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Monday, May 9, 2022

OH no, the TSX closed today session below the 20,000 points... and better news

The TSX closed this past Friday session at a low 20,633.28 points, but it didn't stop my stock portfolio from gaining over $2,000. Those gains were certainly more than welcome. My non-registered portfolio closed the session at $147,000.11, my US portfolio at $4,978.69, my RRSP stock only portfolio at $65,112.38, and my TFSA portfolio at $124,915.03 (that was on Friday). But today was a whole different story. 

These days, I am pretty busy at work so I don't listen to BNN's The Open, even if I could but I prefer to just be in a quiet mode. And the current state of the TSX is not helping my case to show off any interest at all. On top of that, spring is slowly coming in New Brunswick. For the past couple of days, the weather had been extra nice, making it super easy to reach my 10,000 steps a day, which I usually exceed these days. Basically, everything is so great right now that I want nothing to do with the shitty stock market - but unfortunately, while being almost 100% invested, it's just too hard to simply ignore what's happening for the TSX. I just can't even if I want to.

Yes, we are currently under the 20,000 points, my stock portfolios registered a loss of over $8,000 today - but it doesn't stop some stocks of mine from proudly announcing some dividend increase. This past Friday, Telus Corp (T) announced a dividend increase. Today, it was Suncor Energy Inc. (SU) that announced a dividend increase. With all of those increases, the dividend earned inside my non-registered and TFSA portfolio is now exceeding by a bit the $770 per month, which is very good.

My broker, National Bank Direct Brokerage - was in the news today with this. This was the single occurrence that I had been able to find regarding that news. Basically, if you have at least $100,000 invested in stocks in a non-registered portfolio with National Bank Direct, you can let them borrow your stocks - at no fee and with a 100% guarantee that the stocks will remain yours - to other institutions and gain interest on the stocks loan. WHERE DO I SIGN? :-) National Bank didn't have the courtesy to offer me their program yet, and it's just not being announced anywhere so far, with the exception of that Richard Dufour's article.

Today, my non-registered portfolio closed the session at $143,023.04, my US portfolio at $4 995,60, my RRSP portfolio at $64,402.85 and my TFSA portfolio at $121,569.71.

Tomorrow, be sure I will be watching the TSX at the opening, no matter how busy I may get.

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