Another New Purchase

Questrade just introduced a new program that seems to be encouraging people to invest heavily in ETFs.  You can now purchase ETFs completely commission free!  Well kind of, you still pay the commission fee but they will put the money back in my account in a couple of days.  With this in mind I was able to purchase a single share to expose my portfolio to bonds.  Ignoring my shares in SPoT (SPP.VN) my portfolio is now divided as follows:

Small (XCS.TO) 21.94%
Mid (XMD.TO) 25.49%
Large (XIU.TO) 32.07%
International (XIN.TO) 16.30%
Bonds (XSB.TO) 4.17%

Now the only purchase I still have to make is a cash-equivalent ETF.  I'm thinking I'll purchase one that tracks gold/silver but I need to wait until I have some more funds before I do that.

Getting more and more Spots

As a follow up to my previous post, with the money I gained from my previous sale I put in a Buy Limit order on SPP.VN with a price of 14.5 cents.  As a result of this, I am now the proud owner of another 1500 shares!

My First Sale

I just made my first ever sale (and profit)!  From everything I have been seeing on the business news this weekend I was getting the impression that, at least for the short term, the mineral market is heading down.  With this in mind, I sold HBM.TO:

Purchase Price: $9.90
Sell Price: $10.91
Qty: 20
Commission: $4.95/trade

Capital Gains = (Qty * (Sell Price - Purchase Price)) - (2 * Commission)
Capital Gains = (20 * ($10.91 - $9.90)) - (2 * $4.95)
Capital Gains = $10.30 (5.2% profit)

I'm pretty happy with a 5.2% profit for just sitting and waiting a couple of weeks.  Of course, had I traded a larger volume my profit would have been much higher; with such a low volume a large chunk was taken out by commission.  I knew this was going to be the case when I started but like I said in a previous post this is an experiment to make sure I fully understand how things work before I get larger amounts of money involved.

Now I have about $225 available and I need to find somewhere to invest it.  Maybe I should buy a bunch more of SPP.VN since it has actually gone down slightly as well?