What goes up can also come down. And I have no illusions about this sad fact. Still, being up $3249 means now I have to fall by that amount before I drop into the red. I see this $3249 as a small, but nice, cushion to ease the pain of any coming correction. Unfortunately, such a small amount won't be much of comfort in a true bear market -- one losing 20 percent or more in value.
The big gainers so far today have been:
- Glentel Inc (GLN) - up $1430
- Ag Growth International Inc (AFN) - up $1367
- Whitecap Resources Inc (WCP) - up $1120 [I actually own this stock.]
- Rogers Sugar Inc (RSI) - up $1112
- Teck Resources Ltd (TCK.B)- up $750
- Even Norbord Inc (NBD) is up $324 [I actually own this stock.]
The biggest losers so far today are:
- CIBC Monthly Income (CIB512) - down $1190
- iShares International Select Dividend ETF (IDV) - down $822
Norbord continued to climb. I sold. I locked in the profits and put the money in Dream Office REIT. I believe at today's stock prices, D.UN has more potential. If I'm right, there will be time in the coming year to get back into Norbord. I'm guessing it will cut the dividend and this will cause a temporary drop in the stock price.
I find it interesting that I continue to hold my Norbord in my real account. Why? That is a good question. There is a dividend coming in December and I believe it will pay me a very handsome dividend. I also think there might be more upward potential in the stock. I'd like to have the dividend in my pocket before selling on a bump.
I seem to be more optimistic with my real money and more conservative with my imaginary money. I may learn something about myself and about investing from my imaginary portfolio.
And how did I end the day. My imaginary portfolio was up $4953.