Friday, September 29, 2006

My Portfolio

Today, I withdrew a whole bunch of cash from my Canadian ING account and bought Cameco (TSX: CC0) and Yamana Gold (TSX: YRI) as long term holdings, thus breaking my rule about having 50% of my assets in cash at any given time. This lowers my cash balance to approximately 30% of my net worth. I figured that I'd rather put my money at where my mouth is, instead of collecting the 3% interest that ING Canada pays me for having money in the savings account.

Below are the stocks that I hold. My holdings are extremely undiversified (all in the commodities space). Since I am young, and have a job that pays me a decent amount of money, I figured that the money I have saved up/made from trading probably doesn't mean that much (I'm not planning to buy a house any time soon, especially since they are so expensive in the Seattle area). I'd rather focus all my money in one space and take a risk, especially since I believe so strongly in that space.

Baytex Energty (TSX: BTE.UN) 27.2%
Cameco (TSX: CCO) 23.7%
Mega Uranium (TSX: MGA) 14.8%
Yamana Gold (TSX: YRI) 12.0%
Fording Coal (TSX: FDG.UN) 11.5%
International Uranium Corp (TSX: IUC) 10.8%

I bought Cameco because I truly believe uranium is one of the safest things you can hold, with Cameco being the safest because they are the largest, and most diversified uranium company. I don't think uranium has gone down EVER in the last 5 years. If you buy gold or oil, they go down from time to time, but uranium NEVER goes down. With the pricing power of uranium still extremely strong (the cost of uranium is negligible when runing a nuclear power plant), the uranium price can probably surpass $200 in the coming years (currently it's 54). Since Cameco has basically stayed flat the whole year, I don't mind buying and holding, even though it may not move for a while.

I have to admit that commodities are making me nervous. If the economy slows down, demand for commodities will fall a lot and hurt their pricing power.


Blogger Greg said...

Great blog
If you have a few minutes come and visit my blog.
It shows you a new forex trading system

6:29 PM  
Blogger philingals5961600625 said...

hey, I just got a free $500.00 Gift Card. you can redeem yours at Abercrombie & Fitch All you have to do to get yours is Click Here to get a $500 free gift card for your backtoschool wardrobe

12:15 PM  
Blogger sink sink socks said...

Twenty-five suppers at a quarter makessix an' a quarter, an' which them added to the twenty an' a quartermakes them twenty-six an' a half ingrid steeger nackt bilder.

10:42 AM  
Anonymous Anonymous said...

Buying Cameco now?? Did you not hear that Cigar Lake flooded? Of course they say it will only be a one year delay. However, I know for a fact and knowing people there, they will have to announce in the near future a multi-year delay and probably downgrade if not sterilize several billion dollars in reserves. Plus it will cost them at least $200-$500 Million or more to get out of this mess. Their press releases don't say much at the moment but it is only a matter of time... The good news is this will drive U prices and every other small stock will benefit.

12:17 AM  
Anonymous Market Rider said...

notice the date of my post. It was way before Cameco announced the Cigar lake flooding. Having said that, I agree that the smaller caps are the way to go (that's why I have IUC and MGA). I am looking at adding more smaller caps, and will trim back my Cameco.

11:27 AM  
Anonymous Anonymous said...

toolbox fucking machine toolbox fucking machine
fuck machine fuck machine
the love machine the love machine
fucking machine fucking machine
jesse jane love doll jesse jane love doll
latex vacuum bed latex vacuum bed
cyberskin ass cyberskin ass
cyberskin pussy cyberskin pussy
ipod vibrator ipod vibrator
sex toys Vibrators sex toys vibrators

3:18 PM  
Anonymous Anonymous said...

wow! thanks for another great blog post!Customized application development

5:29 AM  
Anonymous Anonymous said...


2:27 AM  
Anonymous stock tips said...

: A slowdown in global growth and sluggish demand from top consumer China are set to dampen copper prices this year, with a sharp fall in the second quarter prompting a downward revision to forecasts for the year.
Commodity Tips

2:01 AM  
Anonymous Moneycontrol said...

The Sensex closed at 21164.52, up 130.55 points over its previous close, and just 54 points away from making a new peak. The Nifty gained 47.45 points to close at 6299.55.


12:04 AM  

Outstanding blog great.

10:09 PM  
Blogger Simran Shah said...

Great Content That You Have Shared... Really Very Nice...
Stock Tips

2:15 AM  
Blogger Thamarai Ravi said...

great technology found via your article and it's more interest to do first sight visitors also. keep do more interested thing via design article.
Seo Company in India

5:23 AM  
Blogger Sathya G said...

