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Tuesday, November 30, 2021

Welcome again in my RRSP portfolio Bank of Nova Scotia (BNS)!

These days, it's looking bad for stock markets, and not only for the TSX. Obviously, the value of my different investment portfolios is down. My non-registered portfolio closed today session at $131,014.59, my US portfolio at $4,320.99, my RRSP portfolio - stocks only - at $61,902.58 and my TFSA portfolio at $124,076.43

A stock market "correction" is never fun to watch, but this kind of event occurs from time to time. Unfortunately, it's part of the game while investing in stocks. Over time, you'll eventually get used to it. Those corrections are part of the reason why it's important to keep a portfolio diversified in different sectors, different companies, and also, it's part of the reason why it's nice to always have a cash reserve available on hands when the price of stocks drop like that. I currently have a cash reserve, yes, but that money means to be my only savings. Now you understand why I don't have much in savings... Just too many occasions to make nice bucks over the TSX.

I would like to put in a 2k inside my Canadian margin account to help secure it. I have a debt of 48k on my margin account. I think I will be able to do so because this upcoming Friday is payday. I am also thankful that I was smart enough not to buy anything on Black Friday or Cyber Monday. 

I had a few dollars available in my RRSP, enough to buy one extra share of Bank of Nova Scotia (BNS), so I taught, why not? I am enjoying National Bank Direct Brokerage's $0 commission fee to the max. What National Bank Direct Brokerage is offering to Canadian investors is quite a huge deal. I can now invest whenever, no matter how small the amount of money that I have at my disposal, and that's quite awesome. This is how basically I built my investment portfolio, by investing from time to time. But now, what's new is that I can invest whatever amount I want because commission fees how now have no impact on me, thanks to National Bank Direct Brokerage. The single thing that I really dislike about National Bank Direct Brokerage is that they don't show the investment portfolio's value in real-time but that's a small inconvenience for a $0 commission fee so I live with it.

We were expecting it, however, it's always fun when it officially announced: Bank of Nova Scotia (BNS) increased its dividend distribution! BNS is the first Canadian bank to announce a dividend increase. It's being expected that all the other Canadian banks will follow the lead this week! So get ready for dividend good news all week long! This is basically Christmas before Christmas! :-)

And guess what, I hold more than just Bank of Nova Scotia (BNS) in my very marvelous portfolio. I also hold on to some Canadian Imperial Bank Of Commerce (CM), Toronto-Dominion Bank (TD), and Royal Bank of Canada (RY) shares. Canadian banks are easy to hold and quite profitable. It should be included in any individual's investment portfolio while investing in other sectors as well.

With today's BNS dividend hikes, my annual dividend income is now set at $10,657.97. My dividend income, excluding the dividend earned inside my RRSP, is now at $8,962.61, the equivalent of $746.89. This dividend income of mine is slowly beginning to show off some real bones. We are now in serious business. With the upcoming dividend increase for the other banks I own, I should be at least on a $750, and certainly more, but it's hard to tell.

While enjoying great news for my dividend income, I received earlier today some price alerts coming from my Yahoo Finance application for a few of my stocks which go as the following: 

K-Bro Linen Inc. (KBL): reached  52 Week low at $33.88
TFI International Inc. (TFII): down 4.94% to $128
LifeWorks Inc. (LWRK): reached a 52 Week low at $25.05
Saputo Inc. (SAP): reached a 52 Week low at $28.69

Other than that, today at BNN Bloomberg, Ryan Bushell Top picks included all stocks that I have in my investment portfolio: K-Bro Linen Inc. (KBL), Pembina Pipeline Corporation (PBL), and New Flyer Industries Inc. (NFI).

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