On May 9, 2016 (21 days ago), I wrote the following here:
Maintaining the same $1,500/month savings rate, if the latest I want my second condo by is next July, I would need to make each of the following annual gains, compounding my savings monthly, to acquire [the] corresponding vehicle in time [too]:
[BMW] M4 Cabriolet: 38% gain…
For the last couple years, I spent my spare time analyzing both fundamentals and technicals of various stocks- from 1-cent penny stocks all the way to big names. Lately I’ve been testing a new strategy, and made some fake portfolios. Here is one I made on May 8, 2016, with this screenshot being taken today (May 28, 2016):
Bloomberg isn’t the best app to use for this, but I read news on it all the time so making watchlists through it is most convenient. I bank and trade through TD Waterhouse, but I can’t stand how it always logs you out and requires you to log back in upon exiting the app.
My new strategy is obviously in its experimental stage at the time of writing. The first stock pick ended up in a loss because I was more loose in my selection criteria for it; next time I will not be so lenient. Like they say, people learn things in life by fucking up.
This stock picking method is also designed for me, the oilfield worker, so at this stage, moving forward the next test is to compare gains from buy and hold versus re-balancing upon every set of days off (I work 2 weeks on, 2 weeks off). Many of these stocks are small caps from the TSX Venture and consequently extremely volatile; the stocks deemed to perform the best may have already changed based on the same fundamentals selection criteria. Entry points are less critical for large caps because they are much less volatile, nevertheless are of paramount importance in an environment of extreme volatility in this case to maximize gains.
I visited Porsche Edmonton earlier this week and learned I require $35,000 cash down to keep my monthly budget consistent with a Base Porsche 911 with about $3000 in options. Suddenly, the BMW M4 Cabriolet goal seems only to be a fallback.
If my new strategies are successful, then perhaps I may still realize my original Alberta objective of Porsche, property, and education by age 23 in time (though that has changed to two properties now), and a bit quicker, and with much larger profits than anticipated. I still have 349 days remaining of Age 23, so let’s see what I can do.