|
Introduction: We launched our model portfolio as three separate portfolios in January 2002.
The original three were a small portfolio of $5000, a mid-sized portfolio of
$10,000 and a larger portfolio of $25,000. We started by investing in two stocks
in the first, three stocks in the second and five stocks in the third.
We decided to amalgamate them for convenience into one ten stock portfolio
in November 2002, prorating the first two so each initial stock position was
approximately $5000. That's a $50,000 portfolio with ten stocks. During 2003 we
continued to actively manage our portfolio and ended the year up 35.66% and up
69.28% since inception. You can
find the end results for 2003 as well as all the trades made during the year in our
archived Model Portfolio 2003 Year End Report (linked above). 2004 saw us make
some changes to the way we managed the portfolio and our gains increase to
44.57% for the year. 2005
was a great year for the TSX which climbed 21.91% for the year. Our Model
Portfolio again beat that mark though not as handily as the year before. We were
up 28.28%. 2006 was not as bright as the portfolio only gained 4.09% compared to
the TSX's 14.51%. This was partly due to a change in the taxation laws regarding
income trusts and partly due to changes I made in managing the portfolio. This
led to a revision of the portfolio going into 2007 which is described in the
year end report for 2006.
So 2007 started with a portfolio worth
$163,258.74
and we will continue to chart its progress here week to week throughout the year.
Update: It is the end of the second quarter and
time to update the Rich Get Richer portion of our portfolio. Last quarter we
were still publishing the newsletter and made the change at the issue
immediately following the end of the quarter which was April 13th. But now we
are switching back to the actual quarter end since we are no longer publishing
and the update is being done online. Below is the way the RGR component looked
after the buying and selling was completed.
|
Name |
Symbol |
Date Featured |
Change Q1 + 2 weeks |
Price Now |
# of Shares Before |
# of Shares After |
Value |
% of Portfolio |
|
Dynatec |
DY |
Dec. 20/06 |
77.93% |
$3.79 |
3087 |
3087 |
$11,699.73 |
6.27% |
|
Sino-Forest Corp. |
TRE |
Dec. 18/05 |
76.88% |
$13.85 |
840 |
840 |
$11,634.00 |
6.23% |
|
Hammond Power Systems |
HPS.A |
Jan. 22/07 |
57.29% |
$10.90 |
610 |
750 |
$8175.00 |
4.38% |
|
General Donlee Inc. Fund |
GDI.UN |
Mar. 19/07 |
40.74% |
$9.57 |
479 |
854 |
$8172.78 |
4.38% |
|
ZCL Composites |
ZCL |
June 20/04 |
32.85% |
$13.75 |
1482 |
1482 |
$20,377.50 |
10.91% |
|
Computer Modelling Group |
CMG |
Feb. 19/07 |
31.65% |
$14.60 |
370 |
560 |
$8176.00 |
4.38% |
|
Gildan Activewear |
GIL |
Sept. 18/05 |
30.12% |
$70.90 |
0 |
115 |
$8153.50 |
4.37% |
|
Potash Corporation |
POT |
June 19/05 |
25.07% |
$208.87 |
63 |
63 |
$13,158.81 |
7.05% |
|
Stantec Inc. |
STN |
Apr. 20/01 |
24.55% |
$31.45 |
0 |
260 |
$8177.00 |
4.38% |
|
Trican Well Service |
TCW |
Apr. 18/04 |
22.39% |
$24.87 |
0 |
329 |
$8182.23 |
4.38% |
|
Total Value |
|
|
|
|
|
|
$105,906.55 |
56.73% |
This was amended slightly the following
week as we were unable to buy some of the stocks at the price anticipated as
they gapped. The final tally at the end of Q2 - June 30, 2007 - is shown below.
