How to handle your investment portfolio like a Dividend Girl during a major market correction

It's been a rough day for the TSX, but I haven't witnessed most of it. I took a moment to take a look at my stocks during the day, and that's when I notice the disaster. To that point, I knew it was going to be a bad day for my portfolio, and so I left it alone. I just had been too busy at work, which is strange because usually during the summer, things are a bit softer. These days, it feels like we are just out of touch with reality, and it's just a very weird feeling. I try not to pay too much attention because I don't want all that madness to consume me alive. But no worries, it won't because my days at work fly by and it's just so busy. It makes things much easier for me to deal with everything else. I am very grateful. I am celebrating my 10th anniversary at my job this year.

I feel it's always good to reflect on what's going on while dealing with whatever shit. In its case, it's market shit - which I am quite good at handling. And the reaction you should all have when the stock market is desperately trying to beat you on is not to give a damn. It's ok to look away if it's too hard for you to watch your portfolio value going down during a major downturn like this one. You don't need to hurt yourself mentally. It's ok not to acknowledge a situation if it can make you stronger. The stock market always win, this is just a very weird time we are living in. Unemployment in Canada is super low, but we are facing super high inflation and the Bank of Canada needs to increase interest rate, there's just no other way out. It's crazy, it doesn't make any sense at all, but that's just how it is. Under the circumstances, taking a step back, staying outside the chaos, and doing absolutely nothing is another great answer you can have while facing chaos. What you shouldn't do while facing a market correction like the one we experimented today is to sell your stocks. Don't push the sell button, unless you really need the money and you are in a case of desperate need. What you need to remember is that in the long run, the stock market always wins. For me, it's something I understand in my early days. I started investing shortly before the 2008 stock market crash. I wasn't that much scared because I strongly believe in my chances of recovery and I knew it was all working out. It's hard to have strong beliefs while facing the unknown, but you have to stick to your beliefs no matter what the noises you hear

We live in a capitalist world and in the end, the stock market always wins. That's the main idea I am looking forward to promoting this late evening.

The TSX closed below the 20,000 points, which is really not fun, but I don't mind. Usually, following a major downturn, the stock market gains a bit in points. Sometimes it won't. You just need to keep yourself ready to handle anything. Personally, I prefer to have a look at my investment value no matter what's going on. And the main reason behind this is that I have a margin debt. My margin debt is currently at $45,782.99. 

My non-registered portfolio closed today's session at $143,774.77, my US portfolio at $4,533.69, my RRSP portfolio stocks only at $63,841.22, and my TFSA portfolio at $115,223.37. I am a bit surprised by how low my TFSA portfolio is, but hey, it's no real surprise, knowing my exposure to Bitcoins ETFs. Now is a good time to invest in high-quality stocks that pay a nice dividend like BCE, T, TD, RY, CM, BAM.A, CGY, ENB.... Just try not to shit in your pants while ongoing the process and you should be just fine.

One very interesting thing: while the TSX was losing several hundred points and most stocks were losing value, JFT Strategies Fund Class A Units (JFS.UN) was gaining +0.83%... That's the main reason why I am keeping JFS.UN my investment portfolio, even if it doesn't pay dividends. It feels good to have at least a bit of stability somewhere... One of the weirdest thing ever being that I taught I see Jean-François Tardif downtown Montreal just a few days ago, driving a car, with his daughter next to him. She has long dark straight hair and doesn't look very old. 

And talking about Telus, If it happens that you live in the Montreal area, on June 16, at 9 pm, I will be partying my ass off and I will be drinking my shit away while listening to the Acadian singer Lisa Leblanc at MTELUS. If you want to join the disco "Acadian" party, feel free to join in because I will be there. Just be ready :-) I know it's a last-minute announcement but I just bought my ticket this evening. I will be there for real and chances are that I will be wearing a pink cap because I have no time to do my hair these days so just look for a girl with a pink hat and it will probably be me. If I am dancing, PLEASE DO TO DISTURB THE BITCH or I will hate you FOREVER. There's an invisible DO NOT DISTURB sign straight on my big ASS.

Thank you in advance. :-)

PARTY.

Welcome in my TFSA and RRSP portfolios Wajax Corporation (WJX)!

These days, I am quite busy at work, and we have awesome activities going on right now in Montreal, so I have to say, I am busy-busy and I may not write as much aroud here for the next couple of days, but I will try.

I actually tried to post this post last week, but I wasn't able! Stocks are not doing well right now, but its a super great time to buy great quality assets at a bargain price - and that should remain your main focus.

I had missed Jean-François Tardif's latest appearance at BNN's The Open with Jon Erlichman, but thanks to Pattirose, I received a notification :-) You can listen to Jean-François Tardif latest TV apparition right here.

I didn't make a very huge investment today in Wajax Corporation (WJX), but I was able to invest in a few shares inside my TFSA and RRSP portfolio. I really like to reinvest the money I earn from my dividend whenever I can, and it's usually what I do. I made that investment in the past week.

That's all I wanted to say :-)

Also, WJX is totally in my taste because its in the industrial sector and that's where I like to be. Its my favorite sector to invest in.

My net worth is now at $352,164.94 (on date of June 2, 2022)

The past few days had been quite busy, but I managed to publish a quick investment portfolio update, but without posting any comments about it. It was short and sweet. On June 2, my investment portfolio closed at $398,010.84, which left me with a very good net worth of $352,164.94. I was only missing a little $9,277.48 to hit back on my highest net worth value ever. My numbers closed slightly lower today. My non-registered portfolio closed today's session at $150,597.49, my US portfolio at $4,844.54, my RRSP stocks-only portfolio at $66,168.75 and my TFSA portfolio at $123,886.67.

