Cold cash: $3,393.93
Stocks and Units investment portfolio $US:
TOTAL: $103,621.76
RSP investment portfolio:
CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $3,250.39
On the date of January 6, 2021
Because life is all about money and a bunch of other things
Cold cash: $3,393.93
On the date of January 6, 2021
First, many investors, like probably Warren Buffett himself, probably don’t consider Ethereum (ETH) as an investment. Currently (that was earlier this morning), BNN anchor Jon Erlichman is explaining that in the US, we are facing a sell off. Today, Jon Erlichman was wearing a purple silk tie that fit him well. In 2021, it seems like his country farm bucket is here to stay! :-) (It’s a mysterious bucket that contains some fake decorative flowers that I find extremely bizarre for some reason and that bucket is in a dark corner right behind him, in an effort to create some kind of an ambiance background, as a little décor. It’s probably his girlfriend stuff lol). I had been obsessed by the content of that bucket for months now. I wonder what Amber Kanwar’s home décor will look like when she comes back from her maternity leave. Can’t wait! :-)
This sell off the situation for the US is a good indicator for crypto. That we like it or not, the US has a huge influence on the market. If the US market goes down, it’s mostly like that the TSX will also go down. It’s not of an automatic situation, but if the US market is down, the Canadian market will probably go down too, sooner or later. Let’s continue on the same road. If the US market is facing a sell off, chances are that cryptocurrencies will face a sell off as well. And this is particularly true at this time, when both Ethereum (ETH) and Bitcoins had lived on their highest value ever. I am happy with the move I performed in The Ether Fund (QETH.U) yesterday. The timing was absolutely perfect.
I am not turning my back on The Ether Fund (QETH.U), but I would to see a little drop on the unit price before I get back in. QETH.U closed today session at $21.46. I was able to make good gain on it, but it’s quite complicated to play on a fund that trade in US dollars over the TSX. Today between 10:49 am and 10:56 am, QETH.U had been affected by a trading halt. Imagine being in front of your computer, and desperately trying to buy or sell some units... that must me frustrating. I had to wait for a couple of extra unusual seconds for my sell order to go through yesterday, and I wasn’t exactly happy.
Other than its famous The Ether Fund (QETH.U), 3iQ offers a fund that actually trade, from my understanding, in Canadian dollars, over the TSX: The Bitcoin Fund (QBTC).
Cold cash: $3,393.93
On the date of January 5, 2021
Margin account debt: $48,088.73
Annual interest: $1,923.55
**For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.
Today, the TSX closed Monday session at a good 17,527.77 points. My non-registered portfolio closed at $110,329.85, my TFSA portfolio at $102,552.56 and my RRSP portfolio - stocks only - at $53,060.50.
This was certainly fun, but it didn't go quite smoothly as you could expect. As announced previously, back on December 31, I had invested in The Ether Fund (QETH.U) inside my non-registered portfolio, using my margin account money. I was hoping to sell on the same day, but it didn't happen. The idea of having to hold my The Ether Fund (QETH.U) units before being able to sell them at profit didn't bother me. I had done my searches to give myself a good overview, and I was confident enough to hold on to The Ether Fund (QETH.U) until being able to sell. However, the idea behind this investment was really to trade it, and make a quick hit-and-run hot move.
Cryptocurrency is all new to me, but I can tell that the crypto world is a volatile one. Bitcoin and Ethereum both currently run in what is their highest value ever. What you need to remember is that both Bitcoin and Ethereum are held by millions of individuals who, just like yourself, are looking to make money. Following great gains like we are facing now for Bitcoin and Ethereum, sooner or later, these cryptos will eventually face some sell major off. That's the main reason why you should only invest the amount you can lose while trading cryptocurrency. That's why I did back on December 31, 2020, I invested in 100 units of The Ether Fund (QETH.U). QETH.U trades on the TSX. For me, The Ether Fund (QETH.U) represented the easiest way to trade more or less directly Ethereum (ETH).