The stocks that will continue to be held into the next quarter are highlighted
in yellow.
|
Name |
Symbol |
Date Bought |
# of Shares |
Price Then |
Price Now |
Amount Invested |
Current Value |
Change |
% of Portfolio |
|
Computer Modelling Group |
CMG |
Feb. 19/Apr. 16, 2007 |
(370/190)560 |
$13.47 |
$16.75 |
$7,543.31 |
$9,380.00 |
24.35% |
4.84% |
|
Dynatec |
DY |
Jan. 2, 2007 |
3087 |
$2.13 |
$5.12 |
$6,575.31 |
$15,805.44 |
140.38% |
8.15% |
|
General Donlee Income Fund |
GDI.UN |
Mar. 19/Apr. 16, 2007 |
(479/366)845 |
$9.83 |
$11.00 |
$8,305.00 |
$9,295.00 |
11.92% |
4.79% |
|
Gildan Activewear |
GIL |
Apr. 16, 2007 |
230 |
$35.45 |
$36.37 |
$8,153.50 |
$8,365.10 |
2.60% |
4.31% |
|
Hammond Power Solutions |
HPS.A |
Jan. 22/Apr. 16, 2007 |
(610/137)747 |
$8.16 |
$11.59 |
$6,095.52 |
$8,657.73 |
42.03% |
4.46% |
|
Potash Corporation |
POT |
Oct. 2, 2006 |
189 |
$38.67 |
$83.28 |
$7,308.63 |
$15,739.92 |
115.36% |
8.12% |
|
Sino-Forest Corporation |
TRE |
Jan. 2, 2007 |
840 |
$7.83 |
$15.30 |
$6,577.20 |
$12,852.00 |
95.40% |
6.63% |
|
Stantec Inc. |
STN |
Apr. 16, 2007 |
260 |
$31.45 |
$35.20 |
$8,177.00 |
$9,152.00 |
11.92% |
4.72% |
|
Trican Well Service |
TCW |
Apr. 16, 2007 |
329 |
$24.87 |
$21.69 |
$8,182.23 |
$7,136.01 |
-12.79% |
3.68% |
|
ZCL Composites |
ZCL |
Jul. 3, 2006 |
1482 |
$5.00 |
$10.25 |
$7,410.00 |
$15,190.50 |
105.00% |
7.83% |
|
Total RGR Portion |
|
|
|
|
|
$74,327.70 |
$111,573.70 |
50.11% |
57.53% |
As you can see, the RGR portion of the portfolio climbed from $105,906.55 to
$111,573.70 for a gain of 5.35% for the quarter. Overall the entire portfolio
went from $186,694.56 to $194,004.12 for a gain of 3.92%. The RGR portion of the
portfolio outperformed the portfolio as a whole for the quarter.
Of the three stocks being held over to the next quarter, Dynatec has been
taken over by Sherritt International. Dynatec shareholders will receive 0.19
shares of Sherritt International and 0.0635 shares FNX Mining for each share of
Dynatec. Those shares will go into the RGR portion of the portfolio going
forward and both will be added to our Watched List.
Here is the top performing stocks from our Watched List for the quarter and
the new RGR portion of the portfolio after trades.
