My non-registered portfolio closed today session at $144 680.41 - still very good for a day down on the TSX. And since a very long time, I have a margin left over of $20 498.02 - SSS. without any new update, I am pretty sure that my overall portfolio is now exceeding the $200 000. Its not a net worth of course, but I wasn't expecting to come so soon.
I currently have a $1 300 to invest inside my TFSA and a $1 200 inside my RRSP that are just waiting to hit on the stock market. So what's going to be my next investments?
I talked of Stantec Inc. (STN) a bit previously before. But now I am really into Stantec Inc. (STN) because the company declared a 2 for 1 stock split. This is making the perfect occasion to finally invest in Stantec! If you want to be part of the deal, you need to invest at least 3 business days BEFORE October 31th.
Stantec Inc. (STN) is the perfect stock to in a RRSP portfolio - partly because its not with a dividend yield of 1% that I am going to be able to buy that Aldo purse that I am just dying to buy! The best place to dumb Stantec stocks is inside a RRSP portfolio. Leave it there, and maybe later on the company will worth much more than now.
I invest through my employer inside my RRSP but I don't plan to add extra money into it as my motto is: I NEED MONEY NOW. PRINCESS NEED THE CASH """NOW""" PLEASE. Aldo purse now please.
I had money available to invest inside my RRSP after I sell my Tim Horton stock. I just hope that Stantec will be the hot deal that will make me look fabulously hot.
I didn't invest in my non-registered portfolio or TFSA in a little while and no longer remember what I had as wish list for upcoming portfolio. Or maybe all I remember is... that Aldo purse.
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8 comments:
Is there really an advantage of buying it a few days before the official split compared to say buying it at a lower possible value than its equal split value after when the split occurs? The stock could go either way after Oct 31st. Also, wouldn't the dividend lower to around 0.50 yield? I have never dealt with a split stock so it is a bit new to me.
Interesting question. From what I experiment with a few stock split, the trick is to buy before the conversion. On the say the split happen, usually, your investment will gain in value. To benefit from the buzz, and if the stock is of quality and its something I had been looking to buy in quite sometime - like Stantec - well, buying before a stock split deal is the best way to benefit from everything.
However, you could wait, wait and wait for the stock to go down in value, but you know what, that may never happen.
Jump in at any occasion and hold.
I did read about Stantec further in Alberta Venture yesterday. It does sound even more promising for the long run. I may go ahead on it.
Oh I didn't realize this but Stantec is planning on moving their headquarters to the new 2.6B downtown arena as well as design and engineer it.
http://www.bnn.ca/Video/player.aspx?vid=428210
That's quite good news for Stantec investors, that for sure.
The West of Canada is rich of many companies like Stantec, just gotta jump in when the time is right. And now is I think a good time.
Regarding your question about the dividend after the split, the dividend distribution will remain the same. After the split, the dividend distribution won't double.
Regarding your question about the dividend after the split, the dividend distribution will remain the same. After the split, the dividend distribution won't double.
Doesn't the dividend change from 19 cents per share to half that after the split? The yield would still be close to 1%. That's how I believe a dividend changes after a 2 for 1 split.
As for your recent purchase into Stantec - did you do it on Sept 8th - on the day that you initially made the Stantec posting?
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