Hi to every one, the contents present at this site are
actually remarkable for people experience, well, keep up the good work fellows.
SEO Company in Chennai

10:13 PM  
Blogger amala amala said...

Thank you for sharing such a nice and interesting blog with us. I have seen that all will say the same thing repeatedly. But in your blog, I had a chance to get some useful and unique information. I would like to suggest your blog in my dude circle.
Jobs in Chennai
Jobs in Bangalore
Jobs in Delhi
Jobs in Hyderabad
Jobs in Kolkata
Jobs in Mumbai
Jobs in Noida
Jobs in Pune

9:47 PM  
Blogger Sindhuja Ravi said...

Thank you for taking the time to provide us with your valuable information. We strive to provide our candidates with excellent care and we take your comments to heart.As always, we appreciate your confidence and trust in us
Digital Marketing Company in India

10:15 PM  
Blogger Philips Huges said...

Its very useful to me. Wonderful blog.. Thanks for sharing informative Post.

Installment loans
Payday loans
Title loans

6:04 AM  
Anonymous Aashi said...

It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I want to suggest you few interesting things or suggestions.You can write next articles referring to this article. I desire to read even more things about it..
AWS Training in Chennai
Hadoop Training in Chennai
Software Testing Training in Chennai

11:35 PM  
Blogger Karthi Keyan said...

Interesting blog post.This blog shows that you have a great future as a content writer.waiting for more updates...

Digital Marketing Company in India

Digital Marketing Services in India

Digital Marketing Agency in India

Digital Marketing Companies in India

Digital Marketing Companies India

Digital Marketing Agency India

9:42 PM  
Blogger lakshmi deepa said...

Hey nice info you posted.
I just browsing through some blogs and came across yours!
Excellent blog, good to see someone actually uses em for quality posts.
Your site kept me on for a few minutes unlike the rest :)
Keep up the good work!
SAP HR Training in Chennai
SAP ABAP Training in Chennai
SAP FICO Training in Chennai

11:11 PM  
Blogger sivaranjani E said...

These ways are very simple and very much useful, as a beginner level these helped me a lot thanks fore sharing these kinds of useful and knowledgeable information.

AWS Training in Chennai

4:44 AM  
Blogger Nishabablu said...

i really like this blog.And i got more information's from this blog.thanks for sharing!!!!
Best Interior Designers in Chennai
Interior Designers in Chennai
Home Interiors in Chennai

3:30 AM  
Blogger kayal M said...

This information is impressive; I am inspired with your post writing style & how continuously you describe this topic.

Eczema Treatment
Psoriasis Oil
Hyperpigmentation Treatment
Herbal Tonic

11:25 PM  
Blogger Domnic said...

Anybody want to know How to trace the mobile with location and get more details for tracking.Read this blog...

Mobile Number Tracker | Phone Number Tracker With Location | Mobile Location Tracker | How To Track A Phone Number | Phone Number Tracker | Phone Number Search

6:16 AM  
Blogger Ancy merina said...

This comment has been removed by the author.

1:35 AM  
Anonymous Amelia said...

I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.

Best Architects in Chennai
Turnkey Interior Contractors in Chennai
Interior Contractors in Chennai
Architecture Firms in Chennai

2:49 AM  
Anonymous Nicole said...

wow really superb you had posted one nice information through this. Definitely it will be useful for many people. So please keep update like this.

Manufacturing ERP
Human Resources Management Software
CCTV Camera Dealers in Chennai

6:45 AM  
Blogger Fakhra banu said...

Its really an Excellent post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog. Thanks for sharing....

Solar Rooftop
Solar Water Heater
Solar Panel
Solar Module
Energy Efficient
Solar Power
Power Plant
Solar Training
Solar Pump

11:01 PM  
Blogger muthu said...

All the latest updates from the Python Automationminds team. Python Automationminds lets you program in Python, in your browser. No need to install any software, just start coding straight away. There's a fully-functional web-based console and a programmer's text-editor
Phyton training in Chennai

6:16 AM  
Blogger مروة محمد said...

شركة تسليك مجارى بالدمام

2:19 AM  
Blogger رجب البرنس said...

بسم الله الرحمن الرحيم عميلنا العزيز نحن نقدم افضل خدمات تنظيف المجالس والشقق بافضل انواع التنظيفات المشهود لها عالميا
شركة تنظيف مجالس بالطائف
شركة تنظيف مجالس بجازان
شركة تنظيف مجالس بحائل
ونحن فى خماتكم 24 ساعة على مدار الشهر

8:09 AM  

Post a Comment

<< Home