Obsession Massage

$18K profit so far

Phil C. McNasty

Go Jays Go
Dec 27, 2010
26,949
5,069
113
Sold just over $2,000 of 3 oil stocks for profit. Might buy again in a few weeks, but I'm worried about a minor dip

 

|2 /-\ | /|/

Well-known member
Mar 5, 2015
6,524
1,147
113
Last edited:

oral.com

Sapere Aude, Carpe Diem
Jul 21, 2004
926
541
93
Toronto
Pretty much, yup.

Whenever I invested long-term in mostly blue chips I always made good money.
And whenever I started speculating on penny stocks or other volatile stocks I mostly lost.
So I stopped doing the latter and just stick with blue chips now.

P.S. I think oil has 1 or 2 more good runs in its tank before the world switches to EV's
 

oral.com

Sapere Aude, Carpe Diem
Jul 21, 2004
926
541
93
Toronto
Pretty much, yup.

Whenever I invested long-term in mostly blue chips I always made good money.
And whenever I started speculating on penny stocks or other volatile stocks I mostly lost.
So I stopped doing the latter and just stick with blue chips now.

P.S. I think oil has 1 or 2 more good runs in its tank before the world switches to EV's
Ummm, oil is in a significant backwardian position because of just this type of magical thinking. The woke need to wake up.
 

Ponderling

Lotsa things to think about
Jul 19, 2021
1,513
1,220
113
Mississauga
The best move for me was sitting pat through the start of COVID, and not executing on trades until June 2020.

Took the cash that had accrued from divvys and reinforced positions in bank stocks that had weakened and loaded up on REITs, who had had the shit kicked out of them.

I have not tallied those moves in detail, other than to say REITS have recovered quite nicely, and the banks are all sitting pretty and have just been allowed to start raising their divvy pay outs, so that bodes well for both amount of dividends and the stock price to generally appreciate.

The second best move was to buy into an actively managed preferred share ETF.
Preffereds I believe are worth the management as the pool in Canada is kinda small and there are likely arbitrage and other situation Joe Q public are not savvy to.

Put 210K in 2018. Spits about $900 per month payment, mix of dividends and return of capital.
The slide in rates since when we got in on this means folks are clamoring for yield wherever it can be found. The holding is now worth 280K, even with the payouts not part of that sum, as not reinvested.

Rates will change, and likely the thing will be back at $210K in the coming decade, erasing and capital gains once the payout ACB is factored in.
In the mean time we will stay with it while payout keeps up. Rate resets in the preferred shares it holds are likely to make it into a bit f a slower horse over time.
 

Phil C. McNasty

Go Jays Go
Dec 27, 2010
26,949
5,069
113
I bought $16K worth of CRO last week. Its already up $5,500.
I've changed my mind on crypto, it looks like its here to stay.
CRO is nice and low right now at $0.36. I predict it will go up to a few dollars in a couple of years from now

 
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