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Sunday, September 6, 2020

I have no more investment dream, but that's ok for now

My non-registered portfolio closed Friday session on a tiny $103,997.52, my TFSA portfolio at $87,991.40, and my RRSP portfolio, stocks only, at $47,543.42.

I guess that the 16 700 points were just too good to be true, especially in the circumstances. I was getting quite comfortable and I really enjoyed having my net worth in the 230k, despite the fact that I was hoping for more gain. It's quite hard to see the TSX on a little 16,218.01 points, but at least, we are still in the 16 000 points. I don't know if it's because we are still dealing with this pandemic, but I don't have any investment project. I didn't catch on anything new that really light me on. These days, at the exception of the Cogeco takeover bid, which had been refused - for now - by the major shareholders.

Brian Belski of the really bad BMO Capital Markets is getting super excited for whatever reason and he's announcing hard and loud that the TSX is going to reach record high levels by the end of 2020. I wouldn't get too excited if I were Brian Belski, but big part of his job is to make fake prediction to trick investors. Sincerely, try at all cost to stay away from big bullshit givers like Brian Belski. The only thing he's good at, is showing off. 

Don't expect Brian Belski, even if he's a chief investment strategist, to come over with some awesome investments picks like I do. A job title mean nothing on the street. The TSX is just too volatile to make any prediction at all. Anyone with a bit of common sense will agree with me. Listening to someone like Brian Belski can create a feeling of over excitement for some investors. But right now, investors don't need excitement. We all need to keep our feet quietly on the ground, and we need not to panic, or become exciting over really anything. Right now, the best thing to do for yourself and your investments is to stay healthy, wear a mask in public area, wash your hands, eat clean. And personally, I can add to this paying down debt. Nothing better than paying down debt to stay grounded and right in your mind.

Other than my margin account debt, I currently have a credit line debt. The interest on it is super low, but I am looking forward to pay it down anyway. The amount I need to pay down is of $4,800. I am not in a mood to invest in anything. I spent my whole spring and summer, and now autumn in Montreal, without traveling, without vising New Brunswick. Saving money had become a too easy task. I should be able to pay off my credit within 3 months. $4,800 is not that of a big amount, but if you try to get it paid off, suddenly, that $4,800 began to feel like a little sum of its own. That's why it's so difficult to pay debt, because the difficulty really start when you begin the process of paying off, and than, it became difficult to live on a restrictive budget.

I hope to be able to pay it off by the end of the year, and if lucky, by November. It could be seem like a long way to go, but just a quick reminder, we are already in the month of September! Following what, I will only have left my margin debt to pay off, which is currently at $46,118.64.

Thursday, August 27, 2020

This is 40

This is it, I am now 40. I am currently listening to Donald Trump nomination speech and wow, I learning that God is blessing America. Melania Trump is wearing an awfully fluo green dress that is just ugly to hell. Doesn't she have a stylist to help pick up nice outfit or what? On that one, Melania Trump did a major fashion faux pas. I just don't understand her dress. If Melanie Trump is trying to make a statement, I simply don't get it. She's way too flashy while facing a crowd sitting one on the other, and most of people sitting down there are not wearing a mask!

According to Trump, American border are more secure than ever before. Yep. and that's because the US-Canada border is closed buddy - thanks God. The pandemic is helping a bit Trump in the process.

Wednesday, August 26, 2020

Tomorrow is the DAY - only one day left before my BIRTHDAY... and the world as we know it will never never be the same

This is quite exciting. The TSX closed today session on a nice gain of over 170, for a majestic total of 16,789.97 points. My non-registered portfolio closed today session on a $106,628.01, my TFSA portfolio at $90,495.23, my US portfolio at $3,827.64, and my RRSP portfolio - stocks only - at $48,664.38. I think that this is among the first time ever that I am reaching 90k inside my TFSA portfolio. I am not updating ny portfolio this evening because I am kind of running of time as I have a couple of things to do, I am busy. 

But quickly: I currently have $449.96 in cash inside my RRSP portfolio that is coming from my dividend distribution. Soon, I will have enough to place a new investment inside my RRSP stocks portfolio. I really like to reinvestment the dividend distribution money in a new stock. I will have to think about a new investment for my RRSP portfolio.

Currently, my margin debt is at $45,890.91, and I have left available on my margin an amount of $20,379.46. This leave me a little bit of room to proceed with another contribution in kind for my TFSA portfolio. the Telus Corp (T) stocks that I hold in my non-registered portfolio remain a good candidate, so I am looking forward to make that move by Friday. And since I have so many contribution room left for my TFSA - which is a shame but I do what I can, iShares S&P/TSX Capped REIT Index (XRE) would be another good candidate.

And following what, I won't have any more picks inside my non-registered portfolio to do contribution in-kind over my TFSA portfolio. Especially if the TSX continue to register gain like today, its going to be harder and harder to target stocks inside my non-registered portfolio because all of my investments are like gaining in value and I don't want to select stocks that are on a too high capital gain as stocks for a contribution in-kind to my TFSA.

Tuesday, August 25, 2020

With Erin O'Toole, the Conservative Party is dead - and only two days left before my BIRTHDAY!

According to his Wikipedia profile, he's 47 years old, but Erin O'Toole look like he's much more older, like a 60 years old or something. Erin O'Toole has clearly express himself as being anti-patriotic. Nothing to be surprise of, especially knowing that O'Toole father was an Irish descendant and his mother was from England. O'Toole parents were immigrants. But the worst thing being that Eric O'Toole was born in Montreal. Quebeckers are well-known for being cheater, liar and incompetent. We already have experience it many times with Justin Trudeau. Canada certainly doesn't need another Quebecker as top leader. 

O'Toole is certainly not different than others and he's not different from Justin Trudeau. The reason why that I am saying that Erin O'Toole is anti-patriotic is because he wants to recognize Quebec as a nation. Quebec province is not a better Canadian province than others. It's a shame and it should be recognize as a crime to design Quebec province as a nation. We in New Brunswick, we are among the first citizens who had built this country. We are bilingual, and we are not asking for any special treatments despite the fact that we are certainly better than any other Canadians.

Under Eric O'Toole, the Conservative Party is going absolutely no where. O'Toole is just a stupid little player. What I am looking for, my ideal politic party would be build on pure patriotic values, closed to the extreme right, but without the violence. Currently, I am not getting any of that from any party.

In life, you need to know who are your friends, and who you can rely on. And it's also extremely important to be able to recognize your enemies. Right now,  Erin O'Toole is not doing anything great for Canadians. By his willingness to recognize dumb Quebec as nation, he's destroying us. But could we really expect anything more coming from a son of immigrant?

 

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