|
Name |
Symbol |
Date Featured |
Price Then |
Change Q2 |
Price Now |
# of Shares Before |
# of Shares After |
Value |
% of Portfolio |
|
Dynatec |
DY |
Dec. 20/06 |
$2.21 |
53.29% |
$5.12 |
3087 |
0 |
0 |
0.00% |
|
Sherritt International |
S |
Dec. 20/06 |
|
-11.96% |
$14.65 |
0 |
586.53 |
$8,592.66 |
|
|
FNX Mining |
FNX |
Dec. 20/06 |
|
28.14% |
$32.42 |
0 |
196 |
$6,354.32 |
|
|
Parkland Income Fund |
PKI.UN |
Sept. 18/06 |
$10.65 |
39.17% |
$16.12 |
0 |
682 |
$10,993.84 |
39.17% |
|
Research In Motion |
RIM |
Sept. 19/04 |
$94.82 |
36.13% |
$214.40 |
0 |
51 |
$10,934.40 |
36.13% |
|
Potash Corporation |
POT |
June 19/05 |
$39.95 |
35.71% |
$83.28 |
189 |
189 |
$15,739.92 |
35.71% |
|
Aur Resources |
AUR |
Oct. 16/05 |
$8.57 |
30.45% |
$31.70 |
0 |
346 |
$10,968.20 |
30.45% |
|
Inmet Mining |
IMN |
Oct. 16/06 |
$50.85 |
29.76% |
$82.40 |
0 |
133 |
$10,959.20 |
29.76% |
|
Stella-Jones Inc. |
SJ |
Feb. 19/06 |
$15.75 |
26.11% |
$42.50 |
0 |
258 |
$10,965.00 |
26.11% |
|
Computer Modelling Group |
CMG |
Feb. 19/07 |
$12.89 |
25.94% |
$16.75 |
560 |
560 |
$9,380.00 |
25.94% |
|
CCS Income Fund |
CCR.UN |
May 18/03 |
$10.15 |
24.93% |
$45.80 |
0 |
0 |
0 |
0 |
|
Marsulex |
MLX |
May 22/07 |
$15.00 |
22.12% |
$13.25 |
345 |
829 |
$10,984.25 |
22.12% |
|
FirstService Corporation |
FSV |
Feb. 19/06 |
$29.50 |
21.92% |
$38.77 |
0 |
283 |
$10,971.91 |
21.92% |
CCS Income Fund jumped 20.87% Friday as the company announced it
was going to go private, offering $46 a share. While there is speculation the
offer may have to be improved to $52, we are standing aside and not adding it to
the portfolio.
Below is the final position of our portfolio after all trades. It will be
adjusted if purchases cannot be had at the prices indicated. The stocks in bold are ones carried over from last quarter's or earlier Rich Get Richer
Portfolio. $10 broker fees are deducted for all stock trades.
|
Our Model Portfolio as of June 29, 2007: up
18.21% for the year-to-date |
|
Name |
Symbol |
Date Bought |
# of Shares |
Price Then |
Price Now |
Amount Invested |
Current Value |
Change |
% of Portfolio |
|
Computer Modelling Group |
CMG |
Feb. 19/Apr. 16, 2007 |
(370/190)560 |
$13.47 |
$16.75 |
$7,543.31 |
$9,380.00 |
24.35% |
4.86% |
|
Sherritt International |
S |
Jan. 2, 2007 |
586.53 |
$6.45 |
$14.65 |
$3,780.77 |
$8,592.66 |
127.27% |
4.45% |
|
FNX Mining |
FNX |
Jan. 2, 2007 |
196 |
$14.26 |
$32.42 |
$2,794.51 |
$6,354.32 |
127.39% |
3.29% |
|
Aur Resources |
AUR |
July 3/07 |
346 |
$31.70 |
$31.70 |
$10,968.20 |
$10,968.20 |
0.00% |
