Portfolio Update: June 2010

Here?s the monthly portfolio update.

The TFSA is currently holding the following stocks:

(A Tax Free Savings Account is an account where your capital gains are exempt from taxes)

• TSE:GPX Great Plains Exploration (Oil & Gas)
  o Average Price: 0.50? Value: 5000 x 0.45 = 2250.00$

• TSXV:ATK Atikwa Resources (Oil & Gas)
  o Average Price: 0.08? Value: 10000 @ 0.06 = 600.00$

• TSXV:REL Reliable Energy (Oil)
  o Average Price: 0.347? Value: 8000 @0.295 = 2360.00$

• TSXV:IPT Impact Silver (Silver)
  o Average Price: 1.083? Value: 5000 @ 1.00 = 5000.00$

Market Value: 10210 + 27 in Cash = 10237$

The Non-Registered account is currently holding the following stocks:

• TSE:FVI Fortuna Silver Mines (Silver)
  o Average Price: 2.34? Value: 1000 x 2.09 = 2090.00$
• TSE:EME Emerge Oil and Gas (Oil)
  o Average Price: 3.51? Value: 1000 x 3.14 = 3140.00$
• TSE:SPE Spartan Exploration (Oil & Gas)
  o Average Price: 3.17? Value: 1000 x 2.95 = 2950.00$
• TSE:MEL Midway Energy (Oil & Gas)
  o Average Price: 2.94? Value: 800 x 2.97 = 2376.00$

Market Value: 10556 ? Margin Used: 5297 = NET: 5259$

BTI Portfolio Value: 15496$

YTD Results from January 1 2010

TSX at start: 11866 @June 30: 11294 Change: -5.0%

BTI at start: 12936 @ June 30: 15496 Change: +19.80%

M/M Results from June 1? 2010

TSX at start: 11763 @ June 30: 11294 Change:? -4.15%

BTI at start: 16118 @ June 30: 15496 Change: -4.01%

Monthly Review

Another turbulent month ends. My portfolio seems to have tracked the index last month in terms of losses. No trades were executed in June since I was on vacation. In mid-June markets rallied somewhat and the TSX went briefly above 12000, however I was not aware of what was going on since I did not have internet access. This could have been an opportunity to sell at least 1 or 2 stocks at profit.

The yearly performance is still good compared to the index and now that I am back I am looking forward to continue the fight. The markets are jittery and it seems some people are expecting a double dip. As much as I would not like to see a repeat of May, to be honest I will not mind it too much since my line of credit is ready and I will take advantage of any major price corrections. In the end the markets will have to move up since the economy will improve sooner or later and I have all my time to wait if needed.

How has your portfolio done so far this year?