Ho-hum, 2012 was pretty much a nothing year. The TSX struggled to a gain of 4% for the year. The DOW fared better at 7.26% and the broader US market did even better with a gain of 13.41% for the S&P. It seems that our commodity heavy TSX just ain't going to break loose until oil goes over $100 and gold gets going again.
Regular readers know that I'm pretty much all Canadian all the time so it stands that I didn't do all that well for the year. I was up 7.89%. As I've said before, because of my high Canadian content I'm always happy just to beat the TSX. Even though the US markets seem so much stronger I expect that I'll stay the course for the foreseeable future. Just can't convince myself that the US is going to recover from the current debt and deficit crisis anytime soon. This despite the fact that they did a bungee jump over the fiscal cliff. Over the cliff on New Year's Eve only to bounce back on January 1 with passage of a half way piece of legislation to stave off huge tax increases for the masses.
I did a bit better with my trading account for the year with a gain of 16.74%. Held the three banks, BMO, RBC & TD, for the whole year. They did well as always. Made only five trades in all of 2012. Sold a couple in January then bought and sold Apple (AAPL) and then bought the Energy ETF (XEG). Other than the banks, XEG and a few penny stocks, that I don't talk about, the only other thing in my trading account at the moment is Suncor (SU). When I bought Suncor two years ago this month I had great expectations. Sadly, Suncor sagged along with the whole energy sector.
Regular readers know that I'm pretty much all Canadian all the time so it stands that I didn't do all that well for the year. I was up 7.89%. As I've said before, because of my high Canadian content I'm always happy just to beat the TSX. Even though the US markets seem so much stronger I expect that I'll stay the course for the foreseeable future. Just can't convince myself that the US is going to recover from the current debt and deficit crisis anytime soon. This despite the fact that they did a bungee jump over the fiscal cliff. Over the cliff on New Year's Eve only to bounce back on January 1 with passage of a half way piece of legislation to stave off huge tax increases for the masses.
I did a bit better with my trading account for the year with a gain of 16.74%. Held the three banks, BMO, RBC & TD, for the whole year. They did well as always. Made only five trades in all of 2012. Sold a couple in January then bought and sold Apple (AAPL) and then bought the Energy ETF (XEG). Other than the banks, XEG and a few penny stocks, that I don't talk about, the only other thing in my trading account at the moment is Suncor (SU). When I bought Suncor two years ago this month I had great expectations. Sadly, Suncor sagged along with the whole energy sector.
HAPPY NEW YEAR!
As always, good luck & happy investing!
