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Tuesday, June 4, 2019

Thank you and goodbye Jamieson Wellness Inc. (JWEL)

It was a release to see the TSX closing in the 16 000 points today. A gain of 150 points is quite positive, we still need to experience more gains in order the reach the old 16 600 point value. My non-registered portfolio closed today session at $120,154.95‬, my TFSA portfolio at $71,744.6 and my RRSP portfolio, stocks only, at $44,872.44‬. Nothing is hopeless.

I was going to proceed to buy my BAM.A, but while just having above $570 to place my new investment, it kind of didn't worth it. For the little money I had, I couldn't even buy 10 shares. At the moment, I was checking on Jamieson Wellness Inc. (JWEL), and I decide to sell all of my stocks before I begin to lose money on the investment. For me personally, it was the right decision to make. The money went to pay down on my margin. I preferred to have the money secure by paying down my margin rather than just having the money invested in a stock that may just go down in a close future. JWEL is not a super strong stock and at now almost 39, I am done dealing with troublemaker stocks. On top of everything, Jamieson Wellness Inc. (JWEL) is poorly rank on Stockopedia, so all flashers were pointing at one direction, and that was the EXIT sign. I had sell JWEL with absolutely no regret.

Selling JWEL has helped my margin account case. My margin debt is now at $46,228.34.

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