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Thursday, December 9, 2021

Welcome in my RRSP portfolio Pender Growth Fund Inc. (PTF)!

I had a small amount available coming from dividend distributions leftover inside my RRSP portfolio, so yesterday, I decided to invest that little sum in Pender Growth Fund Inc. (PTF). Unfortunately, PTF doesn't pay a dividend distribution. I only invest tiny little money in Pender Growth Fund Inc. (PTF), but I am happy with the investment anyway. I really like PTF because its overall chart is just too hot, all the way to the top baby. Also, Pender Growth Fund Inc. (PTF) brings on a nice diversification to my portfolio. I do not hold to anything in the tech sector, but I do now, indirectly, with PTF.

Inside my RRSP portfolio, PTF closed today's session on a little gain of 0.56%. It's quite encouraging no matter how little is the gain, knowing that the TSX closed today's session under the marvelous 21,000 points. 

It's hard to watch, but it's during a downturn that you need to invest your bucks in the stock market. Luckily enough, I am going to end the month of December with something like $4,500

Just like for Hammond Manufacturing Company Limited Class A Subordinate Voting Shares (HMM.A) in which I invested in just a few days ago, Pender Growth Fund Inc. (PTF) is well ranked in Stockopedia. I like to browse here and there from time to time on Stockopedia once in a while. In the past, I had found many of my best investments on Stockopedia. Like for example Cargojet Inc. (CJT) - who's among my top performers, as well as Park Lawn Corporation (PLC) and Richards Packaging Income Fund (RPI.UN), just to name those three. 

I frequently write about my investment ideas and the new stocks that I invest in using the Stockopedia platform, but no matter what, you may like to try it for yourself to see what it's all about. You never know, you might be able to find your next pot of gold using Stockopedia. If you are interested in Stockopedia, please click here and use this link to register for a 14-day free trial, 30-day money-back guarantee. By using my link, you'll encourage the writing of this blog and at the same time, you'll allow me to earn a discount on the cost of my annual subscription to Stockopedia. I think you should start using Stockopedia in 2022 :-)

Since I recently paid my Stockopedia subscription around 2 weeks ago, I was in the mood to do some browsing on the platform. Other than Pender Growth Fund Inc. (PTF) and Hammond Manufacturing Company Limited Class A Subordinate Voting Shares (HMM.A), I came across a few interesting stocks. When I am in a mood to find new stocks to invest in, I sometimes have a facility to find great stocks on Stockopedia. When I spotted HMM.A and PTF during the same evening, I knew I was in for more new interesting findings, and so did I. Sometimes I won't be able to get into any search at all, because I am sometimes too tired during the evening, it happens from time to time.

I am just quickly putting in here the stocks found and I will write in another post my impressions about those new findings:


Other than that, I previously wrote that I was looking forward to invest in Empire Company Limited Non-Voting Class A Shares (EMP.A). I may do so in the future, as a small investment, but I recently heard on BNN Bloomberg that EMP.A was not receiving really good reviews from analysts so I kind of changed my mind about EMP.A.


Anonymous said...

I have never heard of this fund before. What is the mer?

Anonymous said...

What is the mer on this fund? What companies do they invest in?

Sunny said...

Good question!
I don't know actually. It's not clear for me.
"Management Expense Ratio (“MER”) was 3.12% for the quarter ended March 31, 2021, down from 3.55% over the same period in the prior period, primarily due to the fact that the increase in the average value of Net Assets was proportionately larger than the increase in expenses."

So MER could be of an annual 12.48%... Now we understand why that info is not clearly exposed...
But maybe I am wrong...


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