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Wednesday, May 31, 2023

All the Reasons Why I Love My Boyd Group Services Inc. (BYD) Stocks in My TFSA and Other Financial Stories

I left New Brunswick for Montreal last week. I was welcomed by an apartment that needed a deep clean after spending several months away and the weather was terrific. Montreal is as fun as always. Here, spring is well-advanced and the colors are truly magnificent.

Party with the Portugueses! :-)

I have been quiet here on my blog for the past several weeks, but that's because I have been very busy decluttering the stuff I had in New Brunswick. I have been living between Montreal and somewhere in New Brunswick for several years. Actually, I have been living between New Brunswick and other places my whole life. New Brunswick has always been my safe place where I would leave behind my most precious possessions: my books, my academic notes, papers, and more papers (of all sorts). I had about 5-6 big heavy plastic bins, as well as a suitcase packed with papers which was also extremely heavy, not to mention all the other things displayed behind closed drawers and in my very large wardrobe, and not to forget, my bed drawers... Many places to carefully hide away some stuff. I did a big declutter, which left me with only a few things including my books and a few binders which I eventually want to bring all with me to Montreal. I should be able to do so next time I go back home.

It was a big task to go through, but I am glad I did. My old folks are talking about selling the house. I didn't want my stuff to be in the way, all of those heavy things. If they eventually move away, I will only have their things to take care of, and not mine, which will make the moving process a lot easier for them as well as for me, if it has to happen. Something of that nature will eventually happen.

While spending a lot of my time decluttering in the past few weeks, I haven't spent much time watching my stocks, but I notice a few things that are worth talking about. Recently, many bank stocks increased their dividend distribution. I just couldn't believe it! Currently, my dividend income coming from my non-registered and TFSA portfolios is at an annual $10,600, which is not far away from the equivalent of $900 a month. If I include the dividend income earned inside my RRSP portfolio, that amount hits $12,700, which is really not bad at all.

Today, the TSX closed again below the 20,000-point mark, at 19,739.70. It looks like we are slowly entering something like a recession phase or somewhat of a correction, which is worrisome, even if it's not fun to see my wonderful stocks trading lower. It's a good time to save whatever you can so that later on you can invest smartly in quality stocks trading at bargain prices. I think the TSX can go lower. I am not investing at this time. My non-registered portfolio closed today's session at $134,542.67, my TFSA portfolio at $131,464.46, my RRSP portfolio - stocks-only - at $65,561.37, and my US portfolio at $5,443.16 US. One interesting fact is that my non-registered portfolio is almost the same value as my TFSA one.

These days, one stock that I am totally obsessed with is Boyd Group Services Inc. (BYD), which I hold in my TFSA portfolio. In my TFSA portfolio, Boyd Group Services Inc. (BYD) is one of my major holdings. Originally, my investment in BYD exceeded $5,000. Back in the day, Boyd Group Services Inc. (BYD) used to be - if I am not mistaken - a Derek Foster stock. I usually have a good memory of where I pick my stocks from, so I think I am not wrong when I say that BYD used to be a Derek Foster stock. One thing I am almost sure of is that Derek Foster no longer holds any BYD stocks in his portfolio. So that got me worried, and that's the main reason why I have been closely watching BYD.

A stock like Boyd Group Services Inc. (BYD) is totally my vibe. I really like to hold a stock that is not trendy, that is not popular, and that I am basically the only Canadian blogger to write about. Investing in high-quality, super mysterious stocks that I seem to be the only one to know exist on the TSX is my very own personal obsession. Over the years, Stockopedia is a platform that I have used that definitely helped me in that field. An example of a low-profile stock that I found using Stockopedia - among others - is Park Lawn Corporation (PLC). When it comes to BYD, I invested in that stock back in June 2016.

