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Thursday, May 16, 2019

Another great stock find on Stockopedia: Mainstreet Equity (MEQ)

We got a nice little jumped from the TSX today. This one has a feeling of too much too soon. I am not under the impression that the trade war between the US and China is going to be resolved anything soon, but with Donald Trump, everything is possible. Having the TSX at 16 443.86 points is only helping my cause. My non-registered portfolio closed today session at $124 274.24‬, my TFSA portfolio closed at $72,357.17, and my RRSP portfolio at $44 197.96. Currently,  both values of my TFSA and RRSP portfolios exceed my April 5th value, which is a good sign. I now almost have $500 in cash coming from my TFSA portfolio dividend distribution. I would like to invest in BAM.A of course. 

I am browsing on Stockopedia, and I just spot a stock that I had talked about before:  Mainstreet Equity (MEQ). This stock is quite spectacular, but unfortunately doesn't pay any dividend distribution. Between BAM.A and MEQ, I actually preferred MEQ. The only thing is that Mainstreet Equity (MEQ) doesn't pay any dividend distribution. Otherwise, MEQ is perfection. Most of my stock pay dividends, but I hold a few really stocks, like the famous Berkshire Hathaway Inc. (BRK.B) and CGI Group Inc. Class A Subordinate Voting Shares (GIB.A) who don't pay a dividend. Even if those two don't pay a dividend, they are great stocks to hold inside of a portfolio. They are the kind of stock you may want to hold for a long long time. At a point, you'll accumulate several thousand in term of capital gain. The best thing is: it doesn't require any efforts at all. You simply need to hold on tight to the best stocks. Time is a precious asset.

I won't lie, my next investment may be just a tiny little one. Summer is coming in a hurry and I have a 2 weeks vacation coming up. I will need at least $1 000-$1 500. I would also like to leave some money in my bank account. Nothing exciting, but the stock market all alone has enough right now to fill me with all the emotions I need.

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