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Monday, June 3, 2019

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A) is looking at me

Again today, while the TSX was closing on a negative note, Lightspeed POS Inc. (LSPD) was enjoying strong momentum, gaining 4.10%. I am quietly watching LSPD without doing nothing. LSPD is currently having it's moment, just like Canada Goose Holdings Inc. (GOOS) used to have. GOOS used to trade in the $90, and it's now trading half price. I suspect something similar will happen for LSPD, since I am not really in love with the stock. And when it comes to GOOS, it's all because their jackets are just ugly and not stylish. I can buy something nicer at a way cheaper price. When it comes to LSPD, I find it quite extraordinary that they can make the big buck that is currently making. I doubt that they can continue long at the same speed, my opinion being that at this time, Lightspeed POS Inc. is experiencing strong momentum, especially because of BNN Canada highlighting the stock. Amber is doing her job.

My non-registered portfolio closed today session at $120,933.33‬, my TFSA portfolio at $71,104.34, and my RRSP, stocks only portfolio, closed at $44,667.96. I currently have over $550 in cash in my TFSA portfolio, coming out from dividend distribution. So I have enough to buy new investment. Even a $550 investment worth it. I had built my $200k+ net worth with a bunch a small investment. The trick is to pick well. I had wrote and written again, again and again about Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). Wouldn't now be the perfect time to place that investment? Personally, I think so. Despite the fact that I have the chance to have at my disposal Stockopedia to conduct searches, picking up a new investment to invest in is not an easy task. I just know too well how hard it could be. That's why I like to blog and share everything for free. If you are lucky enough, sooner or later, you'll get on a point of the investment journey, it's something feel like I had come with what the TSX had the best to offer. I, however, believe that there's always gold to be found, it's just that now, gold is hiding from me and is not exactly in my face like it used to be before. There's always a gem to be found. The trick is to keep being selective and to only invest in stocks that blow your mind, and each time, you need to be asking yourself: who I used to be without having this XYZ stock in my portfolio?

And each time, welcoming a new investment comes with fun, excitement and a lot of questions. Like, am I doing the right thing by investing in this stock? Will this stock turned out to be a great investment? No one can really know. I asked myself those questions of course, but I never doubt of my stock pick because generally speaking, I find myself pretty good at this game. So be ready for tomorrow because we are probably going to welcome BAM.A for the first time ever in my portfolio! Feeling the excitement? I do.

Other than that, my margin account is slowly getting lower. My margin debt is currently at $47,917.96. I would like to see that amount going down to $40,000.00. From that point, it will make it easier to just push it harder at a lower rate. Currently, I am getting annoyed by Jamieson Wellness Inc. (JWEL). That stock is not exactly perfoming super well, but I am at least on a gain when it comes to JWEL. I don't like the volatility on this one, so I am tempted to sell now, since I can do it at profit, and just put the money down tolower my margin usage. It doesn't worth it to own stocks that are going no where and seem to be completely lost.

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