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Monday, March 2, 2020

Thank you and goodbye Northview Apartment Real Estate Investment Trust (NVU.UN)

This past Friday had been quite disastrous for the TSX. I had more of a slow day at work, so I was checking on my baby from time to time. At a point during the day, my TSX was hitting below the 16 000 points. It wasn't fun to watch, it wasn't a happy day, but I wanted to benefit from the situation. Derek Foster announced a few days ago that he had sold his shares of Northview Apartment Real Estate Investment Trust (NVU.UN) and I did the same. NVU.UN had been in my TFSA for a little while now. Thanks to Derek Foster, I made a nice profit of $2 561 by selling Northview Apartment Real Estate Investment Trust (NVU.UN). And the best thing being that I made that profit inside my TFSA portfolio, so it's a tax-free profit. Since the TSX was down, it was a too good occasion not to invest in anything, so I invested back the money in TMX Group Limited (X) and in some Royal Bank of Canada (RY).

On top of everything, this past Friday was payday, and I decided to add a little something for my non-registered portfolio. I invested in a few shares of Rogers Communications Inc. (RCI.B). I might proceed with a contribution in kind for my TFSA with that one, especially since I didn't make any TFSA contribution so far in 2020, which is a real shame, but it is at it is. It was important to me to invest a couple thousand while the stock market was all the way down.

Also this past Friday, while seeing the TSX going under the 16 000 points, I quickly transferred what I had available in cash, coming from my credit lines, to help cover up my margin debt. It was a desperate measure, trying to secure everything. One of the reasons why I published a portfolio update this past weekend was to have an idea on how much money I had lost. And it happens that I had lost over 20k, with a net worth of $235,284.72.

Today, the TSX recovers. My non-registered portfolio closed today session at $118,761.75, my TFSA portfolio at $85,400.35 and my RRSP portfolio at $47,813.91. I suspect my net worth to be in the $240 000. I should be able to hit on my highest net worth ever ($257,187.44‬) sometime in 2020.

1 comment:

Spock said...

Hello,

I am on the other hand accumulating NVU units. I sold on the news of the buyout and I think the deal is going to go through. The stock has come down partly because of its weight in BMO REIT ETF (ZRE - almost at 5.5 or 6%). As ZRE has collapsed they have to sell of the stocks within the ETF And NVU is one of them.

Buy now - collect the dividends till September and assuming the deal goes through you can sell out at $36.25

Just my opinion

Live long and prosper

 

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