As of March 31 the TSX was up 2.48% for the year. My portfolio value was up 3.34%. What I like is that I did nothing. Well almost nothing. The only change I made in the quarter was to re-balance the one mutual fund account 50/50 between the Resource and Endeavour Funds in early January. This worked out well as the change involved transferring to the Endeavour Fund which out performed the Resource Fund for the quarter. Isn't is great when a plan comes together? With a whole lot of eggs in two baskets, I would like to diversify this account by adding one more fund but I just can't seem to find a fund that has been performing like these two since the market bottomed in March of last year.
I have great hopes for the Resource Fund for April. With the recent spike in oil price and gold holding well over $1,100.00, this fund should do well. It's up 2.88% after three trading days, handily beating the Endeavour Fund.
April started off very well. Three trading days...new highs for the year for the past two days...my portfolio that is, despite a downward tick for the TSX yesterday.
My April Fool's Day Cenovus (CVE) trade still bites. The best I can say about that is the money I got for the shares hasn't gone down...in fact, I guess I could say that it's gone up as the Loonie touched par with the Greenback yesterday before dropping a tick. Now, there's a spin.
Happy Investing!
No comments:
Post a Comment