2012 began on a happy note with the TSX up 253 points while the DOW gained 179. My stuff hit an all time high on December 5. By year end it was off a tick that was so small you can't spot it on the graph. The bump up yesterday pushed my stuff to a new higher high. Could this be a sign of what 2012 has in store for us?
Looking back, TPCI did join the passive ranks in 2011. The move of the biggest chunk of my stuff to the Canadian Bond Fund had me on the sidelines watching the markets.
I pretty much left my trading account alone and made only three trades in 2011. Swapped out Crescent Point (CPG) for Suncor (SU) in January and bought Cisco (CSCO:NQ) in February. With Cisco being my only non-Canadian holding in this account I was happy to eke out a 2% gain for the year given the 11.07% drop in the TSX.
Looking ahead, I'm standing pat for now. I'm not going to be tricked by yesterday's great start for the year.
Under the heading "Things I'm Glad I Did" my decision to get out of Research In Motion (RIM) in October of 2010 is looking like one of the best. I sold RIM at $50.02...yesterday $15.71. On the other side of the coin, now that they've cut the price to $199.00 I did order a PlayBook over the holidays. Not sure why, it may end up as a $199.00 toy. If so, I'm hoping for a $199.00 worth of fun. If RIM ever comes out with the promised software update to add email to the PlayBook there'll be no more packing the laptop on vacation.
Looking back, TPCI did join the passive ranks in 2011. The move of the biggest chunk of my stuff to the Canadian Bond Fund had me on the sidelines watching the markets.
I pretty much left my trading account alone and made only three trades in 2011. Swapped out Crescent Point (CPG) for Suncor (SU) in January and bought Cisco (CSCO:NQ) in February. With Cisco being my only non-Canadian holding in this account I was happy to eke out a 2% gain for the year given the 11.07% drop in the TSX.
Looking ahead, I'm standing pat for now. I'm not going to be tricked by yesterday's great start for the year.
Under the heading "Things I'm Glad I Did" my decision to get out of Research In Motion (RIM) in October of 2010 is looking like one of the best. I sold RIM at $50.02...yesterday $15.71. On the other side of the coin, now that they've cut the price to $199.00 I did order a PlayBook over the holidays. Not sure why, it may end up as a $199.00 toy. If so, I'm hoping for a $199.00 worth of fun. If RIM ever comes out with the promised software update to add email to the PlayBook there'll be no more packing the laptop on vacation.
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