My non-registered portfolio closed this past Friday session at $171 515.28, but that's only because I invest in a few shares of Bank of Nova Scotia (BNS). The TSX had closed at its lowest level since November 2016, so I had to invest in a high-quality stock that would be push over the edge once the TSX decided to move back in the old 16 000 points. I am quite happy with the new investment in BNShappens because I purchased my new stocks at $69.14. My TFSA portfolio closed the session at $74 928.20, and my RRSP, stocks only, at $37 436.69.
BNS was among the first stocks I ever own, so it was just a natural move to invest once again in this one, especially now that it trades at a low price. I am looking forward to investing in other good quality stocks like BNS who are trading at a good price right now. I would like to invest again in Fortis Inc. (FTS). Fortis is also a stock that is from my non-registered portfolio since the early beginnings. I am looking for good quality stocks, reliable dividend and that are trading at a lower than usual price. Fortis Inc. (FTS) is a real easy stock to hold inside a portfolio. FTS is really reliable. And just recently, Fortis increased its dividend distribution. Another idea for investment on the low: Savaria Corporation (SIS). Other ideas: PLC, MX - but MX doesn't pay much in term of dividend. When you get hungry, hit on dividend stocks.
It's not pleasant to be on downslide market, but this is exactly how I started investing in stocks back in 2008 and its really how I had been able to create value over time. Its true that I am currently not at my best, but sooner or later, the TSX will be back in the 16 000 points and when it happen, this bitch will be back right on top, and just watch me hit on the not the 300k, but 400k net worth, ok? You need to pack the love at the right place.
This past Friday session, Aecon Group Inc. (ARE) gains over 11%, which is really good. I think that ARE may be on the right track for more great results. Fact is, there's alwyas great things going on for the TSX. Its your appreciation of the great TSX that will pay on your favor for the long run, and nothing else.