August 31, 2021 | RIG stock: My $15,000 US dollars position | How to invest as a value investor? | Two year | Better to be a long term investor

RIG stock: My $15,000 US dollars position | How to invest as a value investor?

Aug. 31, 2021

Introduction

I like to solve the problem of gambling on my last 10 years full time savings around $64,000 Canadian dollars. I like to put 50% into stock market, and take risk to lose 50% in order for me to learn how business works in pandemic, GTE and RIG, and track how those business performs to work with investors. 

My RIG position | Up and down | Market swing | What is next? 

I thought about missing rebound of TEVA 20%, and then decided to invest $15,000 dollars on RIG stock at price $3.67/ share, and then it went up $600, and then went down $3000 dollars, and then recovered the loss. 

I learn how to calm myself and do nothing, and then track what is going on about market. I like to learn how market works this dramatic swing, most investors cut loss and sell RIG stocks. RIG stock price went down to $2.8/ share, and I only purchase 100 more shares in my IRA Ameritrade.com USA account at lower price $2.8/ share. 

I do not like to gamble, since I have worry about bankruptcy of RIG, if delta variant slows down everything. But if it is the case, then I should not worry about money. I should worry about more important things in my life. 

If I do not purchase 4000 shares of RIG, then I will not spend two hours to read RIG quarterly report. I chose to invest on commodity, since it is easy to calculate compared to other business. I like to start from a simple business like oil industry. 

My homework | 50+ oil stocks | My tracking tool 

I also like to track 100 oil stocks, since I know some of oil stock may have very good articles to read under Yahoo -> Finance. I spent a few hours to put together a portfolio in June 2020, and then I named it nicely today so I can lookup more often. 

Reading is No. 1 important as an equity researcher 

I like to read more articles about stocks, so that I can make some bets more often on those $15,000 US dollars. 

Comparison to GTE stock

I also hold 20,000 shares of GTE with around $4000 Canadian dollar loss. I just could not believe that small business is so risky to invest and also it is not shame to lose my capital, I should at least understand one business. 

Follow up 

Feb. 8, 2023

RIG stock price is above $7/ share, only less than 2 years after I wrote the blog. 

It is a good deal to purchase 10000 shares at lowest price as possible ($2.4/ share in Sept. 23. 2022), and then hold it until 2 years or price much higher ($7/ share)

SU.TO: Time to get back in stock market to build Suncor stock positions

 Oct. 3, 2020

Introduction

It is so hard for me to discipline myself as an investor, stay consistent. I like to write down my analysis and thought process. 

My purchase and my loss starting from August 31

Here is youtube link. 

I recorded my thought process in youtube video first, recorded using video app called powerDirector. 

I got dividend on Oct. 2, 2020 through mint.app, around $120 dollar dividend on Sept. 2, 2020. It also reminded me to get back in the position of Suncor energy stock. 

I have to plan how to time the market and get back in the stock market on Suncor stock, should I purchase 500 shares once, or I should break into three sessions, each time I purchase around 150 shares. 

I need to think about long term. For example, if I consider for 4 years return, what is good time to invest on Suncor stock. Since I drive old used car, if I purchase a new car around $12,000 dollars, then I can pay it off in 4 years. I can relate to the new car case, then I can think about how to invest those and get some return. 

On Oct. 2, 2020, Suncor stock price went down the level of March 27, 2020, below $16.00 dollars, the price range is from $15.01 to $15.99 dollars. I do believe that I should get back in 200 shares a time, and invest a few times to catch lowest price. 

Follow up 

Oct. 8, 2020

On Oct. 8, 2020, SU.TO stock went up more than 6%, so many oil stocks went up over 5% as well. I did not purchase any shares after Oct. 2, 2020. 

I tried to stay away from gambling, and tried to work on Google phone screen. But of course I missed the chance to recover my loss over $7000 oil stock loss from August 31 to Oct. 2. I should take market risk seriously. I have to learn how hard it is to stay put, and hold those shares. 

Nov. 14, 2020

Su.TO went up over 20% last week. I did not catch the rebound. I need to look into the issue, and also stay positive and continue to do good equity research. 

Follow up

Sept. 20, 2023

Victoria portfolio - One week oil stock performance

April 2, 2020

Introduction

It is so exciting news to write. I invested $2000 dollars on Canada oil stocks, and then today I saw 25% increase.

Case study

It is so exciting to see that oil price went up quickly in less than one week. I did purchase March 27 last Friday while I took one week vacation.

I purchased around $1900 dollars Canada oil stocks last Friday, now the market change is over $450 dollars.

My purchase March 27 2020

Here is the blog to document my purchase of distressed oil stocks, March 27 2020.

Reference:


Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic, here is the article.