Spectacular news: Brad Pitt and Angelina Jolie are getting divorce. You can have all the money of the world, have 6 children in good health, be good looking, it doesn't stop people from getting divorce for whatever reason just like if they were just f nobody. Even with the millions of dollars, I wouldn't like to change of place. Its just going to be a very nasty divorce and life will become very complicated for those poor kids.
This being said, I had sold my Kinross Gold Corp (K) stocks, it result in a capital loss. I also sell off the EnCana Corporation (ECA) stocks that I was holding in my non-registered account. Both K and ECA were just going no where, it was time to sell, say goodbye and move on. Some money went down on the margin and some money was reinvested in Savaria Corporation (SIS). Excluding RRSP, my dividend income is probably of $7 100 now, which is good, but I am now only dreaming of a 8k dividend income. Its so so hard to get there, unbelievable.
As for my RRSP, I am thinking about seeling the stocks of EnCana Corporation (ECA) that I have in there and reinvest the money in Canadian Imperial Bank Of Commerce (CM). I was quite impressed by CM announcement today. I am curious to find out what their new partnerships with the National Australia Bank (NAB) will lead to.
After rough calculations, I think my net worth is now at $175 300. These days, I have all eyes on US stock. Facebook (for its research center announcement), Microsoft (for its dividend increase) and Johnson & Johnson (recent new acquisition) caught my attention. They could make good investments for the long term. I am not in a hurry to invest in those companies, as I am trying really hard to pay down my credit line debt.
For now, the Fed didn't touch to the interest rate, but its being that in December, we could see an increase. And when it will happen, the markets worldwide could go down. There's a couple of things that the markets just hate and its bad news regarding Greece and the Euro, bad news regarding China or US economy. Its pretty much it. Markets don't like changes. When corrections happen, it help to be debt free and have a bit of money aside.