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Sunday, April 15, 2018

I am not sure if Brookfield Renewable Energy Partners L.P. (BEP.UN) belong in my portfolio anymore

The weather is turning really ugly in Montreal and its probably going to be worst tomorrow morning. I am just glad I can work from home. This past Friday session, my non-registered portfolio closed the session at a very good $189 723.58. My TSFA portfolio closed at $63 010.48, my US portfolio closed at $3 066.61 US and my RRSP portfolio closed at $37 088.64. This is quite good knowing that the TSX closed its session at a low 15 273.97 points. I would like to see the TSX at its old 15 600 value. But what I wouldn't like to see is a TSX under the 15 000 points... These days, nothing is easy and I am doing my best to protect my capital.

Like always, my Premium Brands Holdings Corporation (PBH) investment has a positive effect. My PBH investment is now exceeding the $55 000 value. I am like a little mermaid desperately trying to stay alive in an ocean of storm... And while doing so, my PBH is my rock and is pushing me all the way to the top. There's just nothing you can do about it so stay calm.

Last week, I decided to sell my Morguard North American Residential Real Estate Investment Trust (MRG.UN) shares. That left me over 2k to invest inside my TFSA portfolio. I was also thinking about selling my investment in The North West Company Inc. (NWC), but I didn't proceed with the move yet. It cost me like always to sell any of my babies, but they are only stocks, and I am the mermaid.
But currently, more than NWC, I am much more concern about my investment in Brookfield Renewable Energy Partners L.P. (BEP.UN). Things are not looking well for BEP.UN. If I sell Monday, I would make a tiny profit of... about $7 following commission fee. If I can sell BEP.UN at a profit, even tiny small on Monday morning, I will do so.... And I am still thinking about selling away The North West Company Inc. (NWC).

All of those selling inside my TFSA portfolio will leave me with a couple thousand. I am thinking about investing a part of that newfound money in a stock that I also hold inside my RRSP: CGI Group Inc. Class A Subordinate Voting Shares (GIB.A). CGI Group Inc. took it time to gain in value inside my RRSP portfolio, but it's not a bad stock to hold to for the long run. CGI doesn't pay a dividend, unfortunately.

Seem like even really smart girls can't have it all.

In the meantime, one of my newest investment, Canadian Real Estate Investment Trust (REF.UN) is going quite well inside my non-registered portfolio, it registered a gain of 2.54%. It's a real an ego booster to have one of my latest investment performing well in the stock market. Because as you might know, the TSX is not an easy place to be right now.

Inside my TFSA portfolio, another recent investment, Enbridge Inc. (ENB, is now on a 3.44% gains. If I can just continue being so real smart, I should get on the 230k net worth quickly, but I desperately need a TSX in the 15 500 points. Without a TSX in good shape, I am almost nothing.

For once in a really long time, I now have over $4 000 in my banking account. And I have the feeling that this time, the money will stay straight there since I have some money available inside my TFSA to satisfy my thirst for new investments.

I almost have it all after all.


Anonymous said...

I am a novice investor but was wondering why you don't just add money to some of of your really good quality stocks that you already own instead of looking for a different one. You have so many stocks and most of them seem really great. I am really wanting to buy some bank stocks but some say they are still overpriced. My money is sitting doing nothing which I don't like!

Anonymous said...

What is your concern with BEP-UN?


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