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Thursday, March 10, 2022

Reaching out my highest net worth value EVER: $349,713.01!

I am just so terribly close to the $350,000 - it's almost annoying!  

I could have made it to the $350,000 today if it wouldn't have been from New Flyer Industries Inc. (NFI). New Flyer Industries Inc. (NFI) had been in my portfolio for a really long time. Several years ago, NFI undergo a major restructuration. I have always been impressed by New Flyer Industries Inc. (NFI). This company knows how to handle itself. New Flyer management team seems to always be really proactive. And it's for that reason that today, NFI announced a cut in their dividend distribution. Following the announcement, New Flyer Industries Inc. (NFI) closed today's session at $14.99, -22.45%. Despite today's big losses, New Flyer Industries Inc. (NFI) closed today's session at +16,81% inside my non-registered portfolio. Tomorrow, NFI may experience a little rebound. Today market reaction was quite sharp and scandalous at the same time.

When a good company like New Flyer Industries Inc. (NFI) has the nerve to take the decisions needed to drive the business further, I admired that. I am a super of New Flyer Industries Inc. (NFI) and I am proudly holding it in my non-registered portfolio. 

The TSX can be a really rough place to be. In my opinion, it takes a diversified portfolio to be able to navigate through the chaos. I have a very good portfolio that just keeps going no matter what. Basically, this is what perfection looks like, you can always have a close look for yourself.

The TSX will probably remain sensible to the current situation regarding Ukraine. Right now, I am not under the impression that the effects will be hard on the TSX. With stocks like Pembina Pipeline Corporation (PPL) and Enbridge Inc. (ENB), I have strong exposure to the oil sector and this is helping me a lot. I am experiencing a lot of growth in many of my stocks. Some other stocks, like New Flyer Industries Inc. (NFI) are facing a bit more difficult time but I have gone through this before with NFI and I can say with confidence that NFI will be able to recover from this, this is just a fix-up situation that the management is handling gracefully by cutting their dividend. I am fine with that.

For now, I am just enjoying my fabulous numbers. It feels great to be on the  $349,713.01 net worth, but now I just want MORE. :-)))

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