Another reason why I like Boyd Group Services Inc. (BYD) so much is because of its sector - which I consider to be an industrial stock. My sector is the industrial sector. I love stocks that are industrial; it's my vibe, it's what I like, and it's my favorite sector. Boyd Group Services Inc. (BYD)'s overall stock is very impressive. I don't know much about finance, but I know - at least - how to read a chart. And a chart like this - which is the "overall" chart of my precious BYD - screams to me: INVEST!
For the past year, the chart of Boyd Group Services Inc. (BYD) has been impressive:

While looking at charts, it's important that you check different variations and not only the overall chart, so you can get a picture of how things are going for that stock. You can look at the past year, the past 5 years, the past 3 years, etc. Another reason why I have been actively checking my BYD stocks, even while I was extra busy decluttering my precious things or shit, is the reason for its price. Currently, BYD stocks exceed $249, which is a lot of money for a single stock. And I somewhat feel that when a stock is at an expensive price like that, it makes it much more volatile, but I guess it's not exactly true. True or not, one thing is for sure, my position in BYD is super great because I am exceeding +15% in profit.

I know BYD is super expensive, but I think it is worth the investment, even if it's only for a few shares. In light of my current success with Boyd Group Services Inc. (BYD), I don't think we'll be facing a recession. We could hit the recession status, but I don't think we'll be facing anything major. I really hope so.

While checking my portfolio, something I notice is my good results with Goodfellow Inc. (GDL), on which I am experiencing a +17% gain. GDL could be a good option to consider if you are afraid of BYD. Another stock that I am very proud of is Vitreous Glass Inc. (VCI), another mysterious stock. That one came from me, resulting from my searches on Stockopedia a little while back.

I think we are in for more posts in the days to come. I like to watch my stocks and write about them, and now I have more time to do so. We have a lot of catching up to do!

Saturday, May 6, 2023

My investment portfolio on date of May 6, 2023

Cold cash: $19,185.52

Stocks and Units investment portfolio $CAN 

Bank of Nova Scotia (BNS)
Methanex Corporation (MX)
Fortis Inc. (FTS)
Pembina Pipeline Corporation (PPL)
iShares S&P/TSX Capped REIT Index (XRE)
New Flyer Industries Inc. (NFI)
TMX Group Inc. (X)
K-Bro Linen Inc. (KBL)
TransCanada Corp (TRP)
Canadian National Railway Co (CNR)
Enbridge Inc. (ENB)
Emera Inc. (EMA)
Loblaw Companies (L)
Savaria Corporation (SIS)
WSP Global Inc. (WSP)
George Weston Limited (WN)
Power Corporation of Canada Subordinate Voting Shares (POW)
Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A)
TOTAL: $140,489.67  

Stocks and Units investment portfolio $US:
Berkshire Hathaway Inc. (BRK.B)
General Mills Inc. (GIS)
Vanguard Russell 1000 Growth Index Fund (VONG)
Pfizer Inc. (PFE) 
TOTAL: $5,661.55 US: $7,669.14 CAN
Tax-free savings account (TFSA):
Dumont Nickel Inc. (DNI)
CT Real Estate Investment Trust (CRT.UN)
Canadian National Railway Co (CNR)
Exchange Income Corporation (EIF)
Brookfield Infrastructure Partners L.P. (BIP.UN)
Brookfield Renewable Energy Partners L.P. (BEP.UN)
Andrew Peller Limited (ADW.A)
Toronto-Dominion Bank (TD)
Boyd Group Services Inc. (BYD)
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
Data Communications Mgmt (DCM)
Royal Bank of Canada (RY)
Park Lawn Corporation (PLC)
Toromont Industries Ltd (TIH)
BCE Inc. (BCE)
Boralex Inc. Class A Shares (BLX)
Savaria Corporation (SIS)
Northland Power Inc. (NPI)
Calian Group Ltd. (CGY)
Canadian Utilities Limited (CU)
WSP Global Inc. (WSP)
Granite Real Estate Investment Trust (GRT.UN)
Cargojet Inc. (CJT)
Nutrien Ltd. (NTR)
TFI International Inc. (TFII)
Canadian Imperial Bank Of Commerce (CM)
SIR Royalty Income Fund (SRV.UN)
Aecon Group Inc. (ARE)
Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A)
Metro Inc. (MRU)
Alimentation Couche-Tard Inc. (ATD.A)
Fortis Inc. (FTS)
CGI Inc. (GIB.A)
TMX Group Limited (X)
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC)
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Suncor Energy Inc. (SU)
Rogers Communications Inc. (RCI.B)
Telus Corp (T)
JFT Strategies Fund Class A Units (JFS.UN)
Bitcoin Fund The Class A units (QBTC)
Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B)
3iQ CoinShares Ether ETF (ETHQ)
Tilray Inc (TLRY)
North West Company Inc. (The) (NWC)
Bank of Nova Scotia (BNS)
National Bank of Canada (NA)
Stelco Holdings Inc. (STLC)
Hammond Manufacturing Company Limited Class A Subordinate Voting Shares (HMM.A)
Saputo Inc. (SAP)
Labrador Iron Ore Royalty Corporation (LIF)
Intertape Polymer Group Inc. (ITP)
Parex Resources Inc. (PXT)
Wescan Energy Corp. (WCE)
Verde Agritech Plc Ordinary Shares (NPK)
Wajax Corporation (WJX)
Whitecap Resources Inc. (WCP)
Goodfellow Inc. (GDL)
Algonquin Power & Utilities Corp. (AQN)
Pembina Pipeline Corporation (PPL)
TransCanada Corp (TRP)
A&W Revenue Royalties Income Fund (AW.UN)
Total Energy Services Inc. (TOT)
TOTAL: $134,285.06

