Jan 192013

Blackberry maker Research in Motion is doing really well this year :0) The cell phone maker’s stock price has gone up more than 100% since just half a year ago. Many people thought RIM was dead but investors are taking a second look now. As one of Canada’s most iconic tech companies I really hope they can make a come back. We sell a lot of resources in this country but it would be great to improve the number of knowledge jobs as well. RIM plans to release its new product the BlackBerry 10 later this month. Will it be a successful launch or a big flop? Who knows. Disclaimer: I have 50 RIM shares myself.

NHL is back on
After a long lock out, the season finally gets started today. This is great news for sports bars and helps to stimulate the local economy. Go Canucks 😀

Resource Conferences
Gold metal oreCambridge House International will be hosting a number of investment conferences throughout the US and Canada.  Most of their events are free like the one I’m going to in Vancouver tomorrow. Last year more than 500 companies and a number of analysts gathered here to network and share ideas. They have another event held at the Telus Convention Centre in Calgary later this year. If you live in a city where they will come to I recommend going to these conferences. You will learn a lot about investing 😀

Random Useless Fact: You can save money by not buying new calendars every year. For example in 2013 you can re-use calendars from 2002, 1991, 1985, 1974, 1963, or 1957.

Feb 292012

Last year I invested heavily into 2 engineering firms. Most of that money went into SNC-Lavalin (SNC.TO) which is in Canada but with projects all over the world. The other is a large German company called Siemens (SI:NYSE.)  I chose SNC because of it’s strong balance sheet, large market cap (over $5 billion,) and its long track record of being in business for over 100 years. My other choice was Siemens because of its massive sales which resulted in over €6 billion in profit last year, it’s relatively low P/E ratio of 10, and I happen to like using their products. I don’t actually know how they pronounce Siemens in Germany, but it’s probably not the same way I make it sound like in English

Unfortunately earlier this month a couple of SNC executives left the company and then there were news reports about them conducting unethical business practices in Libya. Then yesterday SNC said its net income for 2011 will probably be 18% lower than a previous forecast. Part of this comes from an unexplained $35 million in expenses which they didn’t even know about. So right when they released this news yesterday, in literally a single day, my SNC stocks fell by 20%  ( ゚ Д゚)!!!

Either SNC will continue to spiral down or this minor setback is the perfect opportunity to buy some more. Judging by what those helpful financial analysts are saying, nobody knows yet what’s going to happen. SNC currently has a dividend yield over 2% and I bought it for the long run, so I don’t plan to sell it any time soon. They are 1 of the 10 largest engineering firms in the world and I hope they can make a comeback one day. Siemens on the other hand is doing pretty well, up 4% so far this year.

Today’s Lesson: Even large, blue-chip companies can have dramatic downswings and you can lose 20% of your money in one day. Buy an index fund if you can’t stomach this kind of volatility.


Switching topics now, my recent Stock to Cash giveaway contest ended today. Everyone made a great effort. I’m sure you all had some complicated formulas to calculate your predictions. But in the end there can only be one winner. Matthew came close. Just 28 cents off the mark which puts him in 2nd place. But the winner of the contest is R.


So congratulations Mr/Ms R!!! I have emailed you about how to claim your cash prize of $14.03 CAD. You have until the end of day on March 7th to get back to me. Thanks to everyone who participated. Since only 11 people entered, each person’s chance of winning was actually pretty good, for a giveaway contest. Maybe next time more people will join in.


Hey this is a leap year. They say strange things can happen on February the 29th. We got a few centimeters (1 inch) of snow in Vancouver today which is unusual for late February, but I didn’t see anything else out of the ordinary.

image source: http://megustamemes.tumblr.com/

Feb 242012

I’ve decided to participate in the Yakezie Challenge, which is going to be a great way to network with other like minded folks and grow my blog’s Alexa ranking.Proud Member of Yakezie———————————————–

On another note. I finally had some time to add a blogroll under my “Best Reads” menu so you guys can know what kind of websites I read in my spare time.


