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Monday, June 14, 2021

Welcoming my highest net worth EVER: $309,351.16

I just learn recently that Derek Foster oldest son had turn 20 and that he recently move out! I knew he was up for something of that kind. Good news for Derek Foster. But it suddenly makes me realize that I have 2 times the age of Derek Foster's older kid, as I am turning 41 in August... Not getting any younger, but not too old either way. In moments like those I simply take a good breath in, a good breath out, and there you go. No worries, I have many other things than my age to think about.

I updated again - my investment portfolio this past Friday, just to happily find out that my net worth is now at $309,351.16. 

The best thing is that today, on Monday 14, my non-registered, TFSA, and RRSP portfolios all closed on a slightly, but still, higher not. My non-registered portfolio closed today session at $129,500.49, my TFSA portfolio at $119,555.10 and my RRSP portfolio - stocks only - at $59,230.12.

In my TFSA portfolio, my crypto funds are still down, but I can see signs of recovery:

Bitcoin Fund The Class A units (QBTC): -$346.20 (-25.26%)

Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B): -$521.67 (-30.67%)

3iQ CoinShares Ether ETF (ETHQ): -$177.99 (-30.68%)

Despite those 3 bad numbers, my TFSA portfolio just wants to do one thing: hit on - soon enough - the $120,000 value. For now, I still don't mind holding on to QBTC, BTCC.B, and ETHQ, but I would like to eventually sell my units - at a profit of course - and reinvest the money in dividends payer stocks. But those would need to be somewhat of superior quality. What a girl like me who already has it all in her portfolio can want as new investment ideas? That's what you are going to find out right here in this post!

Other than my crypto funds, I would also like to sell at profit my shares of Tilray Inc (TLRY). I am not a fan of pot stock, and on top of this, TLTY doesn't pay any dividend distribution. I could eventually partly sell my investment in TLRY. For now, just like for my crypto funds, I don't mind holding Tilray Inc (TLRY) inside my TFSA portfolio.

I taught I was going to reach a 310k maybe for August, but it might come a lot earlier. At this point, I begin to believe that I may be able to reach a $330,00 net worth by the end of the year - or even a $350,000... As my portfolio grows, my dividend income is as well slowly growing. Currently, my annual dividend income is of $9,649.45. I would like to see that amount in the 10k. What I would actually like is to hit on an annual dividend income of $12k. A $1,000 per month in dividend income would be extra nice.

Personally, I try not to focus too much on dividend income. The most important for me remains the preservation of the amount of money initially invested and to have that same capital growth over time. The dividend comes as a little extra among the way that is always welcome. I find it dangerous for small investors to focus on dividends rather than on the quality of investments that are being held inside a portfolio. Many Canadian stocks offer a dividend yield of 6% and up, but a yield of 6% is extravagant. For me, it's quite clear that a business that decides to pay that much in dividend distribution should not be considered as a reliable one.

In my latest search for stocks on Stockopedia, I had found the following little beauties:

North West Company Inc. (The) (NWC)

With its over 4% dividend yield, North West Company is not new to me I used to have NWC in my TFSA portfolio. NW currently trades in the $35 per share, which is still affordable. Overall chart is almost perfection as you can see:

ATS Automation Tooling Systems Inc. (ATA)

I had notice ATA for a little while now. It has to do with what I name as being the industrial sector. ATA regularly figure in the top performers of the day for the TSX. Ok chart, but ATA doesn't pay any dividend distribution:

Hardwoods Distribution Inc. (HDI) 

At 1.31% the dividend yield is tiny, but still worth the look. HDI value skyrocket in the past year. (I tried to wrote va va vroom in the chart below :-)

PFB Corporation (PFB) 

PFB is not a stranger, I had found PFB on Stockopedia back in 2019.

Ever since, PFB had been a shining star. It has a dividend yield of a bit less than 2% and trade under $22 per share - which make it an interesting stock idea at a good price. Recently, Ben Hobson of Stockopedia wrote an interesting article concerning PFB Corporation (PFB), which you should be able to access right here.

Stelco Holdings Inc. (STLC)

I have a problem with Stelco's overall chart and for that reason, I may not invest in it, at least not now.

The other stocks that I had been looking over are: Empire Company Limited Non-Voting Class A Shares (EMP.A), Vecima Networks Inc. (VCM), Ritchie Bros. Auctioneers Incorporated (RBA), and Pollard Banknote Limited (PBL).

This time of the year is always a good one for me and I am usually able to come out with some new investment ideas. Who knows, I may be lucky enough to sell soon my investments in crypto funds. I still have over 14k left in contribution room for my TFSA. I may inject new funds in my TFSA to invest a bit in PFB Corporation (PFB).

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