LIVING OFF DIVIDENDS & PASSIVE INCOME

PetroChina (PTR) has been on a tear recently. Since bottoming around $125 a month ago, its risen exponentially to $175 today. That’s a 40% in about 30 days! And thats despite the news that the 2nd largest shareholder Warren Buffett has been busy liquidating small amounts of his holdings. Its up solely on the news of its IPO in China.

BHP Billiton (BHP) has also jumped recently on news that its Olympic Dam site is the world’s largest resource for uranium, the fourth-largest deposit for copper, and ranks among top-producing Australian mines in gold and silver production. Its currently at 27 year highs. Its also up 45% in the past month and nearly 100% in the past year.

While I didn’t panic and sell liquidate my holdings during the sell off in July, I did use that opportunity to buy more of my favorite Canroys. Most of them are flat to barely up since then. But they’re still paying dividends so I expect them to continue to chugg along.

Most of my porfolio is heavily wieghted towards oil/gas and commodity stocks. One of the few exceptions is SRS which I been trading in and out of and FXA which is an Australian currency ETF that also yields just over 5%.

I’m thinking of buying some Berskhire Hathway B shares (BRK-B) since they’re looking a bit week technically right now. I’ve been watching them for a while. The last time I was going to pull the trigger they shot up 10% so I’m waiting for a slight pullback.

Did any of you make a killing in a stock you’ve purchased in the past month? Let me know.

• How Do 1031 Exchanges Work - Part I Two of my investor friends told me they were going to ask me about 1031 exchanges. Rather than give them the same spiel, its just easier I wrote my own opinions here so I never have to repeat myself! Since its a long topic I'll break it down into a......
• DOW 14,000 - All Time High The broke the 14,000 level today. Despite Bear Stearns warning that their subprime mortgage hedge fund was worthless and Ben Bernanke stating that the subprime related losses would be in the range of $100 Billion the market was up! It just shrugged off the bad news and went on its......
• Buying A Stock For Its 16% Yield Since I decided to kick the old job (which was a hard habit to break), I'm going to be more reliant on my passive income. Part of my passive income comes from Canadian Income Funds, some of which pay out over 16% in annual yields. They pay out the dividends......

• So maybe it was Apple’s fault that we have been suffering without multitouch I’m sure by now that you are all aware that multitouch has come to a U.S. Android device at long last. This was fast becoming an issue akin to the iPhone not having copy and paste or SMS for the first couple years of its existence. Every interview you saw......
• Travel Computer Project: I Need Your Advice I'm finding myself doing quite a bit more traveling that I have in the past. Since I spend a good deal of my time on the Internet, as a software engineer as well as writing this blog, I developed a bit of a dependency on it. It's probably not a......
• 10 of the Best Defensive Canadian Stocks Whether we're in a bull or bear market, it always helps to have a portion of your portfolio in defensive stocks, so-called because of the relative protection they offer from price volatility and many business and market risks.  This is not to say that there are no risks involved with......

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