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Sunday, January 9, 2022

What's next for my investment portfolio?

Those 21,084.45 points of this past Friday left my non-registered portfolio closing at $136,771.07, my US portfolio at 4,886.92 US, my RRSP - stocks only - portfolio at $65,034.43 and my TFSA portfolio at $125,034.67. At a point, I don't if you had noticed, but the TSX went under the 21,000 points this past Friday and it killed me. I don't like to watch disasters in real-time. Luckily enough, the TSX saved the day all by itself, closing a bit high than the 21,000 points.

Currently, I am trying to see what can be done in a better way. There's always room for improvement with an investment portfolio. Even if I find that mine is very very close to perfection, I want to have a sense of what's going in there. For a reason or another, the month of June is always very good for me, and more specifically around June 24, which is a Quebec holiday. I always had great success around that time of year doing some trading operations, selling-buying stocks, and thinking about my finances. January is also a great time to look over a bit deeper into things. 

For example, inside my RRSP portfolio, I have the following for a really long time:

Energy and Base Metals Term Savings (Indexed term savings)

Natural Resources Term Savings (Indexed term savings)

Those guaranteed investment certificates had now expired, leaving me with a bit over $1,100 to invest in something new, which I need to pick up. Also, a new year also means a new TFSA contribution. It's a new $6,000 that can be contributed over a TFSA portfolio, which represents quite a good sum of money

Over the years, I had used the "contribution in kind" system as a way to contribute to my TFSA portfolio. This is the main reason why I hold so many stocks inside my TFSA portfolio. It's because, over the year, I transferred stocks that I was holding inside my non-registered over my TFSA portfolio.

This is my way of doing it with the contribution in kind: I take stocks from my non-registered portfolio, and I transferred them "as is" over my TFSA portfolio. I learned the words "as is" just a few months ago while transferring my entire stocks investment portfolio from TD Direct over to National Bank Direct Brokerage. I try to pick stocks from my non-registered portfolio that are not experiencing an extremely good capital gain. It's because capital gain taxes need to be paid on stocks that you transferred from a non-registered to a TFSA portfolio.

At the present time, I only see one potential candidate inside my non-registered portfolio for a contribution in kind over my TFSA portfolio, and that's Saputo Inc. (SAP). My investment in Saputo Inc. (SAP) had been in my non-registered portfolio for quite a long time. I am on a capital gain of +17% on SAP. This specific capital gain represents less than $200. I am ok to pay a capital gain tax on this little sum. On the other hand, this, unfortunately, reveal that Saputo Inc. (SAP) is not a super performer, it's only an ok stock. I am however willing to keep in my portfolio because it brings on a bit of diversification.

Another thing I want to take care of is to switch the CIBC Emerging Markets Index Fund's units that I hold inside my RRSP portfolio for another CIBC mutual fund. I was thinking about CIBC Canadian Equity Value Fund.


drywall contractor said...

Happy I came across this blog. Are you trading within your TSFA? I'm very literally just starting to trade following different techniques I found on Instagram. But, regards to my question I've been told trading within your TSFA is a no no. Hope to hear back.

Sunny said...


Thanks for reading.

I don't actively trade inside my TFSA. I buy and sell here and there of course, but no heavy moves. I mostly invest for the long term.
If you plan to do active trading, you need to do it inside a non-registered portfolio.

You need to be careful with TFSA.
You cannot excessively trade inside your TFSA. If you do so, the Canada Revenue Agency will get back to you and you'll have to pay taxes on the trades performed inside your TFSA portfolio. So watch out!


Thank you

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