RSP investment portfolio: 
Emera Incorporated (EMA)
Ovintiv Inc. (OVV)
Toronto-Dominion Bank (TD)
Telus Corp (T)
Royal Bank of Canada (RY)
Savaria Corporation (SIS)
Thomson Reuters Corporation (TRI)
Park Lawn Corporation (PLC)
Richards Packaging Income Fund (RPI.UN)
Toromont Industries Ltd (TIH)
CAE Inc. (CAE)
CGI Group Inc. Class A Subordinate Voting Shares (GIB.A)
Boralex Inc. Class A Shares (BLX)
Quebecor Inc. (QBR.B)
Logistec Corporation Class B Subordinate Voting Shares (LGT.B)
Brookfield Renewable Partners L.P. (BEP.UN)
Leon's Furniture Limited (LNF)
Bank of Nova Scotia (BNS)
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Cascades Inc. (CAS)
JFT Strategies Fund Class A Units (JFS.UN)
AirBoss of America Corp. (BOS)
Suncor Energy Inc. (SU)
Pender Growth Fund Inc. (PTF)
Rogers Communications Inc. Class B Non-voting Shares (RCI.B)
ATS Automation Tooling Systems Inc. (ATA)
Algoma Central Corporation (ALC)
Finning International Inc. (FTT)
Guardian Capital Group Limited (GCG)
Information Services Corporation Class A Limited Voting Shares (ISV)
Interfor Corporation (IFP)
Maple Leaf Foods Inc. (MFI)
National Bank of Canada (NA)
Nutrien Ltd. (NTR)
Open Text Corporation (OTEX)
Taiga Building Products Ltd. (TBL)
Vitreous Glass Inc. (VCI)
Power Corporation of Canada Subordinate Voting Shares (POW)
North West Company Inc. (The) (NWC)
Whitecap Resources Inc. (WCP)
Parex Resources Inc. (PXT)
North West Company Inc. (The) (NWC)
Wajax Corporation (WJX)
Canadian Imperial Bank Of Commerce (CM)
Hamilton Enhanced U.S. Covered Call ETF (HYLD)
Total: $66,546.93   

CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $3,365.67

Others: $1,159.90

NBI Income Fund: $1,256.36

Manulife Fidelity NorthStar GIF CAP
Manulife Simplicity Growth Portfolio 
Maritime Life CI Harbour Seg Fund
Maritime Life Fidelity True North Seg Fund
Manulife GIF MLIA B World Invest
Total: $8,380.81

Other various: $34,045.03

TOTAL: $114,754.70

Social Capital at Desjardins Membership share: $35
Online money: $53.82
Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:
TOTAL: $416,472.91
On the date May 6, 2023

My debt situation on date of May 6, 2023

Margin Account Debt: $46,237.17 at 8%

Annual Interest: $3,698.97

As of May 6, 2023

For a complete update on my debt situation, please click on the label "Debt Situation" located in the right column of this blog.

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