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Sunday, June 2, 2019

Rough days for the stock market, but not so much for hot Lightspeed POS Inc. (LSPD)

This past week end on quite a negative note. At some point this Friday, the TSX went under the 16 000 points!!! - it wasn't fun to watch. At least, the TSX closed in 16 000 points this past Friday. I am experiencing some light damages. My non-registered portfolio closed at $121,137.23, my TFSA portfolio at $70,989.45, and my RRSP portfolio, stocks only, at $44,639.37. All this is because of Donald Trump and his bad behavior. I don't understand why he is going on a trade war with Mexico. We now have a trade agreement between the US, Mexico, and Canada. What doesn't please Donald Trump remain a mystery for me. He's a very hard, difficult man, and one day, it will play against him, that's for sure. 

With all that misery, my margin is at $48,157.60 - which is good, since below the mark of 50k. And the best but not the least, I now have $1,572.98 in my bank account! For June, I won't have the minimum fee of $3.45 to pay. On a year, that makes $41.40. And like I said before, it's a bit ridiculous not to have money in the bank while having a net worth in the $200,000. Actually, for one of the account, I have a balance of $49, and in the second one, $1,523.98. Years ago, I used to live in the Ottawa area, and I had a bank account there, which I kept open. I just received a $50 return, on which they took a $1 fee. I won't say no to a free $49! The second account I have is my regular New Brunswick account that I had now for several decades. They made us open a bank account at school when I was maybe 10 years old and we put something like 1 or $2 in it each week... It was cute attention. I guess they were trying to motivate us to have some money of our own, but I didn't get any of that back then. It's only now, at almost 39, that I am willing to leave some money in there. It's also a matter of financial security. I wouldn't like having to sell any of my precious baby stocks simply because I am in need of money. It wouldn't hurt at all to have at least $5 000 in cash. It what I am working on right now. I still use the same banking account in the date of today as a lucky charm. I keep writing "bank account", but it's not a bank, it's a financial cooperative. Actually, I think I should use the term "saving account". I am not used to this, I haven't keep any money in my saving account in ages. I am a really bad girl.

In my last post, I express my need to sell the Bank of Montreal (BMO) stocks that I hold inside my TFSA portfolio. Unfortunately, since the TSX was down this past Friday, I wasn't able to proceed with the sell. Currently, by BMO stocks are -2.96% down. I will wait for BMO to recover before selling it. I am not exactly in a rush.

While the TSX was sliding down, Lightspeed POS Inc. (LSPD) stocks were gaining a fantastic 13.82%! Too bad, I missed the boat on that one. I had performed a quick buy-and-sell move on LSPD a little way back. And ever since, I am not letting go, I always check on LSPD from time to time. And it definitely worth the watching. Let see how LSPD will do at the opening tomorrow morning. LSPD stock goes up and down, probably under the impulsion of people like me who had been trading the title on some quick hot buy-an-sell sexy moves. At the end of the day, the dirty game is all about money. And it's all about having more and more and more money! :-)

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