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good call, SPY weekly puts woulda done some damage today... |
URRE, CCO, NZ, YNG, SU, AA, FAZ, CYNO... Yes, that's right, it's the poorest performing portfolio of 2012, courtesy of Jasonturbo ;) Edit: Wow lol 7,686 shares of YNG traded today, at an avg price of say .26/share, thats a whopping 1998$ traded today lol. Not my favorite thing to see.. but it beats a sell-off any day of the week. |
Oh man... been following SU and just shaking my head. There were zero YNG shares traded for so long this am I thought it was halted lol |
I've been looking into buying a bunch of preferred shares of CIBC lately for long term/retirement purposes in my RRSP portfolio.. looks like a good 6% annual return. I looked up the pro's (relatively high return) and cons (low volume trading, low/no potential for major fluctuations etc.) of preferred shares.. just wondering if anyone else has any other insight into these types of investments? .. I read that it also fluctuates in the same way bond prices do .. but I'm not too sure how that would happen, or even IF that would happen. |
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i assume they are purchased through one's regular trading account (RRSP, TFSA, margin account), but what about the low, low volume, how will they be filled (or are they not fully subscribed and the banks still hold them for purchase?) but, with any fixed income security, i.e. a 6% yield, if interest rates go up, your real return decreases, thus, your value decreases. i would have to look at it more, but if you hold to maturity (if they had a buyback date) it wouldn't matter (assuming there is a buy back date & price - as i say, i haven't looked into the details much). you're right, though, a nice chunk of your portfolio should be a nice safe, pay to wait instrument, and i think there are few finer than a 6% Cdn bank preferred! |
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TD.PR.M, TD.PR.N, TD.PR.O... http://www.td.com/investor-relations.../preferred.jsp Take for instance the "O" portfolio, this is TD's most basic perferred share type and is based around financial performance of the bank itself. Target dividend yield is 4.7%, but you can likely expect a slight better return than that, expect to see 5%+. Volatility wise, in the last 52 weeks has been roughly 10%, somewhere between a low of 24.xx and a high of 26.xx. Not bad when you consider the world was going to end last October lol. Daily volume on this stock is somewhere in the neighborhood of say 50k shares/day. So unless you have 1.3M worth of prefs. you likely do not need to worry about the low volume traded any given day. Other prefs. offered by TD will be based off of things like commodity prices (They offer two portfolios built on precious metals), indices, or specific sectors. The reason these are less volatile is strictly due to the high dividend rate. Now, getting away from big banks, there are corporations and other funds that offer prefs. some with fixed prices and dividend rates, such as DFN with it's roughly 10% dividend yeild as a common share holder, or 3.75% (I think) as a preferred share holder.. the common share holders assume all the risk for a greater return, the prefs. are subject to a much lower yield, but have the advantage of a fixed share price and low risk. I would say that picking up prefs. is probably a wise thing for anyone to do who wants some diversity. I am not a prefs. stock guru, there is likely fixed price options out there from major banks, and the issuing authority typically always has additional stock certificates they can issue. |
I would suggest you go to this website to read up on preferred shares: PrefBlog It has a lot of information on what factors you need to know before you choose preferred shares. Personally, I would just buy an etf to prevent or reduce the risk of redemption of preferred shares (eg. stock redeemed on preset date at 25.00, and you bought for 26 thinking you could collect the dividend indefinitely). An alternative is to have an account with one of the big 5 banks as they occasionally have new issues of preferred shares as they tend to give you some capital gains on top of getting the actual issue rate. If you were to buy a preferred share, I wouldn't look at anything rated below pfd-2 for your portfolio as they would be below investment grade. My current pfd holdings include GWO-P and FBS-C (tickers on google finance), as I got them through TD waterhouse at the issue price. |
If my puts don't do work tomorrow I'm throwing my monitor out of my window |
Great info on the prefs, thanks |
Hey, since dividends are being discussed, does anyone have anything negative to say about Chorus Aviation (Jazz Air)? The dividend is not preferred or guaranteed, but it's 20% right now (I liked it better at 50% when I first bought some) . I am so tempted to go BIG into this and basically get a second salary in dividends. It seems like a decent bet for dividends plus capital gains, although going in all the way is probably a risky move. |
revenge trade feels so good +50%... :fuckyea: |
Not sure if anyone caught this gem today... Yukon-Nevada Gold Corp. - News Releases - Yukon-Nevada Gold Corp. Announces $7 Million Private Placement - Mon May 14, 2012 Spoiler! Nothing like shareholder dillution... Lots of red again today... Options market is starting to look as safe as the bond market. Edit: QE3 already!!! FUUUUUCK!!!! |
fawk. Was just going to post about YNG. Nearing 52wk low. |
MUX at 2.79. BUY JASON BUY!!!! lol |
GRPN...what a squeeze going into earnings and some more after earnings reported. |
market so red today, all my biotechs on fire... killed it today |
How much lower can the market go, thats the question. An interesting side note for YNG, if an institution is willing to pick up 7M worth of common stock at .23 per share.. that to me indicates that institutions out there see value in YNG... you have to know as the interested company that if the stock is trading at .27 and news come out about dillution it's quite possibly going to drop to the price you are purchasing the shares for anyway.. so why do it? Another interesting point is that even though they have lined up the private placement, it would seem to me that they have not yet actually initiated it. Meh... we'll see what happens I guess... this is probably the worst day for commodities since 2008 that I can remember. |
With the market down across the board, any buying opportunity? I am thinking about going in URRE again. Maybe grab 30K@.7x |
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With commodities as soft as they are right now and URRE likely having to seek some form of private placement well before they resume production, you could be looking at a lengthy hold before you are able to sell at your desired price. Just sayin ;) URRE Is a risky play, they are 100% uranium, have zero cash flow, and are looking into Q2 2013 to resume production... Possibly later. Having said that, huge potential upside!!! |
NZ.V: Summary for NEW ZEALAND ENERGY CORP COM NPV- Yahoo! Canada Finance V.NZ one year target 22.25$??? Lol |
Sooo it's pretty quiet in here... Sold the FAZ @ 25.25 just before close, was nice to make some money for a change lol.. |
think most people are sitting on the sidelines... or scared to look at their portfolios |
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Sold off my portfolio last month except YNG. Hurts to watch it .. but tempted to buy more since it's so low. Bought and sold some FAZ as well. Really hard to get a read on the market right now. So much negative news. Buy when there is blood in the streets... even if the blood is your own |
Just did the math, I'm 20000$ down over the last 2 weeks. But hey... at least I'm not 30000$ down :cool: |
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