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Wednesday, March 9, 2022

Welcome in my investment portfolio Intertape Polymer Group Inc. (ITP)!

I finally did it!!! A couple of days ago, I had sent all of my taxes paper so my tax income declaration can be quickly done and completed. It should be done within the next 5 weeks. It's actually around $6,500 that I invested in my RRSP for 2021. It's quite a big amount knowing it represents a monthly contribution of $541.66. I haven't invested that much in my RRSP for a very long time. Now that I have a net worth in the 300k, it would be a bit strange not to push over in the RRSP contribution field in order to get a little tax break that I obviously truly well deserve. With inflation going on, I had been extra careful with my expenses, but if I can get back a bit of money, it would be fun.

I taught we were done with the snow, but yesterday morning when I woke up, it was absolutely a monstrous scene! My father took care of the highway, I was working, I couldn't contribute this time. But I am the one who takes care of the side of the house, which I haven't been able to complete yet. It doesn't matter if it's not done right now, but I prefer to clean it and removed most of the snow, for security reasons and for personal satisfaction, which is really important. I only clean one side of the house that leads to the balcony. I have cleaned it all winter long so there's not a lot of snow there, just the snow that we received yesterday. I will try to get some pictures and I will add them in here later on. Wintertime is complicated in New Brunswick and it gets even more complicated for elderly people, who have to get the highway clean and have to watch for the roof, which also need to be taken care of from time to time - unfortunately. This means that you basically have to remove the snow from the roof.

Spring is coming, but slowly. I notice that days are now longer. I finish my day of work at 6 p.m. and I had started noticing that it's now not completely dark once I am done with work. It's been a long winter, making it difficult to enjoy the outside. Because of the COVID situation, I haven't gone to the gym or anything like that while being in New Brunswick. So let's just say that the "vacation" money that I had but away monthly in my budget will probably get all blown up once I hit back Montreal... Right now, I am just in need of doing a bunch of activities, and whatever ones. Maybe it's the reason why I got crazy yesterday. Let me explain... (It involved me and my margin account, amount other!!).

Yesterday, while reading this, don't ask me why, but I got super excited and I just jumped in, I invested in Intertape Polymer Group Inc. (ITP) because it was trading a bit below behind the $40.50 per share for which Clearlake Capital Group LP is going to buy ITP. Clearlake Capital Group LP doesn't seem to be anywhere to be seen over the TSX, so I guess that once Clearlake will buy ITP, there will be no more Intertape Polymer Group Inc. (ITP) trading over the TSX. I made a small investment on ITP inside my TFSA portfolio, and I made a bigger one - but nothing much - using margin money - over my non-registered portfolio. ITP will remain over the TSX for a little while, so in the meantime, I will be able to enjoy its dividend.

Today, the TSX registered good results, closing on a satisfying 21,493.23 points. My non-registered portfolio closed the session at $145,382.76, my US portfolio at $4,769.73, my RRSP portfolio at $66,339.68, my TFSA portfolio at $129,340,33.

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