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Thursday, February 2, 2023

Thanks to BCE Inc. (BCE), my annual dividend income is now at $12,130

The TSX closed today's session within a good 20,700 points. My non-registered portfolio closed today's session at $147,113.06, my US portfolio at $5,108.48 US, my RRSP stocks-only portfolio at $65,212.59, and my TFSA portfolio at $127 957,99. The difference between my non-registered and my TFSA portfolio is now less than $20,000, which is the amount I am trying to reach as savings. It's something quite interesting for me to watch. Currently, I have exactly $14,800 in savings. I am just missing over $5,000 before reaching the famous $20,000 in savings. 

It will take me probably until the of May before I can reach $20,000 in savings if everything goes as planned. If I think further, I may be able to reach over $30,000 in savings by the end of December 2023, and maybe even $35,000. It's not because of my domain name, but lately, I caught myself thinking that I would like to build up $50,000 in savings.

Thanks to BCE Inc. (BCE), my annual dividend income is now in the $12,130. It's been announced that BCE didn't meet analysts' expectations. I wasn't expecting a dividend increase coming from BCE for that reason, and I didn't very verify, but I was quite happy to learn that BCE was increasing its dividend. It's quite a generous move coming from that company. On the other hand, Rogers Communications Inc. (RCI.B) did very well, but they didn't increase their dividend distribution. Another stock of mine that announced great results recently is CGI Inc. (GIB.A). Unfortunately, GIB.A doesn't pay any dividend distribution. 

I used to be on Twitter, but since I haven't used the platform for many years, all my subscribers are now all gone... If you would like to follow me on Twitter, please do so. I am at @SunnyJNB. I plan to post on Twitter from time to time, you wouldn't like to miss my hot stock picks, don't you? @kyleliu_invest had been my first Follower on Twitter, and I strongly suggest you follow him as well. He's the Twitter user who built my beautiful chart. I follow back everyone willing to follow me. :-)


Unknown said...

HI, It has been over a year since you converted to National bank free commission brokerage. How do you feel about it to date? Are you still happy (other than the time delay issue)? I see National bank is on tv advertising their no commission trading and I am considering making the switch from BMO Investorline. Appreciate any comments Thank you

Sunny said...

I see that you read me well because I do complain from time to time about the time delay issue! It's something that is extremely annoying for me. Otherwise, I am very satisfied with National Bank as my stockbroker. Their platform is easy to use and you have all your documents online, including your tax documents, so nothing is being sent by regular mail, which I like.

If you have some questions that are not urgent to address them, but can send them an email inside your broker account and they answer quite quickly.

For the service over the phone, I suggest calling early in the morning because sometimes the delay before being able to speak to someone can be quite long, but nothing too outrageous.

The interest rate on their margin is really high right now. If you have a margin, that's something to look at. Here are the interest rates:

You won't be able to transfer money in real-time to your National Bank broker account unless you open a National Bank banking account, which I did because of my margin situation. If you open a banking account online like I did, you need to visit the National Bank closest to you in order to receive your banking card - I wasn't aware of this. I didn't care about getting a card but it's needed in order to proceed with some e-transfer. However, I didn't test yet any money transfer in real-time, but I am pretty sure it will work :-)

I only have good words for National Bank and I think the employees are happy there, there are good vibes coming from that institution, in my opinion.

Unknown said...

Thank you. Margin isnt an issue for me. But the transfer annually to TSF might be. I am rural NS so no NA branch near me. I will need to know how to put money into my TSFA. Much appreciated.


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