Comments on: 2007 TSX Performance worse than you think…

By: Preet

Preet — Tue, 08 Jan 2008 02:56:25 +0000

I was thinking about you as my Reuters terminal glowed red enough to give me a (deeper) tan... :)

RIM touched $96.03 at one point, back up to $100 now.

But nice score on BNS! I would add more, but I'm at 5% of total portfolio as is - gotta stick to my investment policy - no exceptions!

By: moneygardener

moneygardener — Tue, 08 Jan 2008 01:22:53 +0000

I doubled my position today at $47.39

By: Preet

Preet — Sat, 05 Jan 2008 06:01:58 +0000

The negative sentiment may continue on to Monday - I think it was Peter Lynch who noted that Mondays tended to have a lot of downward pressure becuase people have the whole weekend to worry. :)

By: FinancialJungle

FinancialJungle — Sat, 05 Jan 2008 05:38:08 +0000

I like to add more to BNS and BAC too! I wished all these deals were available when I first began dividend investing. It isn’t too hard to contruct a diversified 4% to 5% yield portfolio.

By: moneygardener

moneygardener — Sat, 05 Jan 2008 04:31:37 +0000

I held off, we'll see what next week brings...

Bank of America is also tempting me...

By: Preet

Preet — Sat, 05 Jan 2008 03:50:16 +0000

I ended up getting filled at 48.03. I also bought some more RIM at 104.33 today.

By: moneygardener

moneygardener — Sat, 05 Jan 2008 02:12:50 +0000

I’d like to get some more under $48. Let me know what you end up doing…

By: Preet

Preet — Sat, 05 Jan 2008 01:30:00 +0000

Hi FJ – thanks for the additional info, I have added it to the post and included a link to your site.

MG – BNS is trading at 48.07 as I write this (yield of 3.91%). I may add some for clients between 3pm and 4pm depending on what the day’s action bring from this point on since the day has been brutal so far. I’m also fine to wait until Monday too. I’m keeping an eye on volumes of bids to see where the institutions have pegged their orders – in that case I’ll set my bid just a tick higher so the order gets filled first and I have an educated guess from the bid volume as to how low the stock will get to before the pro’s decide to buy and stop the price from falling further.

But even if it kept falling, I’d be happy knowing I was getting almost 4% on my money since the dividend is strong and not going anywhere.

By: moneygardener

moneygardener — Sat, 05 Jan 2008 00:59:32 +0000

I thought you mentioned you were looking at BNS. Have you added some yet, I am starting to get interested in adding more myself.

..MG

By: FinancialJungle

FinancialJungle — Fri, 04 Jan 2008 14:58:24 +0000

TSX's total return is ~9.62%: 7.12% from capital gains and 2.5% from dividend yield. In other words, more than a quarter of the net gain comes from dividends alone.

Finally, I think it's only fair if the analyst removes both the top 3 as well as the bottom 3 stocks to reveal a clearer picture of how the the rest of the index did in 2007.