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Wednesday, May 19, 2021

I find a brand new investment idea on Stockopedia: Stelco Holdings Inc. (STLC)

Please note that I had been writing on this post for the past couple of days, but haven't been able to finish it until now.


For the past couple of days, Montreal weather is just very awesome and I had been walking around, trying to do some physical activities while the gym is still closed. Believe it or not, I even wake up early. I try to walk for about 45 minutes before starting my day. I like this kind of spring weather, it's hot, but not too hot, and in the morning, the weather is perfect for runners.


With the TSX closing this past Friday with 19,366.69, I got good numbers for my investment portfolios, good, but not good enough to hit the $300,000. It's just not happening yet. My non-registered portfolio closed this past Friday session at $124,793.07, my US portfolio at $4,448.21, my TFSA portfolio at $115,363.34 and my RRSP portfolio - stocks only - at $57,143.00. My margin debt is at $48,096.95. My annual dividend income is now at $9.602, which makes an official average of $800 per month. That number includes the dividend earns inside my RRSP portfolio.


It hasn't been a good weekend for Bitcoin and Ether. And this Monday had been especially a hard one for Bitcoin. Ether is in a much better shape, but still down. However, this evening, both Bitcoin and Ether are showing signs of recovery. Today, the TSX closed on a good 19,474.65 points. My non-registered portfolio closed today session at $125,212.52, my US portfolio at $4,417.97 USD, my TFSA portfolio at $115,274.10 and my RRSP portfolio - stocks only - at $57,184.29. I was expecting my TFSA portfolio to be a bit lower because of the presence of Bitcoin Fund The Class A units (QBTC), Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B), and 3iQ CoinShares Ether ETF (ETHQ).


Following the value of Bitcoin and Ether is quite interesting because crypto trade 24 hours a day, 7 days a week. So while the TSX is closed, Bitcoin and Ether remain active. It makes something to look at. Currently, today on May 19, both Bitcoin and Ether are down. It not fun to watch. I already have exposure to Bitcoin and Ether via those funds I already name, and I am not looking forward to extending that exposure more than it is now, even if Bitcoin and Ether had become cheaper. And I am not looking to sell those investments for now. It's kind of scary to see how things are right now for crypto, but believe it or not, today I was quite busy and I only had time to take a quick look at the TSX and crypto and I was so disturbed that I just ignore the whole situation and barely look at my investments all day. And at a point, I had to stop listening to BNN's The Open at one point this morning so I have no idea of what Amber and Jon said today.


In my opinion, the best way to deal with a market downturn is just to ignore it. The TSX had done better than expected and closed today's session at a good 19,417.03 points. At some point during the day, the TSX was losing something like 200 points! 200 points are nothing compare to what cryptocurrencies experimented with as losses today.


In the long run, because of the presence of many funds like Bitcoin Fund The Class A units (QBTC), Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B) and 3iQ CoinShares Ether ETF (ETHQ) among others are involved in crypto and on which many people invest a lot of money, I don't know which direct/indirect impact can possibly have the crypto over the TSX. Fact that Bitcoin and Ether are down may lead eventually to some direct losses over the TSX value. I prefer to see the two worlds as being separated, crypto with crypto and regular market shit with market shit lol.


My non-registered portfolio closed today - May 19 - at $124,286.67, my US portfolio at $4,387.89 USD, my TFSA portfolio at $115,308.03 and my RRSP portfolio - stocks only - at $57,181.63. I hold all of my crypto fund investments inside my TFSA portfolio. I taught I was going to be in the 113k there, but luckily, I hit higher.


I recently made a great finding on Stockopedia, it's a stock that I never heard of before: Stelco Holdings Inc. (STLC). STLC's overall chart is really great. Fact is, I like industrial stocks like this. I don't know if I am going to invest in STLC.

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