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TimmiesRegular
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Business owner for over 30 years now working less and investing more. Our company has grown from $1M in sales to $25M in that time. I have recently sold my shares as part of an exit strategy. My philosophy for success in life and business is based on creativity. As Albert Einstein once said,... More
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Investing to Retire
  • Preparing For The Upcoming Crash! 2 comments
    Apr 13, 2014 9:07 PM | about stocks: MET, JPM, DUNDF, CVE, QCOM, AGU, TOT, BNS

    It seems appropriate to post my thoughts before some important earnings are announced. As I read many crash related articles here on SA, I get concerned that maybe I need to review my portfolio and possibly build up some cash to pick up some bargains.

    My earlier portfolio changes are already posted here, but I have to say that I'm most concerned with the purchases that I have made since January. So for the record, as of April 13th, here's how I've done:

    AGU

    Agrium

    +4.91

    MET

    Metlife

    -10.4%

    JPM

    JP Morgan

    -8.7%

    DI.UN

    Dundee Intl.

    +3.09

    TOT

    Total SA

    +2.04%

    BNS

    Scotiabank

    -1%

    QCOM

    Qualcomm

    +3.3%

    CVE

    Cenovus

    +6%

    Of course, it depends on which holdings are larger, but in this case they are all fairly significant and equally split. Overall, I'm down a little but so far it's less than 2% of my whole portfolio.

    I did sell out of a couple of holding Corus (CJR.B) and Crescent Point (NYSE:CPG). You can see that I still like oil.

    In addition to these major changes above, I picked up small amounts of these speculative plays. The total of these 3 stocks is less than any one of the above holdings, but I'm beginning to realize that there are many incorrectly priced stocks out there and I just have to understand their value. It helps that I follow author Value Digger and he points them out to me, but in the end, it's my decision which ones I pick and how much I'm willing to risk.

    HAWK

    Hawk Petroleum

    +17.64%

    ZAR

    Zargon

    +2.94%

    QXP

    Quattro

    +10.25%

    Ultimately, I'm trying to filter out the noise and understand what risk I'm taking by leaving myself nearly 100% in the market. I have a very long term investing horizon and I'm not concerned about a 10 - 20% or even 30% drop. I survived the last crash where my holdings virtually evaporated, but they have all come back and then some. All the stocks that I acquired in the past 5 years have done very well, but then I suppose almost everyone did.

    Stocks: MET, JPM, DUNDF, CVE, QCOM, AGU, TOT, BNS
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Comments (2)
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  • Anyoption
    , contributor
    Comments (223) | Send Message
     
    Sad to see you got hit by JPMorgan. But the good news is that Citigroup beat analyst's expectations, which makes me a feel a little better about things
    14 Apr, 03:47 PM Reply Like
  • TimmiesRegular
    , contributor
    Comments (860) | Send Message
     
    Author’s reply » I'm just trying to decide if I should average down or just hold on for now. Down a bit more today. Thanks for commenting.
    14 Apr, 04:20 PM Reply Like
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