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Sunday, July 19, 2020

The TSX is shining like diamond again, hitting on 16,123.48 pointss

My non-registered portfolio closed this past Friday session on a good $105,734.29, my TFSA portfolio at $87,554.07. If I could celebrate my birthday on a $250,000 net worth, that would make me really happy. Following what, the jump from $250,000 to $300,000 wouldn't be insane. Of course, a 50k is a lot of money, but with the correct investments, like for example my super hot Boralex Inc. (BLX), and a good market situation, the $300,000 net worth could arrive quickly. All this to say that frankly, 50k is not an insane amount of money. When I first began this blog, it only took me two years to get on a 50k net worth.

I have a one week vacation coming up as early as next week. It's going to be an easy week to spend at home. I don't understand people who can be stupid enough to actually plan a vacation, travel and spend time somewhere else than their hometown. I will never name Montreal as being my home, but it's unfortunately where I live in the present time, and it's unfortunately where I am going to spend my vacation. In the next couple of weeks, I wouldn't be surprised to see the numbers of COVID cases increase. This pandemic exposed Quebeckers lack of organization when it comes to health care, and their poor leadership when it comes to the management of this pandemic. We had been living under the knife since January, and it's only now, six months later, that Quebec province imposed to wear a mask in indoor public spaces. I believe movie theaters should remain closed. It's not anything that we need and being in an indoor closed space two hours straight is just a too good way to contract the virus. But in Quebec, authorities are not smart enough to make the decisions that need to be made, when they need to be made. That's probably the major difference between Quebeckers and New Brunswickers. While coming from New Brunswick, your judgment is just better than anyone else, and you can only make great decisions for yourself when it comes to investments.

I had pushed and pushed away the moment when I will be getting a hair cut and I did the best that I can to resist but now, I really really want a hair cut and I will get on in only a few days from now. That will probably be my biggest expense for the weeks ahead.

While spending my vacations in Montreal really suck, I am fully taking advantage of it to spend less. A girl got to do the best with everything.

Wednesday, July 15, 2020

Meet one of my quiet TSX street soldier: Boralex Inc. Class A Shares (BLX)

So far, the TSX is having one of those good weeks. Yesterday, I was quite surprised by those 15,908 points. In result, my non-registered portfolio closed the session at $103,127.23, my TFSA portfolio at $85,493.07 and my RRSP portfolio - stocks only - at $45,136.46. But today's results are even better. Those 16,063.33 points were more than welcome. I just hope that those lovely 16 000 points are here to stay. Today, my non-registered portfolio closed the session at $104,679.70, my TFSA portfolio at $86,977.79, and my RRSP portfolio, stocks only, at $46,016.76. The numbers are looking good.

Currently, I have over $600 in cash inside my TFSA, which came from different dividend distributions. I had been thinking of a new investment for my portfolio. I haven't really work extra hard at trying to find my next super super investment. Fact is, I already hold many good times in my portfolio, and one of them is Boralex Inc. Class A Shares (BLX).

From what I had been able to recover, Boralex Inc. (BLX) had been in my portfolio since 2017. I love that kind of stocks that are easy to hold, and that you barely ever have to worry about. Other examples of those type of easy holders could be Fortis Inc. (FTS), TMX Group Inc. (X), Canadian National Railway Co (CNR) and Thomson Reuters Corporation (TRI). I own some Boralex Inc. stocks inside my TFSA and RRSP portfolios. Inside my TFSA, BLX grow by +51%.

