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Sunday, August 4, 2019

Saying goodbye to Hydro One Limited (H) and welcoming Brookfield Asset Management Inc. (BAM.A) in my TFSA portfolio!

I just came back this week from my summer vacation in New Brunswick. It's the reason why I haven't posted anything for quite a long time. I now have a bunch of stuff I want to write about. While being away, enjoying the sun and beach, eating lobsters, drinking beer and wine, the TSX hit at some point the 16 600 points! I was quite happy with the achievement. For a moment, it almost felt like we were on the road for more steady gains. It looked like I had my chances to hit on the 240k+ net worth after all right in time for my birthday... but that happy time didn't last long. And it's all the fault of Donald Trump. I just hope China will remain strong in front of Trump. The United States always taught of themselves as international leaders. Now is the perfect time to break that pattern and bring them down. Especially since they had cut their interest rate. The US can be financially destroyed, but that can only be done if China remains strong and don't obey to Trump. In other words, China needs to be much stronger than Canadians in front of the US. The US had became the enemy of the modern world, destroying all of our economical security.

I didn't have time to make the announcement, but earlier this week, I had sell all of my shares Hydro One Limited (H). Ever since I had been holding on to Hydro One, that stock never completely pleased me and never sharply delivered. The chart of that stock always been all over the place. I had been holding to Hydro One Limited (H) since it's early beginning in 2015. At first, H makes its entry in my non-registered portfolio, and later on, I proceed with a contribution in kind of H for my TFSA portfolio. Since 2015, inside my non-registered portfolio or inside my TFSA portfolio, Hydro One Limited (H) never had been a super strong achiever with an amazing chart. I basically had lost my time with this one. So when I realized that was able to sell Hydron One without facing any loses, I did so. The time had come. Let say I had experimented that shit stock so you don't have too. At the age of the early beginnings, I was hoping to have in Hydro One exactly what I had with my investment in Fortis Inc. (FTS): a super stong chart with just amazing juicy dividend returns. But as time passed by, I realized that Hydro One Limited (H) would never become a mini Fortis Inc. (FTS). I had been quite disappointed by Hydro One. And with Doug Ford in Ontario, I have no confident what so ever that anything super great can comes out of Hydro One. It's now the perfect time to run out of it, and run to safety, in another stock that might be more reliable.

Another reason why I decided to sell H is that we may be facing a recession or more struggle on the stock markets. I want to face those upcoming hard times by standing strong with only my best worrior dogs by my side. I guess you might know by now that I had a fatal attraction for Brookfield Asset Management Inc. (BAM.A). Following the sell of H, I had bought Brookfield Asset Management Inc. (BAM.A) inside my TFSA portfolio. BAM.A is the type of strong stock that I belive I can rely on in order to look good on the stock market. BAM.A will probably perform better than Hydro One Limited (H) for the long run.

So this past week - quick recap - I came back from vacation AND I sold H, and bough BAM.A. But that's not all!

I spent quite some $$$ during my vacation, eating seafood, shopping at Moncton, drinking beer, wine, eating out.... I had spent some money. But what's the point of having a net worth of more than $200 000 if it's not to spend money from time to time? However, following period of heaving spending, I quickly get back on my lead and become frugal. And what about trading like a "man"? Trading for just trading? Only for the money, nothing else. I have the ultimate stock for that specific purpose.

I do not really like this company, but like a good girl, I follow the stock market. And if the stock market loves a stock, it would be a shame to push it away. Ever since I discovered this Quebec stock, I always kept my eyes and it. I knew it would be the perfect stock to buy and sell in a hurry for some quick fabulous gain: Lightspeed POS Inc. (LSPD). Personally, I strongly believe that LSPD is among the best Canadian stock to perform day trading on. Nothing is guaranteed, but I had trade LSPD in the past and I had been able to make a profit on it quite quickly. I don't understand why LSPD has experienced such fabulous success on the TSX. LSPD is still today on a high momentum and it would be crazy not to benefit from it. Its title moves quite quickly, so you might have to watch it closely. I had bought last week some LSPD stocks, and I hope to sell them soon to make for some hot gains. At this time, I am not willing to play on other stock, only Lightspeed POS Inc. (LSPD)., and only for a small amount of money.

That being said, my non-registered closed this past Friday session at $112 398.36, my TFSA portfolio at $77 775.61, my US portfolio at $3 340.40 US and my RRSP portfolio at $45 255.42. After paying down all my vacation expenses, I had been able to keep a $2 000 in my chequing account. My margin account debt is now at $45 640.89. I estimate my net worth to be in the $220 000. This is not too bad knowing that the TSX is way under the 16 500 points. We closed Friday at a low 16,271.66‬ points, losing more than 100 points in the process. Days when we are losing 100+ points are not good days, and it always has bad effect on a portfolio like mine, who's quite heavy in term of stocks.

I now have a $500+ in cash in my RRSP portfolio, that money comes from different dividend distributions. That allow me to place another investment inside my RRSP portfolio. Who will be the happy winner? For this investment, I don't want to play, I want something easy to hold, that I will be able tohave in my RRSP portfolio for the long run. I don't know yet for sure what that investment will be made of.

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