On a final note. My RIM stock giveaway contest from earlier this week is now closed to new entries.  Only 11 people entered, but I was expecting more (>_<) Oh well. I suppose this means everyone who participated has a better chance of winning then (^_~) The table below shows RIM’s real time price (minus up to 20 minutes), and how close each entry’s predictions are. As the gap between their predicted price of RIM and the real price gets closer, it will turn greener. The final winner will be decided at the end of the month on the 29th. Good luck everyone..

[iframe https://docs.google.com/spreadsheet/pub?key=0Aog7OusUIUn2dEh2RXZ5bVd1MFNCNmZ3U2x5Q0s3MWc&single=true&gid=0&range=A29%3AC42&output=html 600 300]



Feb 202012

Last week I posted my 100th blog entry. To celebrate this milestone, I’m showing support for all my readers out there by holding a stock giveaway contest. Except, rather than giving away real stocks, I’ll be sending one lucky winner money instead.

I am giving away a RIM share, in the form of cash! Research In Motion is a company well known for creating the Blackberry smart phones but more notoriously, for major management problems last year that devastated their share price. Are their stocks a cell! cell! cell! or does the company just need some time to recharge?  confused  Here’s your chance to be a stock analyst. All you have to do for a chance to win is simply predict the closing price of (RIM.TO) on the last trading session of this month, February 29th 2012.  The closing price is the final price at which a stock is traded before the markets close for the day (4:00PM Eastern.) For convenience, the winner will need to have a Paypal account to collect the prize. You can sign up for free at paypal.com. Contest rules and details below…

How it Works.
The person with the closest estimate to RIM’s actual closing price on Feb 29th will win 1 share of RIM, in the form of cash, equivalent to the closing price. However, if the winner’s prediction is spot on, right down to the cent, then he or she will win 2 shares of RIM, double the amount in cash!
How to enter
Post a comment below with your prediction of what the closing price of RIM will be on Feb 29th. The deadline to get your entry in is 9pm Eastern, (6pm Pacific) on Thursday, Feb 23th. Any entries entered after that time will not count. This leaves RIM with 4 remaining trading days before the final closing time on Feb 29th.
How to win
The person with the most accurate prediction wins. It’s that simple. It doesn’t matter if they are over or under the final closing price target. This is a transparent contest because everyone can see each other’s entries in the comments section below. The winner will be announced shortly after the markets close on Feb 29st. After the announcement, the winner will have one week to contact me to claim their prize. If there is no response, the prize will go to the second most accurate estimate.

I hope the rules are pretty straight forward. This is my first giveaway.  If it turns out to be a fun experience for everyone I will consider doing more giveaways like this in the future (^_^)  How you pick your target price is completely up to you. The deadline to get your entries in is this Thursday evening, so don’t miss out. I’ve temporarily added RIM’s share price to the right sidebar of this page arrow so we can keep an eye on it as we approach the end of the contest.  Both your skills AND your luck will be tested (^_~) Good luck folks!


The fine print:

  • Cash prize will be in CAD
  • Winner must have a working Paypal account as this is the only method of payment
  • In case of a tie, whoever entered first wins
  • Limited one entry per household (multiple entries or spammers will be disqualified)
  • Once you’ve commented with your price prediction, you cannot change your mind
  • You can freely ask questions in the comments section or e-mail them to me
  • If you want to, feel free to explain your prediction in your comment
  • Contest refers to the shares trading on the Toronto Stock Exchange (TSX)
  • Closing Price will be determined by the price listed on Google Finance
  • Closing Price does not mean, or include, After-Hours Price
  • You must use a valid e-mail address when you comment (It will NOT be published)
  • There is a 15-20 min delay on the price of RIM on the right sidebar, as well as on Google Finance.
  • I reserve the right to cancel this contest at any time for any reason
  • I personally hold 50 shares of RIM, but am not otherwise affiliated with RIM or Paypal
  • After all entries have been submitted, a chart comparing how all the entries are tracking may be posted publicly
  • Cheaters will be disqualified