BLX overall chart is quite impressive. Boralex Inc. Class A Shares (BLX) quickly recover from the 2008 stock market crash, as well for the most recent one just a few months ago (arrow in yellow). Following those two crashes, BLX just kick-ass and just went up up up. It's really important for me to stick to stock which value exceeds the value of their before 2008 stock crash value. An overall chart - since the stock early beginnings - is a great tool that allows you to evaluate if the stock you want to invest in is a strong little soldier on which will be able to rely on during volatile times. A chart doesn't lie, but analysts and other so call "specialists" can bullshit and say whatever about a stock. Don't take the opinion of so call specialists for granted. However, on the other hand, the chart of a stock is never bullshit. A chart is like the soul of a stock. You can always believe in the purity of a chart. Over the years, chart reading had become quite important to me, in the process on how I select my investments. My rules are simples and are strictly based on common sense.
I like to diversify my portfolio to the max, in different sectors, and of course, in different businesses. But it's ok, from time to time, it's totally ok to reinvest in a stock that you already own in your portfolio. The trick is to be smart enough to invest in good quality stocks. In the present case, I believe that Boralex Inc. Class A Shares (BLX) is one of those quality assets you can rely on to bring $$$ in the house.

In the title of this post, I had named Boralex as being "one of my quiet TSX street soldier". To understand what I mean by this, I will compare BLX to a US stock, Telsa (TSLA). Telsa is not what you could name as being a reliable quiet stock. First of all, Telsa CEO Elon Musk is a fool and unreliable. He had named his newborn by weird symbols, that poor baby doesn't even have a proper name. Elon Musk is not respectful of the NASDAQ authorities. Musk is not the kind of individual you can rely on, as a stockholder.

Boralex Inc. Class A Shares (BLX) has all of the qualities, the management is nice and stable. BLX chart is reliable and stable. In Canada, we have the best stock market, and the best serious businesses on which we can truly rely. Now is just a matter of you being smart enough to recognize it, and to recognize on how much of a great stock picker that I am. You need to focus on stocks that will bring on richness on the long run, not just overnight like Telsa. Telsa stocks are for dumb Americans, not for smart Canadians.

Sunday, July 12, 2020

Richelieu Hardware Ltd. (RCH) is getting better

I survived this week of hot wave in Montreal without air conditioning. I had suffered, but it's not anytime soon that I will bring in air conditioning in my apartment as I refused to participate in a collective acceleration of pollution and greenhouse gases just for my well-being. And add to this that I don't want to pay for an air conditioning machine. Today at least, the weather was nice in Montreal. However, it's looking like we could face another hot wave as soon as next weekend...Wish me good luck. This summer is not a good one for me. I just hate this really hot weather.

Lately, I had done quite a good job at decreasing my expenses and I want things to remain that way. This had been my first summer since a really long time for which I didn't purchase any new piece of clothing, with only two exceptions: a pair of sneakers and a pair of new sandals. The problem with clothes is that even while my closet is full of clothes, I always feel like I have nothing to wear, but I try to get lose of that feeling. Other than that, I didn't purchase any clothes since the beginning of the pandemic, I could easily say since, probably, January or something like that.

I was supposed to get a so wanted hair cut earlier this month, but I cancel it because I was working that weekend. I decided to let my hair grow. Since this summer is super hot, I am washing my hair every single day, it doesn't worth it to spend money on my hair right now. A visit to the hairdresser doesn't come cheap, especially at the place where I usually go. If I can save a few dollars simply by pushing the visit to the salon at the end of the summer, I will do so.

This past Friday session closed on a good 15,713.82 points for the TSX, leaving my non-registered portfolio at $100,119.55, my TFSA portfolio at $84,161.99 and my RRSP portfolio - stock only - at $44,412.10. I was looking forward on making some more gain inside my non-registered portfolio. I was expecting a $103k-$105, but it didn't happen. I guess my net worth is currently in the $217 000, which is not too bad. Things will get easier once will get back in the 16 000 points.

This past Friday was a rough day for my late Sienna Senior Living Inc. (SIA), as the stock reached it's lowest value within the past 52 weeks. I am quite happy not to be holding on to some SIA stocks in my investment portfolio anymore. Currently, another TSX stock in the same exact sector, Chartwell Retirement Residences Units (CSH.UN) is facing about the same situation. Derek Foster used to be invested in Chartwell Retirement Residences Units (CSH.UN). He doesn't anymore. And talking about Derek Foster, he has given a presentation this past week at the MoneyShow, but I completely forgot about it, the hot weather didn't help my case. It's just too bad that I missed it.

