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Tuesday, October 3, 2023

Investing Amidst Chaos: A Look at My Portfolios and Recent Decision

It's been a while since I last posted. September was a whirlwind month for me in Montreal. I thoroughly enjoyed the warm weather and made the most of it by spending a lot of time at the pool. However, work kept me incredibly busy during that time, with many extra hours logged. My typical day involved finishing work at 5 p.m., taking a quick break at the pool or doing something else, and then returning to work for another 1 to 3 hours. These long days left me with little time for blogging, but I've remained quite active on Twitter. If you haven't already, please follow me there. I'm on a mission to reach 5 million impressions within 3 months to monetize my account.

In August, I spent the entire month in New Brunswick, and now I find myself back there again. I'll be returning to Montreal in mid-November, just in time for a dermatologist appointment. Initially, I expected the procedure to cost around $2,000, but it turns out it will be $1,149.75, excluding the $250 initial consultation fee. This 30-minute procedure isn't related to Botox or fillers; it's a small yet costly intervention to address some skin issues.

Since I didn't spend as much as expected, I decided to invest in an eReader. While I prefer physical books, I've been wanting an eReader for a while now. When I visit my family in New Brunswick, which is quite often, I don't have access to the wide variety of books I want to read like I do in Montreal. This can be frustrating for me, as I read almost every day, and not being able to access a specific book when I want can be quite vexing. An eReader, particularly a Kobo which is compatible with Canadian libraries, is a game-changer. The BAnQ offers a vast selection of online books that I can borrow, even while I'm in New Brunswick. Currently, I'm working my way through all of Paul Auster's books, and one of his, "4321," is quite massive. Having the convenience of accessing the book online instead of lugging around a heavy tome between provinces makes reading more enjoyable for me.

The TSX has been quite volatile lately, closing at 19,020.92 points today. At one point during the day, it even dipped below 19,000 points, hitting as low as 18,945.79 points. I'm currently on vacation, so I'm observing all this from a distance. It's hunting season in New Brunswick, and with the TSX at 19,020.92 points, my non-registered portfolio closed the day at $128,155.97, my US portfolio at $4,961.20, my RRSP stock-only portfolio at $58,621.27, and my TFSA portfolio at $120,618.32. My numbers are obviously lower, which isn't fun, but it's the reality. What matters most to me is keeping my margin account in good shape.

I have a margin account linked to my non-registered portfolio, which is currently worth $128,155.97. As of yesterday, I had $59,565 available on my margin, providing a safety buffer against a margin call. This is crucial to me as I aim to avoid any financial worries. These days, I'm away from my laptop, making it challenging to manage any potential issues. I'm fully immersed in enjoying the hunting season in New Brunswick.

Today, I managed to make investments in a few stocks that are already part of my investment portfolio, including Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A), Royal Bank of Canada (RY), National Bank of Canada (NA), Alaris Equity Partners Income Trust (AD.UN), Ag Growth International Inc. (AFN), Toronto-Dominion Bank (TD), BCE Inc. (BCE), Canadian Imperial Bank Of Commerce (CM), and Telus Corp (T).

I would like to invest a bit more, but for now, I think these additions will suffice. I'm also considering investments in A&W Revenue Royalties Income Fund (AW.UN), Hamilton Enhanced U.S. Covered Call ETF (HYLD), and TMX Group Limited (X).

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