Yesterday, I spent a few hours at the Montreal Casino and I blow away $80. Pretty insane isn't? I know its not the correct thing to do - especially while working at paying off my enormous debt. However, it was fun to play on my money. I like the excitement of playing on machines. Youhouuu!
I am not addicted. I know when to stop - and after losing $80, trust me, I ran out of there. I didn,t go to the ATM machine to withdraw money; I had enough! The interior of the Casino really suck right now. It doesn't look luxurious at all when you look down at their red carpet. There's been construction going on inside like forever now. The inside doesn't match the outside. The outside construction is really nice, but while being inside, no-no. It actually look old and need a complete refreshment from upside down. I only go once in a while, but there's still stuff going on. Its not very sexy to have like a cafeteria in a Casino. But they have that in Montreal... And now, you can bring your drink anywhere you want; which is not classy at all.
Anyway, I think you get the idea. Guys and girls working at the Casino have sometime to deal with complete morons. The fact that anyone can drink a bit everywhere now is not helping them in any way. And its not good for the security of visitors too.
Drinking right next to a slut machine is not sexy, it look dumb and unsophisticated. Drinking at a poker table is not sexy either because a poker table is a place to play, not to get drunk.
One day for sure, I will go to Vegas and I will blow hundreds and hundreds. I promise. It suck not to be able to win whenever I want but yesterday, the sky wasn't on my side.
It will be a lot more sexier to play on US dollars anyway.
My non-registered portfolio is at $116 113.20. We'll talk a bit more about it. There's some changes I would like to make. You'll see, it will be interesting!
But first, let's begin with my debt repayment goal. Yeah I know, times are changing, I am now paying my debt!!! Well, I would like to pay off my debt before I get pregnant, IF it had to happen. And no, there's no mister at this time. Getting involved in a relationship with a Quebecker is something just going out of my mind at this time.
This week is pay day on Friday. I already know what I will be doing with the money. A part of my pay will go directly on my $2 201.20 credit line. I unfortunately have to keep the biggest part for my rent. For the upcoming months, probably until the end of 2014, I will do my best to pay off a maximum of debt. I am carrying about 80k of debt at this time and I now find its way too much. One day, the interest rate could raised and I don't want to get stuck forever on heavy debt and too high interest rate.
I have to say that at this point, I find that what I have as portfolio is enough. It won't be never enough to retire on, but don't ask me why, I am satisfied the way it is. But I can certainly rearrange some stuff....
I read on the Financial Post that the one and only Warren Buffett had invested over $150 millions in Suncor Energy Inc. (SU). You can read about it all right here. I am not a Warren Buffett specialist, but I supposed that in his adult life, Buffett may had made only good investment choices - or it appear to be that way. Right now, Suncor Energy Inc. (SU) is trading at its top pike, but I am really tempted to invest in that stock just to be in the same game as Buffett. From now on, I will have at least ONE little thing in common with it and the thing will be a stock: Suncor Energy Inc. (SU).
Warren might be of a certain age, but I believe he will be around for a few more years and it will be interested now that worldwide economy is more complex than ever before, it will be interesting to follow where he's going when it come to the market. I must admit, I find oil investing very complex and hard to follow. I am not a oil fan. But like everyone, I need money and if Warren Buffett invested in Suncor Energy - it mean something to be. And so why not.
I have that stock, Exchange Income Corporation (EIF). Its a big holder of mine, I had more than 7k invested in that stock. Recently, it went down, but I am still on a profit with that one. So I thinking of selling 100 stocks of EIF in order to invest in Suncor Energy Inc. (SU).
Another option would be: I had been holding New Flyer Industries Inc. (NFI). I had invested in NFI a little way back. I invested more than 2k in that one. Holding NFI in my portfolio hadn't been easy. For a long period of time, NFI had loss in value, but it had now recover. I am now only under $180 to the original investment made. I was thinking of partly selling NFI and reinvest the money in Suncor. That could be actually a great idea.
I could also partly sell EIF to pay off some debt, or even sell it all.
I am not quite sure on what to do, but I will you post for sure!
In the meantime, I had over $600 available in my RRSP account. I had a GIC that I recently cashed out and believe it or not, after 5 years, I haven't earned any money from the GIC. I decided to no longer invest in GIC related to the stock market because they are too risky. Too risky to not make a single penny in profit. I decided to place a small investment in Tim Hortons Inc. (THI), which is a Derek Foste stock. I place my order today t a max price of $62 per stock, just to make sure the trade won't exceed the money currently available in my RRSP account.
That part was easy, but I just have a bit of anxiety about EIF and NFI. I wouldn't like NFI to go down account, I had been lucky that I had been able to recover on that one. As for Exchange Income, I am a bit surprise, I wasn't expecting that one to go down that much.
Having too much invested n the same spot is not a good thing, especially when it is about stock that I had picked myself lol...
