's so true, the capital loss won't be erase, but you know, while thinking quickly, that's what I had in mind you know.
lol
This is funny and soooo me :)
Investing from your pocket means not erase your capital loss. Please track your records and calculate the actual capital loss/gain. Also, CPG is not a blue-chip company. It was a Energy Trust. Please stick with high quailty stocks and diversify your portfolio. I learnt everything from my mistakes in the past.
ReplyDeleteHi Sunny-Can't you wait a week til you get paid? That way you will have $1500 to invest instead of paying brokerage commissions twice.
ReplyDeleteMark
Good advice! ;)
ReplyDeletewas wondering the same thing, how can one put money in to reduce losses of capital..wish it was that easy. what about the losses on your Pengrowth and Just energy sunny, they must exceed $700, i know i hold JE and i am down too. funny but buying the blue chips..like Enbridge has only brought good stuff and i am not worried over it.
ReplyDeleteHi Sunny/Ruth,
ReplyDeleteRemember all Blue Chips were once samll-cap companies. The trick is finding them when they are in their growth spurt and ow them for 15-15 years. Not only do you becoming wealthy but you don't don't have to rely on dividends as much.
Mark
perhaps such as inter pipe or pembina , can see pembina since they acquired provident...i think they said it would be the 3rd largest oil company here. it sure is hard to pick a small stock that will grow .
ReplyDelete