Starting Speculative Portfolio
On my latest Updates post I talked about some more speculative investments that I have been making and will be making in the future. I just wanted to provide a little update regarding that.
Soon there will be a page called Speculative Portfolio keeping track of all of this under the Scott tab above. To get ready for that I have now removed all none dividend paying investments from my main Portfolio page. This includes Berkshire-Hathaway. Essentially any none dividend payers I’m classifying as speculative and/or growth.
This portfolio will be a relatively small portion of my total investments, as it should be given the much more risky nature of this kind of investing. Why do it then? Well, these also have the potential to become life-changing.
As an example, take First Mining Finance, traded on the pink sheets as FFMGF and also under the TSX Venture, as FF.V. It is up 150% right now since my two investments in it on 9/2015 and 3/2016. At one point I was up over 300%. Currently on a $2865 investment, I’m up $4260. In less than a year FFMGF is now my second largest profit investment outside of Apple. At one point this was up $8000!
The goal is to find more of these. The winners will hopefully cancel out the losers. I have 35% stop losses on the majority of these in case they move against me.
The speculative portfolio also includes foreign currency (Canadian dollars so far in a different mining stock) and will include direct investment into other foreign exchanges on Schwab’s Global Investing account. I also have a small position in Bitcoin (1.28759409 to be exact), worth about $820 right now (at $613/BTC). My cost basis in that is around $744.
Options, while they can be used in speculative manner, will be catalogued separately under the Scott’s Options page. I mostly use these to sell calls and puts to generate income, something I don’t consider speculative in nature.
Here’s my current speculative investments and current market value:
|Company||Sector||Cost Basis||USD Market Value (as of 9/9/2016)|
|First Mining Finance||Materials||$2864.94||$7131.84|
|Radware LTD||Information Technology||$1184.94||$1074.40|
|Uranium Energy Corporation||Energy||$369.67||$177.02|
|Brazil Resources Inc||Materials||$2468.95||$3953.60|
|Blackbird Energy Inc (traded in CAN$)||Energy||$2881.02||$3020.40|