Canadian Dollars Blog

For what was intended to be a safe and defensive play last summer I purchased some General Electric (GE) stock. It's been a huge underperforming dog the last year. Fortunately I am still optimistic and intend to keep this stock in my core portfolio. I believe that if I maintain a long term horizon, this stock should recover. The question is how long will it take before it returns to > $40 a share. Patiently waiting.

Bought some Telus a few weeks ago at 39.99 a share. It hasn't gone anywhere recently but I intend to hold this until it hits my target. In the short term, even if the stock doesn't go anywhere I will still sleep well knowing that there is a nice dividend being paid. This is part of my core portfolio.

First off I want to say that I've changed my strategy for this website. Because of some new commitments and the fact that there are a wealth of excellent Canadian Financial Blogs out there, I will focus mostly on the trading aspect. Keep in mind that my strategy for long term financial success has not changed. I am still a firm believer of the Core and Satellite philosophy. In my core is a basket of solid high dividend blue chips and index ETFs. In my satellite holdings will be my trades which I intend to post here as they happen. Recent trades I've made include: HOD Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF) I bought last week at 10.97 and sold this week for 12.65 for a nice 15% profit. I'm still bearish on crude oil and will look for re-entry points next week. Hurricane Ike and the unknown damages it will cause may create a temporary problem for oil shorts so that is why I decided to book the profits and sold. After all 15% in one week is not bad right? On Friday I dec