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Showing posts with label Bank of Nova Scotia (BNS). Show all posts
Showing posts with label Bank of Nova Scotia (BNS). Show all posts

Thursday, December 2, 2021

Welcome again Bank of Nova Scotia (BNS) in my RRSP portfolio

The dividend increase party just continues for our fabulous Canadian banks! Yesterday, both the Royal Bank of Canada (RY) and the National Bank of Canada (NA) declared an interesting increase in their dividend distribution! And that's not all.

Also yesterday, I received PFB Corporation (PFB) generous dividend. Following what, I had a couple of hundred dollars at my disposal to invest inside my TFSA portfolio. Among the big banks, the Bank of Nova Scotia (BNS) is among the cheapest, and with the recent dividend increase for BNS, I have to admit that I was really tempted to invest in a few shares of BNS... And so I did. When I first started my investment portfolio about 14 years ago, the Bank of Nova Scotia (BNS) was among the first stocks that I bought for my non-registered portfolio. Back in the days, Bank of Nova Scotia (BNS) was a Derek Foster's stock.

Yesterday, my non-registered portfolio closed the session on a low $130,781.83, my US portfolio at $4,296.11 US, my RRSP - stocks only - portfolio at $61,571.20, and my TFSA portfolio at a super low $123,767.51. 

Today, both Toronto-Dominion Bank (TD) and Canadian Imperial Bank Of Commerce (CM) increased their dividend distribution. My annual dividend income is now at $10,745.95, the equivalent of $895.50 per month. For dividends earns outside my RRSP, my annual dividend income is now at $9,037.09, or if you prefer $753.09 per month.

Sunday, January 10, 2021

To sell or not to sell Bank of Nova Scotia (BNS) - that is the question

The TSX closed this past Friday session on a super-18,042.07 strong points, but it's not making much sense knowing that our economy loss over 60,000 jobs in December. It just doesn't feel right and it make me feel somewhat anxious, more than the COVID, but nothing I cannot deal with. It's not something that keeps me awake at night. COVID had been part of our life for now several months now, it's a drill.

New footage from the Capitol sad events came out and it was just too sad to watch. One policeman was suffocated, he was on the front row, stuck between other officers and the rioters. The rioters did nothing to help him, they didn't leave to make some space to the poor man. One rioter actually touches the officer mask, in a move to maybe help him breath, I don't know. It was horrific to watch. It's over for Donald Trump. I used to have a somewhat admiration for him, but that is all gone now. He can't possibly move on from those sad events. This is his legacy to the US. Blood and deaths.

Here in Montreal, we are dealing with the newest thing since yesterday: a curfew. Under the new rules, it is required to stay home between 8 p.m. to 5 a.m. This doesn't affect me much. I am always home during those hours, especially now since the gym is close. If the hours would have been set starting 5 p.m., I would have been upset, but a curfew starting at 8 p.m. is, in my opinion, more than reasonable. Yesterday was day 1 of the curfew. The sun was out, it was a beautiful day despite the circumstances. Take a look for yourself:

With such beautiful places in Montreal located just a few minutes away from my apartment, going through this pandemic is not difficult for me. I try to go out for walks outside as much as possible.

I spent a big part of yesterday shopping around to build up a bit my reserved. I am probably good for a little while, except for milk, that I buy at least once a week because I like milk too much for not having any every week. Otherwise, I won't need much. Toilet paper: check lol. Cleaning products: check. Groceries: check. And a bunch of other things: check, check and... check. With my last run completed, I was exhausted. And happily watched Harry Porter, last chapter was being screened on a French channel.

Yesterday, pass 7 pm, it happens that I was watching Ethereum (ETH), and precisely at that time, ETH hit on its highest value ever: $1,641.34 CAN. It seems like especially during the weekend, ETH likes to hit on highest value over and over again. Yesterday again, at exactly 8:44 pm Eastern Time, ETH is trading - again - at its highest value ever, now being established at $1,691.12 CAN... And so on... For now, I am enjoying quietly watching ETH. And while doing so, I am thinking about what I should do with my Bank of Nova Scotia (BNS).

Back on Friday, I learned by listening to BNN that an important analyst had revised its economic forecasts downwards for Bank of Nova Scotia (BNS). Bank of Nova Scotia had been in my non-registered portfolio since the early beginning. Back in the days, BNS was a Derek Foster's stock. I am collecting a good amount of dividend income on that one. However, this pandemic had shown the weakness of Bank of Nova Scotia (BNS). For a while in past recent months, I was experiencing a capital loss on my BNS shares, while my other bank holdings, like Royal Bank of Canada (RY) and Toronto-Dominion Bank (TD) were doing just fine. 

Canadian Imperial Bank Of Commerce (CM) is another stock bank that I hold that had, like BNS, show off some sign of weakness. However, I don't worry about CM. I know how CM is. And its dividend is too good to turn my back against Canadian Imperial Bank Of Commerce (CM). BNS had been more problematic than CM. While facing time like this, the dividend is the last thing I have in mind. What I want is to protect the capital that is invested. 

This past Friday, I was tempted to sell all of my Bank of Nova Scotia (BNS) stocks. I didn't proceed, at least not yet. In the past, when I was having problems with a stock, what I did in some occasions was to partly sell the x stock, in order to reduce my exposure to the problematic stock. Other times, I just sell all of my stocks for x holding. To partly sell or not remain your own personal decision. In the case of BNS, I am tempted to partly sell it. Or I may even not. It's just really hard for me to decide but I will let you know what I decide.

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