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Sunday, September 13, 2020

Proudly paying down debt on a rainy day in Montreal

It ran a big part of the day here in Montreal. Since wake early, I was able to go for a little walk, but soon after I stopped at a coffee shop, it unfortunately started raining and it only stopped around 6 pm. More than Montreal, California would certainly had need all that rain.

The TSX closed this past Friday session in the 16 200 points. The way we were going not too long ago, it was like the TSX was about to pop up majestically to the 17 000 points, without too much problems... but no. Volatility in this market is extreme and it's surprising every time, but the only good things is that over time, you suddenly get it, it's part of the game. And it's a real dirty one. This past Friday, my non-registered portfolio closed the session at $104,063.67, my TFSA portfolio at $88,670.37 and my RRSP portfolio, stocks only, at $48,005.82. The number are not too bad, but to remain in in a similar state, I need just one thing: a TSX in the 16 000 points, and more, if possible.

Many of my most recent investments are doing quite well. With Power Corporation of Canada Subordinate Voting Shares (POW), I am on a gain of +12.36%; with Telus Corp (T), a gain of +4.33%; and with Metro Inc. (MRU), a gain of +2.49%. Among other goods news, my $4,800 credit line debt had now decreased to $3,221. I am working hard to pay it all by the end of November. Meanwhile, I am having an interesting time reading the comments post in my previous post. Being read or not, it's not something that is really important for me for many reasons. With all the too good investment picks that I provide for free, I prefer to be read by just a few. Every time - because this is not the first and probably not the last time - that I received a comment saying something like, I won't read your blog anymore... It's quite hilarious. I am not the one who's losing from this, only the reader who doesn't want to be a reader anyone is.

When it comes to Li Ka-Shing, questioning where is coming the wealth is completely legitimate. It's not because you can find the bio of the individual online that nothing is missing in it. I have no trust in Li Ka-Shing. I don't think that any Asian can possibly reaches a high level of richness without being involve in such form of crimes or with the mafia. When a rich Asian like Li Ka-Shing decided to invest his bucks in a Canadian business like WELL Health Technologies Corp. (WELL), it's your job to worry about the bad consequences that such involvement can have on the stock. When it comes to your money, you should always worry and only invest in extremely high quality stocks on which you can totally rely on.

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