Scatter brained thoughts:
Debated buying calls on AOB and PNSN. Shares still falling and i haven't bought.... yet.
Since last post i have bought small amounts of DRX, PAP.a, VCM, CNJ, KSW-N, and added to PNSN and AKT.a. PNSN earnings going down and doesn't look good right now.
Should of sold ORS long time ago. I have that Canwest sinking feeling again.
Started a Canadian dividend watch list and today looked at Pizza trusts which might be added like PZA.un and BPF.un. Of course these are still trusts and not true dividend payers... yet.
Watched in amusment, interest and curiousity as COCO and other colleges get slammed due to some possible Federal loan changes. Same amusment was also used when watching SPB and
RBA has been added on to watchlist. Unsure of a good entry as of yet.
A quick check a few weeks back i had a 5% loss in my 'managed portfolio' vs indexes of S&P, TSX and DJIA all down about 1.5%. At time i was around 40% cash. Nothing really going right. Best gainer has been STMPs followed by NWF.un and ALC.
Biggest losers are ORS, AG.un and PNSN with the latter gaining steam in the wrong direction! All spec plays that should be treated as such and NOT given large amounts of portfolio %'s.
D
Tuesday, August 17, 2010
I Hate Debt
Well i do some silly things at times.
I focus on many unimportant things, but do so out of compulsivness. A few years ago i bought a bigger, newer, more expensive house. Except for the odd little item this is my only debt.
Here is an overview:
Bought in Aug 2008.
Original mortgage of $175,000 (4% variable amortized over 15 yrs) with payments at $825 * 24 . This was my PIT (principal, interest and tax).
Broken down it was in order $358, $292, $175. I was somewhat happy because i wanted to ensure out of every $1 paid, atleast $0.50 goes to pricipal.
Due to luck and interest rates plummeting i figure another $6k has gone to principal over the last 2 years which always helps.
My current payments 2 years after i started look like:
$955 * 24 which breaks down to $648, $117, $185 (2% variable with amortization of 8.4 yrs). Roughly $0.85 of every dollar goes to my principal right now!
While many focus on how to afford the monthly payment or enjoying the 'lifetime' mortgage i like to see light at the tunnels end.
Due to family obligations, rising interest rates and the unforseen i would be happy to have the mortgage gone in 10 years. However my goal is to be debt free in under 8!
D
I focus on many unimportant things, but do so out of compulsivness. A few years ago i bought a bigger, newer, more expensive house. Except for the odd little item this is my only debt.
Here is an overview:
Bought in Aug 2008.
Original mortgage of $175,000 (4% variable amortized over 15 yrs) with payments at $825 * 24 . This was my PIT (principal, interest and tax).
Broken down it was in order $358, $292, $175. I was somewhat happy because i wanted to ensure out of every $1 paid, atleast $0.50 goes to pricipal.
Due to luck and interest rates plummeting i figure another $6k has gone to principal over the last 2 years which always helps.
My current payments 2 years after i started look like:
$955 * 24 which breaks down to $648, $117, $185 (2% variable with amortization of 8.4 yrs). Roughly $0.85 of every dollar goes to my principal right now!
While many focus on how to afford the monthly payment or enjoying the 'lifetime' mortgage i like to see light at the tunnels end.
Due to family obligations, rising interest rates and the unforseen i would be happy to have the mortgage gone in 10 years. However my goal is to be debt free in under 8!
D
Subscribe to:
Posts (Atom)