AFTER PARKING MOST OF MY NEST EGG IN VERY CONSERVATIVE INVESTMENT ACCOUNTS THERE WASN'T MUCH TO WRITE ABOUT. TPCI IS BACK WITH SOME THOUGHTS AND IDEAS, OTHER THAN INVESTMENT IDEAS, TO SHARE WITH CANADIAN BOOMERS, RETIREES AND SNOWBIRDS.


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Monday, April 11, 2011

Bloggin' By The Boyne

We've been passing through Carman, Manitoba, each summer weekend for the past seven years, on the way to our weekend place at the lake.  "The Lake", that's what Manitobans call any weekend get-away spot.  It can be a cottage, an RV or campground and it's always called the lake...whether or not there's actually a lake or any other body of water.

It was last August when we made the decision that the time had come get out of The 'Peg and make the move to small town Manitoba.  Over the winter our new bungalow in Carman was built and now, after moving on April 4, I'm sitting in the new den looking out at the Boyne River rushing by.  Even with the water's edge a mere fifty feet from our back door, we're assured that we won't be flooded out as the town is protected by a dike and diversion which were built after three floods in the '70s.  Many others in Southern Manitoba won't be so lucky in the next few weeks as flood forecasters are predicting near record water levels for the Red and Assiniboine rivers and their many tributaries.

With the move, I haven't been paying much attention to the markets.  Many days I had no idea what happened until I settled down to watch the evening news.  Just looking at a chart of the TSX and see that it reached 14,252 on March 4 only to sag to 13,524 on March 16.  After that, it was a fairly steady climb back to the 14,000 level by month end.  On April 5 the TSX reached a multi year high of 14,270 after which it sagged a tad but Friday's close of 14,208 was pretty nice.

My stuff actually peaked the day before the TSX and reached a new high on April 4.  The CHARTS are looking sweet.  Hopefully I'm going to be able to pay a bit more attention to the markets, analyze things and make a few changes.  Right now I'm loving my banks.  What's not to love?  I'm really loving Suncor (SU) which is up over 19% since my January 20 purchase.  I'm thinking it's time to say goodbye to COW, the agricultural ETF, which I've been holding for well over two years.  We'll see what happens in the next while.

As always, Good Luck and Happy Investing! 

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