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Sunday, May 10, 2015

A smart choice for investors: The North West Company Inc. (NWC)

Lou Schizas recently review a stock that I own, The North West Company Inc. (NWC), and the review is quite positive. So if you are looking for a great company that pay a decent dividend, NWC could be the right pick for you.

I had been holding JFT Strategies Fund (JFS.UN) in my portfolio since its early beginning and for this investment, I had decided to sell of some shares as soon as I hit on the $510 in profit. I had been able to successfully sell off some units at $510 one time since I had been holding JFS.UN. And I am patiently waiting for the second time. With the summer coming in a hurry, it would be nice to have a few hundreds extra to cover my expenses. I would be more in need of a 2k rather than just a $500, but hey, its how it goes. Currently, I am at $230 in profit with my JFT Strategies Fund (JFS.UN) investment. It shouldn't be

I still have a $19 000 in TFSA contribution room left, which is a shame. I selected a few stocks that I hold inside my non-registered portfolio that I can use for a contribution in kind for my TFSA. They are: 

 Black Diamond Group Ltd (BDI)
Toronto-Dominion Bank (TD)
TMX Group Inc. (X)
Crescent Point Energy Corp (CPG)
Emera Inc. (EMA)

After that, I don't see any other investments that I could switch over to my TFSA - so I will be getting a break from contribution in kind. And maybe a break from investment. With summer coming in, my expenses went up - on all kind of stuff from clothes to sunscreen and so on. CIBC Visa had sent me a 0% percent credit card balance transfer offer - but there's a catch - a 1%. However, I don't want to increase my debt level and I plan to slow down on my expenses for a little while. After all those years of investment after investment and more and more stock purchases, I am no longer the extra efficient saver that I used to be. I guess Quebec corrupted me. But in a way, my purchases were most of them needed, t-shirts and just a few summer clothes. A new pair of running shoes because the old ones gave me blisters - I have the most sensible feet of the word. What else can I say? could I really say no to a new mascara? NO.

Anyway, my next big thing is to save a $1 000 in my banking account. I never leave any balance in there and for a change, I would like to leave a little something so my banking fee will be free. Its kind of funny to switch from investing to saving. I hold close to $150 000 in net worth, but this girl have nothing that stay in her banking account. Emergency fund is not my style either way, but it's fully needed. Its not because I hold a stock portfolio that I don't need an emergency fund. I would like even a $2 to $5 000 to cover myself in case of need. 

Its about all I need right now, a bit more cash for savings.

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