Hey, what's up Pembina Pipeline Corporation (PPL)

Spring is in the air in Montreal! We are expecting a very nice few days in term of temperature. Take a look at those very nice pictures I took:

The TSX closed today’s session on a strong 25,532.18 points, up +174.44 points or +0.69%.

My portfolios ended the day as follows:

• Non-registered portfolio: $154,403.18

• US portfolio: $62,084.64

• RRSP portfolio: $89,548.71

• TFSA portfolio: $132,856.60

Just a few days ago, on May 8, I reached my highest net worth ever at $473,933.65. At the time, my non-registered portfolio closed at $157,566.53. That means that between May 8 and now, my non-registered portfolio experienced a $3,000 capital loss!

The culprit seems to be Pembina Pipeline Corporation (PPL). On May 8, PPL was trading around $55 per share. Today, it closed at $51.77. Clearly, the drop is coming from PPL, which happens to be one of the largest holdings in my non-registered portfolio. That said, I didn’t technically lose $3,000 because I bought PPL a long time ago, and the dividend income has been reinvested via DRIP, helping me accumulate more shares over time.

I’m confident that PPL will recover, but this is a good reminder of how important it is to stay diversified. That being said, I already have a fairly diversified portfolio, and I don’t plan on selling any of my PPL shares for now. It’s just one of those things that happens. Still, it’s a little frustrating because, for a minute, I was this close to hitting the $480K net worth mark!

Another stock I’ve held for a long time in my non-registered account is New Flyer Industries Inc. (NFI). Unlike PPL, NFI is much more volatile and currently doesn’t pay a dividend. Despite that, NFI has weathered market crashes and corrections over the years with surprising resilience. Right now, NFI is up +10.73% in my non-registered portfolio. My little New Flyer Industries Inc. (NFI) is a tough survivor. That’s precisely why I’ve continued to hold onto it.

As for Pembina Pipeline (PPL), my investment is still up over +70% overall. So, while a $3,000 dip is frustrating, my portfolio remains strong. My current net worth is likely around $471,000.

If I dig deeper, I can see that many of my most recent investments are doing quite well.

Of course, while these results are great, one major frustration remains: I should have invested more!

If you’ve felt this same frustration, I get it. But don’t let it get to you. With today’s high market volatility, anything can happen. Every day brings something new, and honestly, we have no clue what tomorrow holds. So keep some cash on hand. The future is uncertain, and it’s not all about Trump. So hold on.