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Friday, October 29, 2021

Welcome in my RRSP portfolio Suncor Energy Inc. (SU)!

Yesterday, since I had a little amount available to invest inside my RRSP portfolio, I decided to invest in Suncor Energy Inc. (SU). Do I really need to tell you that I was motivated by the fact that Suncor Energy Inc. (SU) made a good decision: they double the amount of their dividend distribution! 

I was expecting Rogers Communications Inc. (RCI.B) to lose much more on value. I have to admit I was hoping to buy some Rogers Communications Inc. (RCI.B) shares at something like $50 per share, but it didn't happen. I was able to buy some RCI.B shares at a good price on October 25, but after that, Rogers didn't go down drastically.

Since yesterday, my really small investment made in Suncor Energy Inc. (SU) gains +5.37%, which is really good. Vanguard Russell 1000 Growth Index Fund (VONG), which I hold inside my US portfolio, is another investment that I made not too long ago and on which I had made already great gains: +7.46%. Just like for Suncor Energy Inc. (SU), Vanguard Russell 1000 Growth Index Fund (VONG) was another really small investment of mine. This is just an advantage that provides a very enjoyable zero commission fee with National Bank Direct Brokerage. Instead of having to wait and have a good amount available to invest, I can simply invest in a share-by-share mode if I want to. 

I can invest a really small amount of money at any time. I no longer need to worry about the commission fees. Since my commission fees with National Bank Direct Brokerage are of a big $0, I can invest in whatever I want when I want it, and the best thing of all, it doesn't matter how little the investment made is, because I don't pay any commission fee. This is exactly what I wanted to get so badly when I switched broker from TD Direct to the National Bank Direct Brokerage. It's complete freedom, a liberty that in the long run could be worth gold. This is really important for me because this is exactly how I built my portfolio over time, by investing small amounts of money over time, and 15 years later, tadamm... I have a +$330,000 net worth. 

At first, after 15 years, a 300k net worth doesn't seem that much. I agree. However, now more than ever, my portfolio grow more easily. It was only in May of this year that I reached my first $300,000 net worth and only 6 months later, that $300,000 jumped to $336,000. The TSX is at a really good place right now and it's important to take advantage. The only way to take full advantage is to invest in quality stock. With the TSX, we never know what can eventually happen, but I like to think that my first $400k net worth is no more out of reach.

I am currently working on a really complete and detailed post on which I recap my experience switching brokers from TD Direct to National Bank Direct Brokerage, I have a lot to say. But if you want to know now, overall, everything went really well. If you are smart and want to take advantage of National Bank Direct Brokerage's $0 commission fee, my best advice will be: GO FOR IT. Switching broker for National Bank Direct Brokerage was as easy as switching my New Brunswick health card to a Quebec one (I have done that too, but a long time ago :-). Really that easy breathy.

Today, my non-registered portfolio closed today session at $136 991,25, my US portfolio at $4 350,28, my RRSP portfolio at $61 728,36 and my TFSA portfolio at $129 683,74. I don't know if you had noticed, but I forgot to put PFB Corporation (PFB) inside my TFSA portfolio. I had just updated my portfolio page. However, I didn't forget about PFB Corporation (PFB). I invested in PFB Corporation (PFB) back in August of this year. Fact is, I wanted to add PFB to my portfolio for the longest time! But as soon as I added PFB Corporation (PFB) to my TFSA portfolio, immediately after, PFB began to lose in value... It wasn't fun to watch. However, lately, PFB Corporation (PFB) had caught up. I began to see PFB on its brighter side and it began to be a good value stock. Currently, PFB Corporation (PFB) is on a +3,27% gain.


Anonymous said...

I do enjoy your updates so thanks for sharing....I am curious as to why such a large number (in my opinion of course) of stocks? Yes, its diversification but....and it takes money to make money....dividends and DRIPs make a real difference over time. Thanks again.

Sunny said...

Thanks for reading :-)
I will answer you in my next post, it will make a nice topic.
I get that question from time to time.

Anonymous said...

What do you think may happen with capital gains tax and the dividend credit? Will we be paying more tax on both soon?

Sunny said...

I don't think the Liberal party will increase tax on capital gains and dividends. It wouldn't play in their favor, the real rich people of this country wouldn't be too happy, and stop paying their contribution to the Liberal party.


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