So seeing that I have accumulated a lot of losses when I first started trading back in April 2009, and then countered those losses with lots of capital gains, some realized and some unrealized, I’ve decided to change up my investment strategy.
Because I am in my 4th year, and have many senior courses; plus my part-time job, I have decided to settle down and simply pick up stocks that give a very nice dividend, instead of capital gains.
As you can see my portfolio on the right side, I have bought and been holding stocks such as KCAP and CWX/UN.TO. These two stocks give out dividends that equate to roughly 12% (KCAP) and 19% (CWX/UN.TO), annually of course, with the DRIP option on both of these stocks.
I am currently going to continue to hold Activision, as I believe that this company will soar with their new games coming out just in time for the holidays. The story is the same for Agrium; this stock did reach $57/share at one point and that is where I should have sold it, but didn’t, but with their efforts of trying to take over CF Industries, I know this stock is one of the better commodity picks.
And one may have noticed: I used to own SDT/UN.TO, but it recently converted to a mutual fund. I, of course, got the better deal, and will continue to hold this in my TFSA trading account.
Just thought I’d throw this update out.
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