Wednesday, May 9, 2012

What to do with a "bad" investment

So its time to talk about Enerplus (ERF)

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

As I mention in the video, its easy to sit back and say you will do something or that you won't care or be effected. There are plenty of books that we can read telling us to not give in to emotions.
Its an entirely different matter when you have money on the line.

So to answer the question.. what to do with a bad investment. Treat is as you did when you first entered it.
Why did you get into the position in the first place. Has that changed. Does selling now cause more harm then holding on.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.


  1. Are you going to take part in Enerplus' new Share Dividend Program?

    1. No. The Share Dividend Program is really just a DRIP program. Their old one was only for Canadians. The new one is for everyone. Sharebuilder lets you do this with any of them and I have more control through them.

  2. It sure has been a rough few weeks....

    1. It certainly has. I'm actually looking to add more in another account but not more in the Model Portfolio. If it goes down to $10.80 I might. Because then at $0.18 it will pay 20%. If the dividend is cut in half (which I doubt it would be that much) then that would still give a 10% yield on cost for the new purchase.