|
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. 2007 started with a portfolio worth
$163,258.74
and closed the year over $200,000. We started 2008 with a portfolio of ten
stocks and a small cash position totaling $209,101.72. We have modified our
methodology slightly and watch with interest to see if this improves performance
or not. Update: After losses all year, our
portfolio made a marginal recovery this week.
|
Name |
Symbol
|
Date Bought |
# of Shares |
Price Then |
Price Now |
Amount Invested |
Current Value |
Change |
% of Portfolio |
|
Armtec
Infrastructure Income Fund |
ARF.UN |
Jan. 2, 2008 |
752 |
$24.09 |
$23.56 |
$18,115.68 |
$17,717.12 |
-2.20% |
9.67% |
|
Badger Income Fund |
BAD.UN |
Jan. 2, 2008 |
836 |
$21.68 |
$18.75 |
$18,124.48 |
$15,675.00 |
-13.51% |
8.55% |
|
Bird Construction
Income Fund |
BDT.UN |
Jan. 2, 2008 |
477 |
$38.00 |
$27.71 |
$18,126.00 |
$13,217.67 |
-27.08% |
7.21% |
|
Canadian
Helicopters |
CHL.UN |
Jan. 2, 2008 |
1352 |
$13.41 |
$11.75 |
$18,130.32 |
$15,886.00 |
-12.38% |
8.67% |
|
Gemcom Software
International |
GCM |
Jan. 2, 2008 |
7680 |
$2.36 |
$2.41 |
$18,124.80 |
$18,508.80 |
2.12% |
10.10% |
|
Hammond Power
Systems |
HPS.A |
Oct. 1, 2007/
Jan. 2, 2008 |
1297 |
$14.25 |
$13.80 |
$18,477.06 |
$17,898.60 |
-3.13% |
9.76% |
|
Petrobank Energy &
Resources |
PBG |
Jan. 2, 2008 |
307 |
$58.98 |
$45.00 |
$18,106.86 |
$13,815.00 |
-23.70% |
7.54% |
|
Potash Corporation |
POT |
Oct. 2, 2006/
Jan.
2, 2008 |
299 |
$77.23 |
$133.98 |
$23,092.67 |
$40,060.02 |
73.48% |
21.85% |
|
Ritchie Brothers
Auctioneers |
RBA |
Jan. 2, 2008 |
220 |
$82.40 |
$77.08 |
$18,128.00 |
$16,957.60 |
-6.46% |
9.25% |
|
Softchoice
Corporation |
SO |
Jan. 2, 2008 |
777 |
$23.32 |
$17.36 |
$18,119.64 |
$13,488.72 |
-25.56% |
7.36% |
|
Cash |
|
|
|
|
|
$76.46 |
76.46 |
|
0.04% |
|
Total
|
|
|
|
|
|
$186,545.51 |
$183,300.99 |
-1.74% |
100.00% |
Trading History 2007
| Date |
Transaction |
Stock |
# of Shares |
Price |
Amount |
| Jan. 2, 2008 |
Sell |
HBM |
422 |
$19.50 |
$8229.00 |
| Jan. 2, 2008 |
Sell |
IMN |
124 |
$80.55 |
$9988.20 |
| Jan. 2, 2008 |
Sell |
MDI |
109 |
$62.60 |
$6823.40 |
| Jan. 2, 2008 |
Sell |
RIM |
144 |
$112.56 |
$16,198.64 |
| Jan. 2, 2008 |
Sell |
SLW |
781 |
$16.80 |
$13,120.80 |
| Jan. 2, 2008 |
Sell |
SNC |
244 |
$48.14 |
$11,746.16 |
| Jan. 2, 2008 |
Sell |
TRE |
483 |
$21.44 |
$10,355.52 |
| Jan. 2, 2008 |
Sell |
X |
225 |
$52.80 |
$11,880.00 |
| Jan. 2, 2008 |
Sell |
ZCL |
948 |
$10.80 |
$10,238.40 |
| Jan. 2, 2007 |
Sell |
Sceptre Equity
Growth A |
290.034254 |
$118.84 |
$34,468.09 |
| Jan. 2, 2007 |
Sell |
Excel India Fund |
433.971271 |
$28.76 |
$12,481.01 |
| Jan. 2, 2007 |
Sell |
TDK Resource Fund |
476.775976 |
$20.95 |
$9988.44 |
| Jan. 2, 2008 |
Buy |
POT |
110 |
