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Thursday, July 7, 2022

One good investment idea from Derek Foster: Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A)

Yesterday, at some points of the day, my stocks portfolio was under -$2,000. Fortunately enough, my stocks portfolio closed that bad day with only a -$374.37 loss (-0.135%). Today was a much better day for the TSX. My stocks portfolio gained over $4,500. My non-registered portfolio closed the day at $140,339.22, my US portfolio at $4,795.47 US, my TFSA portfolio at $118,031.98, and my RRSP stocks-only portfolio at $63,722.65. At the present time, I estimate my net worth to be in the $327,000. 

Today, Derek Foster published a newsletter, exposing his recent stock investments. I hold many of his newest investments: LNF, BAM, CAR.UN. I never had a huge interest in LNF, but with today's newsletter, I understand better why Derek Foster invested in that stock. In my RRSP portfolio, LNF is on a +1,04%. At least I am not experiencing a loss on that one. Inside my TFSA portfolio, Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A) is a +35.90%, and Canadian Apartment Properties Real Estate Investment Trust (CAR.UN) is on a +62.87% gain. I wouldn't invest more in CAR.UN or any REIT-related investments at this time, but I certainly see myself investing more in Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A).

Yesterday, I should have invested in Freehold Royalties Ltd. (FRU) because today, FRU gained over 10.38%. I am pretty sure another time will come, the TSX being all over the place these days. It's not a fun time, but I think the market will recover, even if it could take time, and even if we have to go through a recession before it gets better. I think the easiest way to go through this is to have the spirit of a long-term investor and to invest in quality stocks and keep in mind it's for the long run.

I had done so since I started investing in stocks 14 years ago and back in April of this year, I was on my highest note, in the $360,000. Over time, even if you invest small amount of money at a time, it's possible to turn small amount into more sustainable ones, but at the condition to invest in quality stocks. I think BAM.A is one of those stocks you can rely on for big bucks and reliable dividend distributions.

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