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Tuesday, April 10, 2018

Saying good-bye to Morguard North American Residential Real Estate Investment Trust (MRG.UN)

My non-registered portfolio closed today session at a $186 881.02, my TFSA at $63 410.25 and my RRSP (stocks only), at $37 366.11. I made the decision to sell all of the Morguard North American Residential Real Estate Investment Trust (MRG.UN) stocks that I was holding inside my TFSA portfolio. It wasn't a very difficult decision to make. And nothing retain me to get back in MRG.UN later on. Right now, I don't want to lose any money and MRG.UN had been on the low side for the past year. Luckily, I had been able to make a little profit of $153 by selling MRG.UN today.

Again inside my TFSA, I am thinking about selling my The North West Company Inc. (NWC).

And eventually, I could sell also those two, form my TFSA:
 National Bank of Canada (NA), and Canadian Imperial Bank Of Commerce (CM) stocks. 

Currently, my margin debt is at a fat $103 012.38. I don't dislike the idea of paying down that margin debt and get on a fresh start. 

There are a few stocks that I hold inside my non-registered portfolio and that I could easily sell:
ENF, PPL, TRP. I have no real attachment towards those oil stocks. I could also easily sell my ENB shares.

By selling those investments and by putting down my saving for the next 8 months, I could reduce my margin usage to around $30 000. I like to come with scenarios like this one. Its always good to have options on the table.

However, this year so far, my non-registered portfolio registered at 15.01% gain, and since 2012, I am on an 18.51% gain. Knowing that, it would be foolish to sell any of my valuable stocks only to pay down my margin. One thing for sure, I shouldn't go higher on my margin usage. I have everything it takes to support my existing big fat 103k margin. I know that one day will come where I will partly sell my investment to pay down my margin, but I still have the place to grow and I am not scared. I never had a real fear of my margin. I am exceeding 20k on what is left on my margin so its alright.

In the meantime, no new investment in the radar.

Regarding NWC, I am not sure if I should sell or not but its more a yes than a no at this time. I mostly would do it to protect my capital.

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