~A 20 year old's journey out of the rat race~

[humble_pie]

Cheers humble! It dawned on me the other day while riding the bus that despite the fact that the amount of money in the account is still exceedingly small compared to what would be needed to retire, it's starting to approach the size of a down payment - so I'm making some progress at least! It's starting to become a not-so-insignificant amount of money

it's a stunning amount of money. It's not small at all. The most wonderful aspect of it, to my mind, is the fact that a good part of it was earned with your own investing brains & wits & smarts.

turning now to mononucleosis, what bad news. I am so sorry. There will come a time - hopefully before Xmas - when all your energy will return & you'll have difficulty remembering the days of fatigue that mono delivered. But it must be difficult right now, in your very 1st year at university. I hope you will put your health & your studies first. Hoping also that you are getting good medical care.

[My Own Advisor]

@cannadian - thanks for following!

[cannadian]

may your tfsa exceed your age in 2012

it looks like that looming 2k contribution is going to clock it, as long as the market holds up.

The TFSA now exceeds my age

I posted a little update on how things are going on my blog if anybody wants to check it out. I think other than doing book reviews I'm going to disappear for a little while, work hard, and pray that there's a big correction in the market so I can scoop up a bunch of companies that I've been eyeing. I don't want to post their names just yet because some of them have market caps below $50M and next to no liquidity.

Hopefully the next time I post the portfolio will be over $25,000 and I will have some new additions to it. I am also going to start studying "Equity Asset Valuation" in the next 10 days (or whenever it arrives), pretty excited to enhance my technical knowledge for fundamental analysis..

[cannadian]

Hey everyone, added a new beauty to the portfolio and bought more TGL since its taken a dip due to political instability despite having won 4 fantastic blocks in the recent bid round. I'll be doing an update on TGL pretty soon, but I like the company more than ever and I'm very bullish on Egypt (I'll explain why in the update).

So I exited silver and Europe. I'm still bullish on both, particularly Europe - but I find that these 2 picks are more speculative/intuitive rather than based on solid analysis. Besides, I think the downside risk in the company I picked up is less, and the upside more.

The new entry is Automodular Corporation, I bought 2,425 shares @ $2 each. I wrote up the analysis here: http://ratracefreedom.net/2012/12/11...r-corporation/

The portfolio is now worth about $22,500, maybe a little more, and I've almost added the full $20,000 into it. It looks like this:

TGL - 1112 shares
AM - 2,425 shares
PEY - 175 shares
BAC - 250 shares