Ritz Carlton Grand Prix Party in Montreal 2019 - Part 2

Ritz Carlton Grand Prix Party in Montreal 2019 like if you had been there... or almost

I take a sneak the Ritz Carlton Grand Prix Party that took place in the evening of June 7th. I am not a fan of the Grand Prix, but during that time of year, Montreal becomes a capital of the world. Tourists from all around the world come to Montreal for the Grand Prix. I also went to the Old Montreal and I notice some people coming from Poland. We'll all talk about that later, but let just start with the pictures I took while sneaking in the outside smoker area of the Ritz Carlton.

 

 

A possible plan to pay down a bit more on my margin account debt

It's nice to have the TSX in the 16 200 points. Actually, it's always a good day when the TSX close on some gains, no matter how little they are. Today was not a spectacular day on the TSX, but something quite spectacular happens for my RRSP stocks only portfolio. Today June 5th, my RRSP stocks only portfolio closed the session at what I believe is its highest value ever: $45,256.60. Following yesterday move, my margin account debt is now down to $46,228.34. Basically, my RRSP stocks only portfolio worth almost as much as my margin.

It's nice to see my margin debt going down. I am happy that I get rid of my Jamieson Wellness Inc. (JWEL) yesterday, even if they announced today a somewhat deal made with China. Of course, I am looking a bit around for stocks that I don't really care about anymore. Those things happen. Here are the stocks that are in one of my investment portfolios, but that I am not in love with anymore:

Sienna Senior Living Inc. (SIA)

General Mills Inc. (GIS)

RioCan Real Estate Investment Trust (REI.UN)

BMO Bank of Montreal (BMO)

If I proceed with a sell move for those stocks + the cash money I have inside my TFSA at this time, it would lower my margin debt to $38,997. I find the idea quite interesting, especially knowing that none of those stocks are really strong performers. I won't miss out on anything while not having any of them in my investment portfolio. It's something I have to consider.