But hey, I will figure it out soon.
So stay tune.
The list of my best tips on how to save money will come soon. You'll know about all my secrets!
I have that stock, Exchange Income Corporation (EIF). Its a big holder of mine, I had more than 7k invested in that stock. Recently, it went down, but I am still on a profit with that one. So I thinking of selling 100 stocks of EIF in order to invest in Suncor Energy Inc. (SU).
Another option would be: I had been holding New Flyer Industries Inc. (NFI). I had invested in NFI a little way back. I invested more than 2k in that one. Holding NFI in my portfolio hadn't been easy. For a long period of time, NFI had loss in value, but it had now recover. I am now only under $180 to the original investment made. I was thinking of partly selling NFI and reinvest the money in Suncor. That could be actually a great idea.
I could also partly sell EIF to pay off some debt, or even sell it all.
I am not quite sure on what to do, but I will you post for sure!
In the meantime, I had over $600 available in my RRSP account. I had a GIC that I recently cashed out and believe it or not, after 5 years, I haven't earned any money from the GIC. I decided to no longer invest in GIC related to the stock market because they are too risky. Too risky to not make a single penny in profit. I decided to place a small investment in Tim Hortons Inc. (THI), which is a Derek Foste stock. I place my order today t a max price of $62 per stock, just to make sure the trade won't exceed the money currently available in my RRSP account.
That part was easy, but I just have a bit of anxiety about EIF and NFI. I wouldn't like NFI to go down account, I had been lucky that I had been able to recover on that one. As for Exchange Income, I am a bit surprise, I wasn't expecting that one to go down that much.
Having too much invested n the same spot is not a good thing, especially when it is about stock that I had picked myself lol...
But hey, I will figure it out soon.
So stay tune.
The list of my best tips on how to save money will come soon. You'll know about all my secrets!
Posts
18 comments:
Sell low (EIF - 52 week low) and buy high (SU - 52 week high)
I wonder if Warren Buffet's stocks do well today because he mentions them to the public. Luckily he is not the type to sell right away - then his followers would take a loss. Should be a good stock to hold on to!
The casino is a big money pit for the owners. The house , aka casino, will always win...
I know it is not the same atmosphere, but with bingo there is a better chance of winning.
I go to the casino once in a blue moon and take 20 dollars. If I win over the 20 I cash out immediately. If I lose, I leave right away. The atmosphere is always good.
1. Cash all your stock in, pay off ALL your debt, and then start investing with real money - NOT MARGIN.
2. Cut up your credit cards - ALL OF THEM.
3. Live off CASH.
4. DO NOT go to a casino and blow money.
Suncor you are late to the game. the stock already up based on the buffet news. before this announcement, the stock did nothing for the past 4-5 years. 52 week high again...
You always buy stocks at high price. SU in 52 week high, THI in 52 week high. We advise you to buy THI in $48 or $50, but you mentioned $50 for cup of coffee is too expensive. Now you are buying at $62.. you need to learn a lot in investing.
She also bought Telus at a high. That's why her nonreg was 126k July 2012 and now it's 116k..
buy high and buy higher lots of mistakes like telus 2:1 split that wasat 52-week area... the list go on. you are chasing after what did well, you should be chasing what went on sale
I bought Suncor at $30 and thinking about selling. We'll see.
If you are buying, I might want to consider buying Philip Morris instead. It's at about $84, with 4% yield and they are about to announce a dividend increase in a few weeks. Also, this is a great dividend growth stock.
Don't worry about Suncor being at a 52 week high, it's got lots of room to grow. Buffet didn't buy Suncor for what it will do in the next few months; he bought it for long term and at 36$, Suncor is still a deal. Whether it goes down or not in the near term is a guessing game; where 50% chance it goes up and 50% chance it goes down. I bought Magna early this year while it was trading at a 52 week high, actually it was trading at a 3 year high of 50$ and today it's trading at 85$.
tim hortons was not attractive and too expensive at 50, now it went to 60, now it is the time to buy at the all time high and now it was less expensive, what is the logic??? you are chasing what is hot you should be looking at what is on sale stocks...
You're no Buffet and never will be. End of story.
you don't follow Derek foster's advise either, you should read up his book carefully, buy when it's on SALE, not when it's HOT...
Sunny never said she was a Buffet!
You talk about Buffet, you certainly don't invest like him in any way, shape, or form. I like reading what you write for the comedy of mistakes and poor financial know how - nothing more.
Been a while since you posted some more lunacy. Do it! I am in withdrawl.
Relax, regroup and ignore the comments. Re-read your own blog and see if your logic makes sense. To many of us, who invest and trade, it is making less and less sense your recent decisions. regroup, refocus and redeploy to get back ahead of the market instead of trailing it. - Cheers.
No post in 2 weeks. Are you off your meds?
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