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Monday, September 26, 2022

Amber Kanwar is back to BNN Bloomberg!

It's been another rough day for the TSX, but this morning, I actually listened to BNN's The Open - which I haven't done in quite some time, and guess what? The dear Amber Kanwar is back! Amber Kanwar and Jon Erlichman are my favorite TV duo. I only have admiration for every single BNN anchor. They keep the ball rolling non-stop. Now I got to understand why I haven't seen Amber Kanwar for a very long time: she's the mother of not 1, not 2, but 3 adorable children. It was great to see Amber this morning. She's making her comeback in a quite rough financial environment. The stock market is never an easy place to be, but these days are very rough. It's not fun to see the TSX standing behind the 19,000 points.

In yesterday's post, we chitchat about my favorite bank stock,  Bank of Nova Scotia (BNS). I was listening to BNN when I heard that BNS was changing CEO. But that's not all. I learned that BNS is the - or among the less profitable bank, among the biggest ones... Bah, that doesn't really matter to me. The next BNS CEO is currently the CEO of one of my favorite stocks: Finning International Inc. (FTT). From FTT (heavy equipment) to the banking sector, is quite a strange move, but in my opinion, Scott Thomson did a very good job with FTT. I am confident he'll remain the same good leader for my belove BNS. We can only hope for the best. 

In her latest post, Susan Brunner announced that she had invested in some BCE stocks. BCE closed today's session under the $61 per stock. It's a good deal. For the past couple of months, I happily invested in BCE and I have room for a bit more shares. BCE is certainly a good stock to invest in, but it's important to remain diversified. And for diversification purposes, one stock that I really like is Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). However, BAM.A pay a much lower dividend than BCE... that's one of the reasons why I haven't invested more yet in BAM.A... But the main reason why I always say not to focus too much on dividends is to make sure to have a diversified portfolio. Some very awesome stocks out there pay a tiny little dividend - like BAM.A - but it's not a reason to turn your back on them. Some other awesome investments, like for example JFT Strategies Fund Class A Units (JFS.UN) - are just too cheap to pay any dividend, but remain a good cash holder. I am actually very glad to be holding JFS.UN in my investment portfolios. JFS.UN provide a little help trying to stabilize a bit the value of my assets.

My non-registered portfolio closed today's session at $131,988.82, my US portfolio at $4,778.63 US, my RRSP stocks-only portfolio at $60,073.36 and my TFSA portfolio at $117,422.16. For no apparent reason, Cargojet Inc. (CJT) gained over 3% today. I like to remain positive, but even there, I think that sooner or later, the TSX will go back to its old 20,000 points. My philosophy is always very simple. If we had been there, we can go back there. That's all. 

Also this morning at BNN, I found Kristina Hooper, chief global market strategist at Invesco quite interesting. From what I understand, we are near the lowest. Personally, one problem I am having while facing some market corrections like the one we keep being on these days, is to find out if we had reached the lowest or not. If we are getting closer to the lowest, that's good news because, from the lowest, the TSX can only do two things: remain there for a little while, or gradually gain back some valuable stocks.

All of those interested gains only begin to be understood by the market, that's the reason why we are suffering. When it's rough, that's when you need to invest in stocks. No need to invest thousands, invest what you can and enjoy the dividends. That's exactly what I am looking to do.

Tomorrow, I will be watching again The Open and check on Amber Kanwar.

Sunday, September 25, 2022

Bad days for the TSX, but now is a good time to buy high-quality dividend stocks

The TSX closed this past Friday session way below the 19,000 points. At 18,480.98 points, the TSX is not in a good place, it's hard to watch. However, now is a good time to invest. One stock that I invest in during the past couple of months is BCE Inc. At $61.45 per share, and with its generous almost 6% dividend yield, BCE still remains an interesting stock to invest in. Another stock that I like and that is trading right now below $70 per share is the Bank of Nova Scotia (BNS). I wouldn't invest exclusively in one of those two stocks, but I would be more tempted to invest a bit here and there in different sectors.

I went grocery shopping today. It cost me almost $100 for stuff I bought to cook two recipes with my slow cooker and a few extra things. I find it quite expensive. I just cannot imagine how families handle those high prices of groceries these days.

This past Friday, my non-registered portfolio closed the session on a super low $133,866.81, my US portfolio at $4,823.04, my RRSP stocks-only portfolio at $60,969.66, and my TFSA portfolio at $117,944.51. My margin debt is at $46,331.29. My buying power left on my margin is exceeding $43,000. I recently open a banking account with National Bank. From now on, I will be able to transfer money in real-time to my broker account, in case I feel I need to.

I will be leaving Montreal for New Brunswick just before Thanksgiving. Like last year, I think I will be spending the whole winter there. In the meantime, I am enjoying Montreal. I had been quite busy at work lately and I did a lot of overtime. My last paycheck was quite massive and I was really happy about it, but I also enjoy having time for myself. It's hard to enjoy any free time while spending so many hours at work. It's also really hard for me to follow my investment portfolio, and even to listen to BNN when everything seems to be everything work-related. It's a bit hard, but when I feel it's getting to a point where it's getting too hard on my shoulders, I think of the $$$, and sincerely, I feel immediately a lot better. Money of course is not everything, but it helps to think of all of those things you can do while earning more. Recently, I bought one new pair of glasses and one new pair of sunglasses. I also had some valuable gift cards from work, and I bought myself a Chromebook, clothes, beauty products, and a Bluetooth gadget. Also, having more money means that I can buy basically anything I want, within the reasonable of my ordinary life. I like my new Acer Chromebook 311 because it's lite and works well for my use.

I went swimming this past Saturday - like I normally do, but I think it will be the last time because when I got out of the water, all I wanted to do is to go under a blanket lol. I recently clean my summer wardrobe for my autumn\winter one. Summer days are gone for this year. I can say that I had a nice time. While waiting for October to kick in, I am still enjoying Montreal. 

I went voting in anticipation today for the Quebec elections. On my way there, I passed by this beautiful house. 






October is coming, but we can still see beautiful flowers in Montreal.



Last week, I went shopping at the Carrefour Laval, probably the biggest shopping center I ever went to.




I also enjoyed the boulevard Saint-Laurent and Montreal.


























I went to a free outdoor concert for the 60th anniversary of Place Ville-Marie:
























 

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