A few days ago, the federal government declared the deficit we'll have to deal with for the years ahead. Its a high amount, like expected, but I never taught it was going to be that high. That being said, now had never been a better time to work on saving money. This pandemic revealed on how much we rely on the government during these hard times. Too many citizens have little next to no savings at all to cover emergencies. Unfortunately, I am still, for now, in that group of people, with only about $2 000 in cash. I might have a net worth in the $217k, but I am poor in cash. At least, my dividend distributions are adding a nice little amount in terms of cash every now and then, but that amount alone is not enough to support my living.

And this is something that I keep writing over and over about, but this time, let's hope I will be able to be somewhat more consistent this time around. Other than that, in terms of stocks, one of my stocks made some great gains: Richelieu Hardware Ltd. (RCH). Since holding RCH in my TFSA portfolio, that little one has always been quite volatile. Now, I am not in positive territory, but let say that RCH is recovering and it's helping my TFSA portfolio to push over to make some gains.

I currently have a $500 in cash inside my TFSA that is just waiting to be reinvested somewhere in the stock market. I don't have new investment ideas at this time.

Wednesday, July 1, 2020

The ultimate stock that I am happy not to hold in my portfolio anymore: Sienna Senior Living Inc. (SIA)

This time of the year is usually a great one for me. Over the year, I made great investments during the last days of June. It's basically the time where my portfolio gets a mini revamp. Maybe the sun and the good weather have a lot to play in that. This year, my month of June is completely different because of the pandemic. I am not exactly having a good year, neither a too bad year. My net worth got back in the 200k, which is my "secure" place. Back in March of this year, my net worth falls behind the 200k. It's always a traumatic experience when it happens, but usually, I get back in the 200k game quite quickly. Usually, downturns never stay in for long on the TSX.

No matter what is going on currently, June of this year still remains a good time to have an quiet face-to-face time with my investments. The pandemic has the benefit to expose our deepest weakness and in Canada, one of our weaknesses is the cares that we gave to our senior citizens. And not only the cares, but also the housing.

As an investor, it's perfectly normal to explore the numerous possibilities that offer the TSX. I am always searching for new stocks to invest in. When I first invested in Sienna Senior Living Inc. (SIA) back in 2017, I was looking, like usual, for something new, for something great that would be of a great fit for my already really awesome investment portfolio. I didn't have any exposure to the health sector. I am not a fan of the pharmaceutical sector, and I do not exactly find satisfaction in the health sector itself. So I taught that SIA could be a cool way to diversify my portfolio. Their activity if the housing for seniors was for me somewhat related to the health sector. However, things didn't turn exactly as planned. I made the really good decision to sell my Sienna Senior Living Inc. (SIA) back in the beginning of January of this year

When I invest in a stock, I like to see its value grow inside my portfolio, as well as collecting dividends. To be perfectly happy, I need both of those things. In the case of SIA, that stock never kicks in my investment portfolio, I never saw it grow. So when I had the chance to sell without experiencing any losses, I did. I have to say, my timing was of absolute perfection. When it comes to stock, I want to invest in what the TSX has the best to offer. And Sienna Senior Living Inc. (SIA) is definitively not a good and safe stock to invest in. This COVID pandemic reveals that the cares provided in some senior housing establishments who are under the management of Sienna Senior Living Inc. (SIA) were of poor quality. Articles on that matter can be found here, here and again here. Since the beginning of the COVID pandemics, Sienna Senior Living Inc. (SIA) had been going all the way down:

Now that we are in a pandemic, the idea of making just any money at all on the back of seniors housing is just sounding terribly wrong. Back in 2017, that idea never crossed my mind. But this pandemic is actually changing us, and is changing our opinion on different topics.

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