Today's chart for Ethereum (ETH) is looking a bit like this:
At now $1,304.5082 CAD, the crypto-Ethereum (ETH) trades in its highest value ever. From what I can see in its chart, I am pretty sure that its highest value ever for the past 52 weeks was reached a bit earlier, which is now... yesterday (January 3). And of course, I now hope that this will be beneficial for the Ether Fund (QETH.U) later on today at the opening! Ethereum (ETH) is quite fun to watch because it's trading activities NEVER stop. I like to follow Ethereum (ETH) value on Yahoo, right here. I really like that Yahoo page because the ETH value updates by itself, no need to refresh the page, but I admit that I like to refresh the page anyway. Refreshing is something I do most of the time on the TSX page during trading days. Refresh, refresh, refresh. Go, go go!
The stock market opening (9:30 am) represents an important moment for The Ether Fund (QETH.U). Sometimes, when it comes to volatile investment like QETH.U, the opening can represent a good opportunity to sell at profit. Sometimes, opportunities show up quickly. The opening can be a key moment. If the moment is right, you want to be there, in front of your laptop and ready to trade. It is that simple.
In a close future, if my impression of The Ether Fund (QETH.U) remains a good one, I will put on some cash in my TFSA portfolio and trade QETH.U on a small amount, free of tax. I would like that.
I had updated my portfolio earlier and it happens that I closed the year 2020 on a net worth of $259,661.24, just so super close to the 260k! This $259,661.24 marks my highest net worth value EVER. This is quite bizarre knowing that I had reached my highest value ever during this COVID pandemic. Despite it all, the TSX remains super strong. Usually speaking, following big gains on the stock market comes shortly after lower days. A correction could happen, and it will happen, but one thing for sure, when it will happen, it's not going to be fun, especially now that I am on my highest value ever. I am, however, optimist, I am under the impression that we will continue to surf on TSX in good shape for the months to come. The vaccine needs to be working. I wasn't able to celebrate my 40th birthday properly, and either my dad 70th, which suck to the highest.
Have you noticed anything a new in my latest portfolio update? I have some cash (but unfortunately my margin debt had grown a bit, I am now at $50,731.14! And are you noticing any newcomer in my non-registered portfolio section? :-)
Following my finding of Bitcoin Fund The Class A units (QBTC), The Bitcoin Fund (QBTC.U) and The Ether Fund (QETH.U), I couldn't resist the temptation. I wanted to place one last investment to close this 2020 chitty year on a high note. I have to admit, I wanted to do what I personally like to name as a quick hit-and-run sassy move on The Ether Fund (QETH.U). By this, I mean that I wanted to buy some QETH.U units, and if possible, sell of them on the same day. I do this sort of trading once in a while, but not really often. I am pretty sure that it might be pretty hard for a day trader to perform their art over the TSX. Since our TSX is so strong and is, what I consider as being the best stock market on Earth, knowing that, the conditions are not optimal to find stocks that will register quick gains in one day. But when I found Bitcoin Fund The Class A units (QBTC), The Bitcoin Fund (QBTC.U) and The Ether Fund (QETH.U), I taught: DAY TRADING TIME!!! Just to spice up things a bit. Because in time of a pandemic, you get your excitement on your own, and by any means.
Such investment moves are riskier, of course, so my advice would be to play only the amount you feel comfortable to lose, just in case... Personally, when it comes to The Ether Fund (QETH.U), yes, my idea was to cash - eventually - any future capital gains, but I don't mind if some time pass by before the happy moment actually happens. When I bought my The Ether Fund (QETH.U) shares, something strange happens. I don't know if it's also the case with Bitcoin Fund The Class A units (QBTC) and The Bitcoin Fund (QBTC.U), but with The Ether Fund (QETH.U), it's like the weirdest thing ever. QETH.U trades on the TSX, but it's trading price is in US dollars. Basically, we have a Canadian asset that is trading in US dollars on my precious TSX! This is quite scandalous for me. But I proceed with the buy order anyway.
In the past few days Ethereum (ETH) had been in good vibes. Just a few hours ago, ETH reached $1,0001.54. Currently, at now 10:08 pm Eastern Time, ETH is at $990.46. Ethereum (ETH) highest value for the past 52 weeks was of $1,001.60. The fact that we are currently - at 10:08 pm - closed to those 52-week high is a good sign. It's a sign of stability in the value and I like that.
Cold cash: $3,397.87
On the date of December 31, 2020
Margin account: $50,731.14 @ 4%
Annual interest: $2,029.25
**For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.