$143.49 |
$15,783.90 |
| Jan. 2, 2008 |
Buy |
HPS.A |
476 |
$16.05 |
$7659.80 |
| Jan. 2, 2008 |
Buy |
BDT.UN |
477 |
$38.00 |
$18,146.00 |
| Jan. 2, 2008 |
Buy |
PBG |
307 |
$58.98 |
$18,126.86 |
| Jan. 2, 2008 |
Buy |
ARF.UN |
752 |
$24.09 |
$18,135.68 |
| Jan. 2, 2008 |
Buy |
SO |
777 |
$23.32 |
$18,139.64 |
| Jan. 2, 2008 |
Buy |
GCM |
7680 |
$2.36 |
$18,144.80 |
| Jan. 2, 2008 |
Buy |
BAD.UN |
836 |
$21.68 |
$18,144.48 |
| Jan. 2, 2007 |
Buy |
RBA |
220 |
$82.40 |
$18,148.00 |
| Jan. 2, 2007 |
Buy |
CHL.UN |
1352 |
$13.41 |
$18,150.32 |
Position at End of 2007
|
Name |
Symbol |
Date Bought |
# of Shares |
Price Then |
Price Now |
Amount Invested |
Current Value |
Change |
% of Portfolio |
|
Sino-Forest Corporation |
TRE |
Oct. 1, 2007 |
483 |
$22.48 |
$21.44 |
$10,857.84 |
$10,355.52 |
-4.63% |
4.95% |
|
HudBay Minerals |
HBM |
Oct. 1, 2007 |
422 |
$25.75 |
$19.50 |
$10,866.50 |
$8,229.00 |
-24.27% |
3.94% |
|
TSX Group |
X |
Oct. 1, 2007 |
225 |
$48.00 |
$52.80 |
$10,800.00 |
$11,880.00 |
10.00% |
5.68% |
|
SNC Lavalin Group |
SNC |
Oct. 1, 2007 |
244 |
$44.35 |
$48.14 |
$10,821.40 |
$11,746.16 |
8.55% |
5.62% |
|
Hammond Power Systems |
HPS.A |
Oct. 1, 2007 |
821 |
$13.20 |
$16.04 |
$10,837.20 |
$13,168.84 |
21.52% |
6.30% |
|
Inmet Mining |
IMN |
July 3/07 |
124 |
$88.00 |
$80.55 |
$10,912.00 |
$9,988.20 |
-8.47% |
4.78% |
|
Potash Corporation |
POT |
Oct. 2, 2006 |
189 |
$38.67 |
$143.49 |
$7,308.63 |
$27,119.61 |
271.06% |
12.98% |
|
ZCL Composites |
ZCL |
Oct. 1, 2007 |
948 |
$11.43 |
$10.80 |
$10,835.64 |
$10,238.40 |
-5.51% |
4.90% |
|
Silver Wheaton |
SLW |
Oct. 1, 2007 |
781 |
$13.87 |
$16.80 |
$10,832.47 |
$13,120.80 |
21.12% |
6.28% |
|
Research in Motion |
RIM |
July 3/07 |
144 |
$76.14 |
$112.56 |
$10,964.16 |
$16,208.64 |
47.83% |
7.75% |
|
Total RGR Portion |
|
|
|
|
|
$105,035.84 |
$132,055.17 |
25.72% |
63.18% |
|
Other Stocks |
|
|
|
|
|
|
|
|
|
|
Major Drilling International |
MDI |
Oct. 29/07 |
109 |
$59.36 |
$62.60 |
$6,470.24 |
$6,823.40 |
5.46% |
3.26% |
|
Mutual Funds |
|
|
|
|
|
|
|
|
|
|
Sceptre Equity Growth A |
|
Jan. 22, 2007 |
290.034254 |
$103.44 |
$118.84 |
$30,000.00 |
$34,467.67 |
14.89% |
16.49% |
|
Excel India |
|
Jan. 22, 2007 |
433.971271 |
$23.04 |
$28.76 |
$10,000.00 |
$12,481.01 |
24.81% |
5.97% |
|
TDK Resource Fund |
|
Jan. 22, 2007 |
476.775976 |
$20.97 |
$20.95 |
$10,000.00 |
$9,988.46 |
-0.12% |
4.78% |
|
Total Mutual Funds |
|
|
|
|
|
$50,000.00 |
$56,937.14 |
13.87% |
27.24% |
|
Cash |
|
|
|
|
|
|
$13,195.01 |
|
6.31% |
|
Portfolio Value |
|
|
|
|
|
|
$209,010.72 |
|
100.00% |
Position at End of 2006
|
|
| 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
|
Our Model Portfolio as of Dec. 30 2005:
+28.18% for the Year-to-date |
| Stock |
Date bought |
# of Shares |
Price Then |
