I'm on a mission to make a million by investing $25,000 in one company at a time. I'm gonna sell the company every time it logs a 2% gain from the purchase price. It'll take 187 trades to get to a million.
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Sunday, November 28, 2010
Tuesday, November 23, 2010
Trade 2 of 187 on my Quest to Invest to a Million
Doing nothing does not equate to inaction when it comes to do-it-yourself (DIY) investing. It's part of the strategy that leads to the goal. It's not glamourous or exciting, but achieving substantial significant results rarely is.
The TSX was down 1.1% today. Metals and mining lead the decline, followed by energy, industrials and financials. Financials were down 1.3%.
http://ca.finance.yahoo.com/
Financials 5-day performance:

http://tmx.quotemedia.com/marketsca.php?locale=EN
All the Canadian and US central banks are on a down trend.
The only one that might be ready to bounce is the Bank of America (NYSE: BAC) Check it out at:
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK
The TSX was down 1.1% today. Metals and mining lead the decline, followed by energy, industrials and financials. Financials were down 1.3%.
| Symbol | Price | Change | % Change | |
|---|---|---|---|---|
| TD.TO | 73.87 | -0.60 | -0.81% | TORONTO-DOMINION BANK |
| BMO.TO | 59.89 | -0.11 | -0.18% | BANK OF MONTREAL |
| BNS.TO | 53.33 | -0.87 | -1.61% | BANK OF NOVA SCOTIA |
| CM.TO | 77.25 | -1.41 | -1.79% | CANADIAN IMPERIAL BANK OF COMME |
| RY.TO | 54.00 | -0.83 | -1.51% |
Financials 5-day performance:
http://tmx.quotemedia.com/marketsca.php?locale=EN
All the Canadian and US central banks are on a down trend.
The only one that might be ready to bounce is the Bank of America (NYSE: BAC) Check it out at:
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK
Monday, November 22, 2010
Trade 2 of 187 on my Quest to Invest to a Million
The indispensable first step to getting what you want out of life is this: Decide what you want.
I've decided. I want a million dollars. And a million dollars is what I will get.
All 5 big banks closed in the red today. That's not how I'll make a million, but at least I'm facing the facts:)
| Symbol | Price | Change | % Change | |
|---|---|---|---|---|
| BMO.TO | 60.00 | -0.33 | -0.55% | BANK OF MONTREAL |
| CM.TO | 78.66 | -0.39 | -0.49% | CANADIAN IMPERIAL BANK OF COMME |
| RY.TO | 54.83 | -0.49 | -0.89% | ROYAL BANK OF CANADA |
| BNS.TO | 54.20 | -0.45 | -0.82% | BANK OF NOVA SCOTIA |
| TD.TO | 74.47 | -0.34 | -0.45% |
The main watch tomorrow is BNS.TO as we see how the markets react to the purchase of Dundee Wealth, which will serve as the fourth leg to the 4th largest bank in Canada.
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