5.68% |
|
First Service Corp. |
FSV |
July 3/07 |
283 |
$38.77 |
$38.77 |
$10,971.91 |
$10,971.91 |
0.00% |
5.69% |
|
Inmet Mining |
IMN |
July 3/07 |
133 |
$82.40 |
$82.40 |
$10,959.20 |
$10,959.20 |
0.00% |
5.68% |
|
Potash Corporation |
POT |
Oct. 2, 2006 |
189 |
$38.67 |
$83.28 |
$7,308.63 |
$15,739.92 |
115.36% |
8.16% |
|
Marsulex |
MLX |
May 22/July 3/07 |
(345/484)829 |
$13.98 |
$13.25 |
$11,588.01 |
$10,984.25 |
-5.21% |
5.69% |
|
Parkland Income Fund |
PKI.UN |
July 3/07 |
682 |
$16.12 |
$16.12 |
$10,993.84 |
$10,993.84 |
0.00% |
5.70% |
|
Research in Motion |
RIM |
July 3/07 |
51 |
$214.40 |
$214.40 |
$10,934.40 |
$10,934.40 |
0.00% |
5.67% |
|
Stella Jones |
SJ |
July 3/07 |
258 |
$42.50 |
$42.50 |
$10,965.00 |
$10,965.00 |
0.00% |
5.68% |
|
Total RGR Portion |
|
|
|
|
|
$98,807.78 |
$116,843.70 |
18.25% |
60.55% |
|
Amerigo Resources |
ARG |
Apr. 16, 2007 |
1708 |
$3.05 |
$2.78 |
$5,209.40 |
$4,748.24 |
-8.85% |
2.46% |
|
Onex Corporation |
OCX |
May 22, 2007 |
125 |
$41.34 |
$36.80 |
$5,167.50 |
$4,600.00 |
-10.98% |
2.38% |
|
Total New Stocks |
|
|
|
|
|
|
$9,348.24 |
|
4.84% |
|
Total Stocks |
|
|
|
|
|
|
$126,191.94 |
|
65.39% |
|
Sceptre Equity Growth A |
|
Jan. 22, 2007 |
270.404254 |
$110.95 |
$130.90 |
$30,000.00 |
$35,395.92 |
17.99% |
18.34% |
|
Excel India |
|
Jan. 22, 2007 |
433.971271 |
$23.04 |
$23.23 |
$10,000.00 |
$10,081.15 |
0.81% |
5.22% |
|
TDK Resource Fund |
|
Jan. 22, 2007 |
476.775976 |
$20.97 |
$23.87 |
$10,000.00 |
$11,380.64 |
13.81% |
5.90% |
|
Total Mutual Funds |
|
|
|
|
|
$50,000.00 |
$56,857.71 |
13.72% |
29.46% |
|
Cash |
|
|
|
|
|
|
$9,936.01 |
|
5.15% |
|
Portfolio Value |
|
|
|
|
|
|
$192,985.67 |
|
100.00% |
Trading History 2007
| Date |
Transaction |
Stock |
# of Shares |
Price |
Amount |
| Jan. 2, 2007 |
Buy |
RC |
636 |
$4.14 |
$2633.04 |
| Jan. 2, 2007 |
Buy |
TRE |
840 |
$7.83 |
$6577.20 |
| Jan. 2, 2007 |
Buy |
ZCL |
1482 |
$10.35 |
$15,338.70 |
| Jan. 2, 2007 |
Sell |
SJ |
224 |
$34.50 |
$7728.00 |
| Jan. 2, 2007 |
Buy |
DY |
1277 |
$2.13 |
$2720.01 |
| Jan. 2, 2007 |
Buy |
IMN |
105 |
$62.41 |
$6553.05 |
| Jan. 2, 2007 |
Buy |
POT |
8 |
$167.00 |
$1336.00 |
| Jan. 2, 2007 |
Buy |
CTU.A |
110 |
$60.00 |
$6600.00 |
| Jan. 2, 2007 |
Buy |
AUR |
271 |
$24.26 |
$6574.46 |
| Jan. 2, 2007 |
Sell |
RIM |
82 |
$149.00 |
$12,218.00 |
| Jan. 10, 2007 |
Sell |
LGI |
551 |
$15.50 |
$8540.50 |
| Jan. 22, 2006 |
Sell |
FTS |
795 |
$27.35 |
$21,743.25 |
| Jan. 22, 2007 |
Sell |
CSA |
1303 |
$7.11 |
$9264.33 |
| Jan. 22, 2007 |
Buy |
HPS.A |
610 |
$7.49 |
$4568.00 |