Price Now |
Value |
% of Portfolio |
| Aur Resources |
Oct. 17, 2005 |
1450 |
$8.57 |
$11.78 |
$17,081.00 |
12.0% |
| Ensign Energy Services |
Nov. 28, 2005 |
165 |
$43.18 |
$46.92 |
$7,741.80 |
5.5% |
| Fortis Inc. |
Oct. 24, 2005 |
535 |
$23.80 |
$24.27 |
$12,984.45 |
9.2% |
| Goldcorp |
Aug. 15/22, 2005 |
390/110 |
$21.83/$21.09 |
$25.90 |
$12,950.00 |
9.1% |
| GSW Inc. |
May
17, 2004 |
275 |
$34.73 |
$111.00 |
$30,525.00 |
21.5% |
| Kingsway Financial |
May
24, 2004 |
625 |
$15.00 |
$23.50 |
$14,687.50 |
10.4% |
| March Networks |
Nov. 21, 2005 |
435 |
$22.59 |
$32.33 |
$14,063.55 |
9.9% |
| SNC Lavalin |
Oct. 17, 2005 |
170 |
$73.48 |
$76.30 |
$12,954.00 |
9.1% |
| Trican Well Service |
Oct. 10, 2005 |
335 |
$41.35 |
$56.00 |
$18,760.00 |
13.2% |
| Cash |
|
|
|
|
$15,081.65 |
|
| Total |
|
|
|
|
$156,845.95 |
|
Position at Start of 2005
|
Our Model Portfolio as of Dec. 31, 2004:
+44.57% for the Year-to-date |
| Stock |
Date bought |
# of Shares |
Price Then |
Price Now |
Value |
| Alimentation Couche-Tard |
Aug. 16, 2004 |
260 |
$27.20 |
$35.50 |
$9230.00 |
| Canada Bread |
July 26, 2004 |
245 |
$28.35 |
$47.00 |
$11,515.00 |
| CCS Income Trust |
May 19, 2003 |
240 |
$20.29 |
$43.93 |
$10,543.20 |
| GSW Inc. |
May
17, 2004 |
275 |
$34.73 |
$45.00 |
$12,375.00 |
| Home Capital Group |
Aug. 9, 2004 |
450 |
$21.49 |
$31.25 |
$14,062.50 |
| Kingsway Financial |
May
24, 2004 |
625 |
$15.00 |
$19.00 |
$11,875.00 |
| Peyto Energy Trust |
March 29, 2004 |
300 |
$30.30 |
$47.83 |
$14,349.00 |
| Reitman's |
Oct. 18, 2004 |
500 |
$20.00 |
$28.60 |
$14,300.00 |
| RONA Inc. |
Sept. 27, 2004 |
280 |
$34.13 |
$40.80 |
$11,424.00 |
| Zargon Energy Trust |
April 19, 2004 |
515 |
$17.70 |
$23.85 |
$12,282.75 |
| Cash |
|
|
|
|
$408.50 |
| Total |
|
|
|
|
$122,364.95 |
Position at Start of 2004
Our Model Portfolio at the End of 2003
was up 35.66% for the Year
and 69.28% Since Inception |
| Stock |
Date bought |
# of Shares |
Price Then |
Price Now |
Value |
|
AlarmForce |
Dec. 15, 2003 |
1975 |
$3.55 |
$3.40 |
$6715.00 |
|
Alimentation
Couche-Tard |
Oct. 27, 2003 |
270 |
$21.60 |
$23.90 |
$6453.00 |
| BMTC Group |
Nov. 24, 2003 |
620 |
$12.875 |
$13.10 |
$8122.00 |
| Calian Technology |
Dec. 15, 2003 |
600 |
$11.68 |
$12.10 |
$7260.00 |
| CCS Income Fund |
May 19, 2003 |
240 |
$20.29 |
$30.50 |
$7320.00 |
| Glendale International |
Aug. 4, 2003 |
725 |
$5.90 |
$7.00 |
$5075.00 |
| Home Capital Group |
Oct. 16, 2002 |
370 |
$13.25 |
$33.25 |
$12,302.50 |
| Parkland Income Fund |
May 19, 2003 |
310 |
$15.62 |
$18.97 |
$5880.70 |
| Peyto Exploration |
July 14, 2003 |
555 |
$17.05 |
$27.25 |
$15,123.75 |
| RONA Inc. |
Nov. 17, 2003 |
325 |
$25.55 |
$31.19 |
$10,136.75 |
| Cash |
|
|
|
|
$250.90 |
| Total |
|
|
|
|
$84,639.60 |
|