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Wednesday, October 11, 2023

A Warm Welcome to the New Additions in My Investment Portfolio

As the TSX closed at 19,700 points, my stock portfolio gained $2,700. My non-registered portfolio closed the session at $134,018.11, my US portfolio at $5,002.95, my RRSP stocks-only portfolio at $61,230.91, and my TFSA portfolio at $125,925.86. With these significant gains, my net worth is likely around $353,000. I'm only $15,000 away from reaching my previous net worth from this past August. It's been a challenging journey, but we're heading in the right direction.

I've recently made some investments, and you may have noticed some newcomers in my latest investment portfolio. For certain investments, we're only talking about a small to a very small amount of money being invested. Since I don't incur any brokerage commission fees, believe me when I say I'm taking full advantage of this. These days, I often invest only small amounts of money.

For my TFSA portfolio, I invested in the following stocks:
A&W Revenue Royalties Income Fund (AW.UN)
Chemtrade Logistics Income Fund (CHE.UN)
Element Fleet Management Corp. (EFN)
Exchange Income Corporation (EIF)
Finning International Inc. (FTT)
Hamilton Enhanced U.S. Covered Call ETF (HYLD)
Ninepoint Energy Income Fund ETF (NRGI)
Pembina Pipeline Corporation (PPL)
Suncor Energy Inc. (SU)
TMX Group Inc. (X)
Wajax Corporation (WJX)
National Bank of Canada (NA)
Total Energy Services Inc. (TOT)
Westshore Terminals Investment Corporation (WTE)

For my RRSP portfolio:
Toronto-Dominion Bank (TD) - because why not?

And for my non-registered portfolio:
Ag Growth International Inc. (AFN)
Alaris Equity Partners Income Trust (AD.UN)
Bank of Nova Scotia (BNS)
BCE Inc. (BCE)
Canadian Imperial Bank Of Commerce (CM)
National Bank of Canada (NA)
Royal Bank of Canada (RY)
TMX Group Inc. (X)
Telus Corp (T)
Toronto-Dominion Bank (TD)

Westshore Terminals Investment Corporation (WTE) is no stranger to my investment portfolio. I used to hold some WTE stocks. I don't view this as my next goldmine investment, but I wanted to make a small comeback with this one. I only invested a modest amount in WTE. I already had some shares of Wajax Corporation (WJX) in my portfolio. I've experienced great gains with what I already had, so I decided to add a few other stocks. I didn't renew my subscription to Stockopedia, and right now, my inspiration for investment picks is quite limited. This didn't really bother me because I wanted to focus on paying down my margin debt. However, since we had a stock market correction with the TSX a few days ago, the opportunity was too good to pass up, and I decided to invest in a few stocks.

For inspiration, I basically delved into stocks that I already own and those held in the JFT Strategies Fund Class A Units (JFS.UN). While many stocks went down during the correction, the JFS.UN wasn't much affected. My newest investments in Ag Growth International Inc. (AFN), Alaris Equity Partners Income Trust (AD.UN), Total Energy Services Inc. (TOT), and Wajax Corporation (WJX) come from Jean-François Tardif's JFT Strategies Fund Class A Units (JFS.UN) and/or from the other fund that he manages.

I strive to maintain diversification in my portfolio. I must say that stocks with significant dividend yields, such as BCE Inc. (BCE), Telus Corp (T), and Bank of Nova Scotia (BNS), just to name a few, are extremely appealing. I recently invested in them, albeit with relatively small amounts each time. In terms of high dividend yield, the Hamilton Enhanced U.S. Covered Call ETF (HYLD) doesn't take a back seat, offering a generous 12% yield. I don't understand how this Hamilton ETF manages to sustain such a high dividend yield distribution to its investors, but that's not my concern, is it? However, here too, I've only invested a small amount. The Hamilton Enhanced U.S. Covered Call ETF (HYLD) dividend yield was simply too tempting to ignore. I was pleased to acquire my units for under $12 each. With these new investments, the dividend income from my non-registered and TFSA portfolios now totals approximately $931 per month.

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1 comment:

Anonymous said...

That is pretty good. All those trades and no fees!!!

 

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