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Posts Tagged ‘TFSA’

Your TFSA – Watch it Double Every Two Months

get a pardon
by Kirk_J

I only wish they introduced the TFSA when I was 30 years old. But in my fifties and with a more limited time line, I need to be more aggressive. You heard right, aggressive!

After the recent market meltdown I have no intention of letting anyone else manage my money, certainly not at my age. I plan on doing it all myself. It’s not rocket science as many would have you believe. It takes focus, commitment and a strong willingness to do the serious due diligence.

So stay with me here. Just suppose you could double your TFSA every two months. Come on you’re kidding right? No kidding, deadly serious.

Well researched stocks will identify good quality junior stocks that have a very strong chance to double and many will do even better than that.

OK show me! Sure. Barely a month ago (April 2009) I was researching OPTI Canada (symbol OPC on the TSE). It looked like a strong candidate for a double. I bought 3,000 shares at $ 1.18 . Within 30 days it went to over $ 4.00 so yes it was better than a double. There are plenty of examples.

Okay then, what about an example of a stock that might still double. Sure, no problem.

Century Mining (symbol CMM on VSE) is at .20 (May 2009) has already proven their gold quantity through a detailed NI43-101, done in 2008. Today they await news confirming a $ 65 million financing deal to restart their very successful Quebec mine.

The US dollar is in decline, and gold is about to roar past $ 1,000.00 an ounce. Research says CMM is an easy double from here. Based on how soon they’ll be back to drilling, CMM is likely closer to being over a dollar before Christmas.

So let’s get back to your $ 5,000.00 TFSA. Or should I say your $ 300,000.00 TFSA. What? Pardon me! How many years from now? How about 365 days from right now. Oh I am completely serious here. If you’re serious and committed, you can do it!

In two months, stock number one doubles, TFSA = $ 10,000.00 . End of month four, our second stock doubles, TFSA = $ 20,000.00 . Six months in and our third stock doubles, TFSA = $ 40,000.00 . It gets better, after month eight, our forth stock doubles, TFSA = $ 80,000.00 . After ten months, our fifth stock doubles, TFSA = $ 160,000.00 . and presto, our sixth stock doubles to end our first year, TFSA = $ 360,000.00 .

Remember as aggressive as this timeline appears, you are literally spending two full months finding and researching each stock. Thus enough time is allowed to really learn everything there is to know prior to investing. I mean you really want to know this stock intimately, learn all there is to know first! Which is the way it should always be anyway.

Now what a minute you say, would I really invest $ 80k or $ 160k in a single stock, especially a junior stock? HELL YES!! Remember you’d only do it after very careful research right? Absolutely right!

But just to be safe, when my TFSA balance hit $ 160k, I would take half or $ 80k out. Remember this is a TFSA (Tax Free Savings Account) so you can take that $ 80k out completely tax free! My first thought is pay down the mortgage, a huge interest savings move. Pay off other debt, again interest not paid and thus saved. Or pay off a child’s education, kitchen renovations, buy another house and flip it, and always keep five or ten thousand dollars aside and really treat yourself to something you’ve always wanted, after all you really deserve it now.

Oh another point when doing your research, as great as a company’s prospects look while doing business in a foreign country, it is still not North America, be very aware. You never know what politics are going on there. Just look at what happened to Uranium One Inc (UUU.TO) (May 27, 2009). Possible illegal claims being sold etc. and shareholders may lose everything. So yes, buyer beware!

Remember Bre-X and their 200 million oz of gold claim, a complete fraud. That is exactly why the NI43-101 exists today, to prevent fraud and hyped up claims. When a company wants to do a NI43-101, take them very seriously!

Here’s a challenge for you. The stock is OREX Exploration, mining in friendly Canada I might add (symbol OX on the VSE) trades at .20 (May 2009). My research shows that a 1990 report identified 1.6 to 2.4 million ounces of gold on their property. Today, with far better technology they are doing a proper NI43-101 report to bring the findings up to date. Fact is the land in question has also grown in size and there is a nugget effect in play as well.

The NI43-101 report is expected anytime now. The news of that kind of quantity gold will make it’s way to even the ears of a Peter Munk. Why? Because when millions of ounces of gold are identified, trust me, the money people are always close to the news.

So again, would I invest $ 80k in a stock like the one I’ve just described. Again, HELL YES! Irrational exuberance you say! Okay I admit I might sound over confident. And you know why that is? Because good research and thorough due diligence make the decision valid and uncomplicated.

Go ahead, take my challenge on OREX Exploration? Do your own research. Take your time. It’s worth a look, trust me!

This is true emotionless trading, and it’s the only way to serious wealth!

Mike Perras manages the Canadian Stock Alerts blog. While these alerts are never meant as a recommendation to buy a particular stock, they are nonetheless a heads up or an alert to a certain potential positive trend.

Canadian Stock Alerts follows one major rule, follow the volume! When trading volume in any stock is higher than usual, a trend has been established. While the stock may go higher or lower is in fact irrelevant. Stocks that go higher, always pull back. Stocks that go lower are often oversold. In both cases alerts may be issued.

Mr. Perras always recommends trading on paper first before following any new investing strategy. Try it out, without using real money. When you can see first hand that this style of investing works and satisfies your own risk tolerance level, only then should you consider it a strategy you want to work with.

Canadian Stock Alerts does not receive any compensation whatsoever by any of the companies it issues alerts for. Alerts are issued in real time during market hours and follow the “higher than usual volume” rule always. One’s own due diligence is always recommended when it comes to any kind of investing.

His system Best Stocks For Easy Profits is also available online. Take a look and see some real life examples.

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Alpoginais celebrates long-sought pardon for teen felonies
Alpogianis said he did not have a comment at this time as to whether he will run again in the next village trustee election in 2013. He said he would have to sit down with his family and talk about the great commitment that being a trustee involves and …
Read more on Niles Herald-Spectator

The Pardon

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