| Jan. 22, 2007 |
Buy |
Sceptre Equity
Growth A |
270.404254 |
$110.95 |
$30,000 |
| Jan. 22, 2007 |
Buy |
Excel India Fund |
433.971271 |
$23.04 |
$10,000 |
| Jan. 22, 2007 |
Buy |
TDK Resource Fund |
473.215976 |
$21.47 |
$10,000 |
| Feb. 19, 2007 |
Buy |
CMG |
374 |
$12.70 |
$4749.80 |
| Feb. 19, 2007 |
Buy |
HBM |
198 |
$23.90 |
$4732.20 |
| Mar. 19, 2007 |
Buy |
GDI.UN |
479 |
$9.85 |
$4718.15 |
| Mar. 19, 2007 |
Buy |
GLF.UN |
336 |
$14.02 |
$4710.72 |
| Apr. 16, 2007 |
Sell |
AUR |
271 |
$26.00 |
$7046.00 |
| Apr. 16, 2007 |
Sell |
IMN |
105 |
$64.60 |
$6783.00 |
| Apr. 16, 2007 |
Sell |
CTU.A |
110 |
$61.30 |
$6743.00 |
| Apr. 16, 2007 |
Sell |
RC |
1588 |
$4.45 |
$7066.60 |
| Apr. 16, 2007 |
Sell |
RIM |
63 |
$150.74 |
$9496.62 |
| Apr. 16, 2007 |
Sell |
SJ |
351 |
$34.30 |
$12,039.30 |
| Apr. 16, 2007 |
Buy |
HPS.A |
137 |
$11.15 |
$1527.55 |
| Apr. 16, 2007 |
Buy |
GDI.UN |
366 |
$9.80 |
$3586.80 |
| Apr. 16, 2007 |
Buy |
CMG |
190 |
$14.60 |
$2774.00 |
| Apr. 16, 2007 |
Buy |
GIL |
115 |
$70.90 |
$8153.50 |
| Apr. 16, 2007 |
Buy |
STN |
260 |
$31.45 |
$8177.00 |
| Apr. 16, 2007 |
Buy |
TCW |
329 |
$24.87 |
$8182.23 |
| Apr. 16, 2007 |
Buy |
ARG |
1708 |
$3.05 |
$5,209.40 |
| May 22, 2007 |
Buy |
MLX |
345 |
$15.00 |
$5,175.00 |
| May 22, 2007 |
Buy |
OCX |
125 |
$41.34 |
$5,167.50 |
| July 3/07 |
to |
be |
added |
|
|
Position at End of 2006
|
Our Model Portfolio as of Dec. 29, 2006:
+4.09% for the Year-to-date |
| Stock |
Date bought |
# of Shares |
Price Then |
Price Now |
Value |
% of Portfolio |
Stop |
| Commercial Solutions |
Dec. 18/27, 2006 |
601/702
(1303) |
$6.65/$7.12 |
$7.85 |
$10,228.55 |
6.27% |
$6.25 |
| Dynatec Corporation |
Dec. 18, 2006 |
1810 |
$2.21 |
$2.13 |
$3855.30 |
2.36% |
$2.00 |
| Fortis Inc. |
Oct. 24, 2005/Apr. 17, 2006 |
535/260
(795) |
$23.80/$20.98 |
$29.77 |
$23,667.15 |
14.50% |
$23.88 |
| Logibec Groupe Informatique |
Nov. 20/Dec. 11, 2006 |
248/303
(551) |
$16.25/$16.49 |
$16.55 |
$9119.05 |
5.59% |
$15.50 |
| Potash Corporation |
Nov. 20/27, 2006 |
55 |
$157.41/$164.01 |
$167.00 |
$9185.00 |
5.63% |
$145.00 |
| RDM Corporation |
Dec. 18, 2006 |
952 |
$4.20 |
$4.14 |
$3941.28 |
2.41% |
$3.50 |
| Research in Motion |
Sept. 18/25/Oct. 2, 2006 |
42/51/52
(145) |
$94.76/$96.96/$114.59 |
$149.00 |
$21,605.00 |
13.23% |
$142.68 |
| Stella Jones Inc. |
Oct. 16/30/Nov. 5, 2006 |
165/200/210
(575) |
$24.20/$25.00/$28.50 |
$34.50 |
$19,837.50 |
12.15% |
$27.83 |
| Cash |
|
|
|
|
$61,819.91 |
37.87% |
|
| Total |
|
|
|
|
$163,258.74 |
100.00% |
|
Position at Start of 2006
|