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Monday, August 8, 2016

Once again, upcoming contribution in kind for my TFSA

My latest investment - my first ever real US stock investment - in Berkshire Hathaway Inc. (BRK.B), had gain an encouraging $8.09 (got to start somewhere). My non-registered portfolio closed today session at $143 962.64 and my TFSA portfolio, at $41 123.13. I must be pretty close to the 170k net worth right now. Those are good results, but they were expecting since the TSX is now exceeding the 14 700 points. Can the TSX hit on the 15 000 points for my birthday on August 27? Why not!

I love when the TSX is all sky rocket high, no doubt about that, but this time, I am a bit confuse. I stop trying understanding the markets a long time ago. Simply because it exhausted me. It suck all of my energy. And it more than annoy me. Recently, its been announced that our unemployment rate in Canada raise to 6.9%. In July,  Canadian economy lost 31 200 jobs! Since that announcement had been made, the TSX just keep on going. Its so contrarian to what we should expect, clear of all common sense. With so many jobs lost in July, things are looking really bad - but what the heck, my portfolio is hitting on its highest value EVER. Go figure.

Maybe its the Olympic effect. I read that the stock markets use to mark points, just like our athletes during the Olympics Game. We have 3 Athena princess coming from New Brunswick who will compete at Rio: Genevieve Lalonde at the 3000-metre steeplechase (August 13 - it should be her lucky day, since August 13, I will be celebrating... my 10th anniversary as a blogger!!!), Catharine Pendrel at the mountain bike (August 20) and Mandy Bujold at boxing (August 12). Watch out for the Acadian ladies!

My non-registered portfolio of  $143 962.64 bring an unused margin of $27 648.14. And this is really great because I have left 14k in contribution room for my TFSA. Like usual, I am targeting some investments I hold in my non-registered to proceed with a contribution in kind for my TFSA. I am looking for stocks within the lowest capital gain. And currently, with a gain a $17.01, Morguard North American Residential Real Estate Investment Trust (MRG.UN), and a margin loan value of $504, MRG.U could be a good candidate. And also Savaria Corporation (SIS), Morneau Shepell Inc. (MSI) and Royal Bank of Canada (RY). Those stocks alone could bring a 9k+ TFSA contribution and take off a 5k on my margin loan value. It can be handle.

1 comment:

Anonymous said...

Reason TSX is doing well when economy isn't:


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