Ge Rates Flexiblemorgage Trade Szh 1 Flexible Mortgage Trader ZBS

Rates Flexiblemorgage Szh

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I like the stocks which dominate its field, like TMX group(TSE:X) in security exchange, Telus(TSE:T) in telecommunication provider(our company rent a leased line service from rogers, but the physical line actually provided by Telus), etc.  I wanted to add railway stock CNR to our portfolio months ago, but did not do it because of its low dividend yield.  After reading good analysis in “Railyway Battle: CNR vs CP”, I think it’s time to add some shares of CNR.

Filed under trading diary

Gold historical chart

From gold/silver buying suggestion, there are some historical price of gold. 

In above chart, the gold price ran up to its peak during 1970-1980, then stayed flat and slightly down in next 20 years. Also gold price ran up and peaked(yet?) between 2001 –2012. If we think the history can repeat itself, then gold price should stay flat for a little but longer time, like 15-20 years while stock market climbing up as I expected.

Filed under trading diary

TWBR-1: Cannot Afford It–housing

I bought the book The Wealthy Barber Returned this weekend, it’s a wonderful book about personal finance. I read the first book “The wealthy barber” years ago and enjoyed the simple and strong messages it delivered.  I read several pages in the book store and decided to buy one copy(the 20% off discount is another incentive too) .  I  finished half of book and already decided to make to some change to our financial arrangement.

We’re considering upgrade our home to a bigger one. We have a small townhouse which perfectly meet our small-family needs and we enjoyed it.  Recently we’re invited to several parties by our friends who have big and nice houses and gorgeous views. As our current home is a small size and hard to accommodate all friends for same size party, we always hesitated to make similar invitation, it kindly frustrated us. 

We visited several open houses around, the price tag is from $650,000 – $ 820,000. Our current home price is ~$300,000. 

Some calculation put this attempt on hold.  Even for a low end priced($650,000) home which is older and smaller or in a less desired neighborhood, the burden of buying a new home is quite huge.  The monthly increased spending would include following items at least.

• mortgage($350,000, 3%, 25yr):     $1,656
• property tax(~1%):                             $300
• insurance+utility:                               $100
• another car(insurance+gas):           $150 
• new furniture, renovation, etc:          $0

The increase is about $2,200/month, and our current monthly income and expense is about same amount if we do not count the dividend income. The dividend income is mainly used to re-invest in our retirement portfolio, we do not want to move that money to a bigger house yet

We probably renovate our old and tiny townhouse and find some creative way to hold parties.

Filed under Personal Finance Tagged with TWBR

Exited trade re-visited: MCP and RVBD

I exited two positions MCP and RVBD on Apr 4,  today re-checked the charts and confirmed that it’s best to follow the trading plan, especially RVBD case.  If I held on  RVBD position, I would have lost 40% instead of 2%. 

Filed under trading diary

2012.04.18 LTC

After read the article about 3 High-Yield Stocks for the Coming Wave of Retirees, I bought some shares of LTC next day. 

 

I bought LTC at $32.30, initial stop price is $31.30, initial target is $32.80.

As of today(04.27), the stock played out very well in past week, initial stop price moved up to $32.30. 

Filed under Swing Trade

Stock account margin and Smith Manoeuvre

I have been interested in Smith Manoeuvre strategy for a long time, but never tried to implement it. It basically use home equity to borrow money for investment, and claim interest cost as tax deduction for investment income.

During this fax filing period, I learned something new, that interest paid in stock broker account can also fall into this category.

ITA S. 20(1)(c)

You can deduct interest and carrying charges incurred to earn income from securities, bonds and other investments, if they are earning investment income.

As we still have some mortgage balance and the Home Equity Line of Credit (HELOC) interest rate is much higher than the rate in our brokerage account, we will convert our mortgage to brokerage account margin balance. It can achieve two goals: a) lower interest rate for ~1%, b) the interest charge is tax deductible.  There will be some mortgage prepayment penalty, but it’s small (<$100) for our balance.  I am regret that I did not figure this out 3 years ago when I first apply for the mortgage.

If this step goes well, we will gradually increase our margin balance to benefit from this tax saving strategy.  Meanwhile HELOC will be applied and act as our emergency fund.

Filed under Personal Finance

Holding Stock2012.04.05-14:31

SYMB	DATE	CLOSE	RISK	HH	LL	SIGNAL	Entry	Stop	Chart

2012.04.05-14:31

Filed under trading diary

Swing Trade Exit: MCP and RVBD

Today market is breaking down. I exited two swing trade position.

MCP: enter: 29.77, exit 33.87, profit/loss: +4.1 (+13.7%)

RVBD:  enter 28.90, exit 27.7, profit/loss: –1.2(-4.1%).  It’s not a good setup. I should wait up trend to be clear.

 

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