Social Icons

Sunday, August 11, 2019

Getting ready to say goodbye to Lassonde Industries Inc. (LAS.A)

At more than 16 300 points, the TSX closed this past Friday session on an encouraging note. It happens that I made the right choice last week. Selling Hydro One Limited (H) happens to be a good decision. Hydro One second-quarter results aren't looking good. As you know, following the sale of H, I had the really good idea to invest in Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). In this short period of time, BAM.A gains 1.99% inside my TFSA portfolio. Another great move I made last week was to invest in some Lightspeed POS Inc. (LSPD) shares, again for my TFSA portfolio. Ever since, LSPD gains 18.60% inside my portfolio. I am quite pleased with those two and I couldn't have any better timing. Let just wish that I continue being fabulous like this for the next couple months.

This past Friday, my non-registered portfolio closed at $112,371.60, my TFSA portfolio at $78,168.32, and my RRSP portfolio - stocks only - at $45,398.27‬. Since the TSX is not in the 16 600 points, I am not exactly on top of where I should be, but the overall numbers are not too bad. Another stock of mine who had been performing well lately is WSP Global Inc. (WSP). I own WSP in both non-registered and TFSA portfolio.

July had been quite a heavy month in term of expenses, but I manage to cover it all. For August, I should be able to get more in the saving zone. I will be careful with my money for the next couple of months. For that reason, I want to be careful with the stocks I own in my portfolios. It's the reason why I got rid of Hydro One Limited (H) inside my TFSA portfolio. I want to have absolute confidence in the stocks that I own. Currently, Lassonde Industries Inc. (LAS.A) is not doing really great. The stock had been on a declining chart for quite some time now and I way to prefer to sell now since I can register a good capital gain from the sale. I own LAS.A inside my non-registered portfolio, so the sell of it will allow to pay down my margin account debt. Currently, my margin debt is at $45,505.44. I would like to see it going down to 40k by the end of the day.

When the time will be right, I would like to get rid of RioCan Real Estate Investment Trust (REI.UN) and BMO Bank of Montreal (BMO).

No comments:


Thank you

Thank you for visiting!
Blogger Templates