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Wednesday, April 27, 2022

Shopping the TSX for bargain stocks

At the opening today, the TSX shyly entered the 20,700 points. This rebounded was certainly not extraordinary, as I was expecting much more gain. At least, we didn't spend the day in the red. Even while the TSX gain a bit of point, it seems like our bank stocks were quite note reassure by today little gain. 

I kept watching Bank of Nova Scotia (BNS) and a few other stocks, but guess what, they keep going down! So I prefer to wait, in case it goes even lower. The best I can do while dealing with those bad conditions is to at least shop for deals. Bank of Nova Scotia (BNS) close today's session under the $82 value per share. I think it could go a bit lower. I have also been looking into Power Corporation of Canada Subordinate Voting Shares (POW). What I am looking for are bargain stocks that pay a sustainable dividend yield.

My non-registered portfolio closed today's session at $142,208.55, my US portfolio at $5,051.49, my RRSP - stocks only - portfolio at $66,319.47, and my TFSA portfolio at $126,129.57. As you can imagine, many of my stocks are on a lower note these days. Some of my stocks are going better than others. Stocks like BCE Inc. (BCE), Rogers Communications Inc. (RCI.B), Telus Corp (T), Thomson Reuters Corporation (TRI) and many others had remain quite stable in my investment portfolios. One of my investments that remain quite solid is JFT Strategies Fund Class A Units (JFS.UN). These days, JFT Strategies Fund Class A Units (JFS.UN) value remains really stable, which is a must during volatile times. 

I could certainly say that now more than ever before, I appreciate JFT Strategies Fund Class A Units (JFS.UN).


pattirose said...

Tardiff was on BNN today.

Sunny said...

Thanks for sharing Pattirose, I didn't watch BNN this morning, I missed Tardif, but I am now watching it. When the TSX is playing rough I take my distance from the stock market, media, and stuff.


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