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Wednesday, April 29, 2015

Welcome in my TFSA portfolio Brookfield Renewable Energy Partners LP (BEP.UN)!

If I would had enough money, I would had invested in both Brookfield Renewable Energy Partners LP (BEP.UN) and Northland Power Inc. (NPI). But since a choice need to be made, I selected BEP.UN. BEP.UN win over my simply way of selecting stocks.

Today, I also collect the money from my sell of my Sprott Canadian Equity Fund units.It wasn't a difficult choice, but it wasn't a fun one either way. In the sell process, I lost $3 609.15. I have collected a bit more than 3k from the sale. I had no idea what to do with that money, so I reinvested it all in the JFT Strategies Fund (JFS.UN). It seem like a good option. I wasn't for sure going to invest in RBC Royal Bank (RY)! No way. Story short, I now hold JFS.UN in both my non-registered and RRSP portfolio.

I decided to say goodbye to Sprott Canadian Equity Fund inside my RRSP portfolio because since 2008, the fund had never been able to recover from the 2008 stock crash. Recently, the Sprott Energy Fund manage by Eric Nuttall featured in the Financial Post. I talked about this article previously, mostly because everything involving Sprott flash me straight in the eyes. I don't know if the author of the article was giving money by Sprott Asset Management because a wrong perception is being giving of the fund. Jonathan Ratner wrote an article that "sell" very well the Sprott Energy Fund. I wouldn't be surprised to learn that Eric Sprott is buying journalists in order to promote himself and his businesses. But that is worthless because there will always be out there smart bloggers who are able to see after facts and give their own and honest opinion about what's going on.

The article of Jonathan Ratner start with this punch line: "Welcome in my TFSA portfolio Brookfield Renewable Energy Partners LP (BEP.UN)! Eric Nuttall’s Sprott Energy Fund has gained 16% this year, making it the sector’s top performer in Canada." Ok, well dummy, if you had invested in the Sprott Energy Fund before or way before the 2008 stock market crash, you wouldn't be sitting on a 16% gain, but on several thousands of money lost. 

Most financial journalists like Jonathan Ratner - if you can name that "journalist" - are really not deep thinker. Its a propaganda article. That poor Eric Nuttall might think of himself like he's doing a good job, but it is truly not the case.

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