This month was definitely not what I had hoped for. I essentially started Genesis at the very top of a market… within days of starting the mutual fund the entire sub-prime lending fiasco hit and the market tanked over 10%+. Although the markets have recovered a bit since the fiasco hit, my mutual […]
2 comments August 31st, 2007
I’ve done alright for My Hedge Fund after its first month, considering I started it during this really bad market turmoil.
My holdings:
2,000 - [TSX: SLW]
14 - 2010/01/16 call on YAHOO! INC at $20.00
1 - 2010/01/16 call on GARMIN LTD at $40.00
2 - 2010/01/16 call on WHOLE FOODS MARKET INC at $20.00
20 - 2008/02/16 call on […]
1 comment August 30th, 2007
I just got a letter confirming that both Versacold Income Fund and Van Houtte’s have been bought out. This is a bitter sweet moment for me. During the last several years I’ve had the privilege of investing a low six figure sum for a retired relative. At the time I bought an […]
Add comment August 29th, 2007
This month there were some great Festival of Stocks published.
Festival of Stocks #48 was published by Investment Quest.
Festival of Stocks #49 was published by My Wealth Builder.
Festival of Stocks #50 was published by Fully Stocked.
Festival of Stocks #51 was published by Dividends Matter.
1 comment August 27th, 2007
Just yesterday I spoke about an opportunity in Adriana Resources [TSX Venture: ADI]. The stock closed yesterday at $0.80. Today? $1.10! That is a 27.27% rise in one day. Not bad! At $1.10, the stock price is back up to the range where I had been purchasing many months […]
Add comment August 23rd, 2007
I wrote an article about Adriana Resources about a month ago where I praised the management team and talked about how this company has some great projects on the go. Since that time, as you well know, the markets have been dropping like a hot potato. Some of the mining and exploration companies […]
2 comments August 22nd, 2007
A reader, Cheap Canuck, made an excellent comment regarding Invest In Finite Resources. I always love a good comment with lots of thought. I hope other readers with thoughts and opinions voice them. This just goes to show that there is much to be learned from each other and the ability to converse […]
1 comment August 21st, 2007
Unless you’ve been hiding under a rock for the last two weeks, you know how choppy the markets have been with all the sub prime lending news. With the recent pull back of over 10% in the stock markets, now might be a great time to find some higher yielding dividend plays.
Let’s See Some […]
Add comment August 21st, 2007
Finite resources, whether it is a precious metal or a rare human skill or product, can make some of the best investments. Our currency system isn’t perfect. We’ve basically created a system whereby the government can print an infinite number of dollars to purchase finite resources. Eventually people catch on and the […]
4 comments August 20th, 2007
After trying for more than a week to purchase the desired amount of stock and options for My Hedge Fund, I’ve decided to restart the competition in order to make a crucial change. I’ve found that $1,000,000 CND and $1,000,000 USD is too difficult to easily (and quickly) manage with Investopedia. There are […]
Add comment August 20th, 2007