I was off this past week, but time had passed by too quickly. I had spent the past couple of months (something like 9 months!!!) in New Brunswick, so when I arrived in Montreal this past Sunday, I had quite some cleaning to do. Fortunately enough, my apartment is quite small, but I spent a lot of time refreshing it. I also gave away a lot of clothes that I wasn't wearing anymore - am I the only one who's tired of wearing boot-cut jeans??? - some fake pieces of jewelry, an ab wheel (I cannot use that thing for quite long even if I wanted to), some carpets, an old noisy big fan that I cannot manage to properly clean the blades... I also had an old mini laptop.

It still works, but it runs on Windows 7, and the whole system won't upgrade anymore. Let me say that it's not an easy task to open a Web page on that laptop... I did a copy of all the files and pictures I wanted to keep, and following what, I perform a factory reset, to make sure the laptop no longer contains any of my personal information, including my browsing history. While dealing with old electronic devices, once you have procced with a backup of the files you may want to keep, it's really important to proceed with a factory reset. It's easy to find the info on how to proceed over YouTube on specialized channels. I also have an old smartphone I want to get rid of for which I also need to do a factory reset. Those kinds of little things add up quickly when you haven't done any tidying up in a while. I also got rid of all kinds of papers that I had been keeping, which I keep doing from time to time... 

Before I left for Montreal, I gave my camera to my old folks. I haven't used that camera for several months. I always use my cell phone. I think it takes nice pictures, what do you think?

Yes, I do like flowers.

My debt situation on date of June 2, 2022

Margin account debt: $45,845.90 @ 5%

Annual interest: $2,292.30

On the date June 2, 2022

**For a complete update regarding my debt, click on the label "Debt situation" located in the right column of this blog. 

My investment portfolio on date of June 2, 2022

Cold cash: $9,800.70

Stocks and Units investment portfolio $CAN 

Bank of Nova Scotia (BNS)

Methanex Corporation (MX)

Fortis Inc. (FTS)

Pembina Pipeline Corporation (PPL)

iShares S&P/TSX Capped REIT Index (XRE)

New Flyer Industries Inc. (NFI)

TMX Group Inc. (X)

K-Bro Linen Inc. (KBL)

TransCanada Corp (TRP)

Canadian National Railway Co (CNR)

Enbridge Inc. (ENB)

Emera Inc. (EMA)

Loblaw Companies (L)

Savaria Corporation (SIS)

WSP Global Inc. (WSP)

George Weston Limited (WN)

Power Corporation of Canada Subordinate Voting Shares (POW)

Intertape Polymer Group Inc. (ITP)

Power Corporation of Canada Subordinate Voting Shares (POW)

BCE Inc. (BCE)

Canadian Imperial Bank Of Commerce (CM)

TOTAL: $151,459.70  

Stocks and Units investment portfolio $US:

Berkshire Hathaway Inc. (BRK.B)

General Mills Inc. (GIS)

Vanguard Russell 1000 Growth Index Fund (VONG)

Pfizer Inc. (PFE) 

TOTAL: $4,864.65 US: $5,985.47 CAN 

 

Tax-free savings account (TFSA):

Dumont Nickel Inc. (DNI)

CT Real Estate Investment Trust (CRT.UN)

Canadian National Railway Co (CNR)

Exchange Income Corporation (EIF)

Brookfield Infrastructure Partners L.P. (BIP.UN)

Brookfield Renewable Energy Partners L.P. (BEP.UN)

Andrew Peller Limited (ADW.A)

Toronto-Dominion Bank (TD)

Boyd Group Services Inc. (BYD)

Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)

Data Communications Mgmt (DCM)

LifeWorks Inc. (LWRK)

Royal Bank of Canada (RY)

Park Lawn Corporation (PLC)

Toromont Industries Ltd (TIH)

BCE Inc. (BCE)

Boralex Inc. Class A Shares (BLX)

Savaria Corporation (SIS)

Northland Power Inc. (NPI)

Calian Group Ltd. (CGY)

Canadian Utilities Limited (CU)

WSP Global Inc. (WSP)

Granite Real Estate Investment Trust (GRT.UN)

Cargojet Inc. (CJT)

Nutrien Ltd. (NTR)

TFI International Inc. (TFII)

Canadian Imperial Bank Of Commerce (CM)

SIR Royalty Income Fund (SRV.UN)

ATCO Ltd. (ACO.Y)

Aecon Group Inc. (ARE)

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A)

Metro Inc. (MRU)

Alimentation Couche-Tard Inc. (ATD.A)

Fortis Inc. (FTS)

CGI Inc. (GIB.A)

TMX Group Limited (X)

Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC)

Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)

Suncor Energy Inc. (SU)

Rogers Communications Inc. (RCI.B)

Telus Corp (T)

JFT Strategies Fund Class A Units (JFS.UN)

Bitcoin Fund The Class A units (QBTC)

Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B)

3iQ CoinShares Ether ETF (ETHQ)

Tilray Inc (TLRY)

North West Company Inc. (The) (NWC)

Bank of Nova Scotia (BNS)

National Bank of Canada (NA)

Stelco Holdings Inc. (STLC)

Hammond Manufacturing Company Limited Class A Subordinate Voting Shares (HMM.A)

Saputo Inc. (SAP)

Labrador Iron Ore Royalty Corporation (LIF)

Intertape Polymer Group Inc. (ITP)

Parex Resources Inc. (PXT)

Wescan Energy Corp. (WCE)

TOTAL: $124,643.42

RSP investment portfolio: 

Emera Incorporated (EMA)

Ovintiv Inc. (OVV)

Toronto-Dominion Bank (TD)

Telus Corp (T)

Royal Bank of Canada (RY)

Savaria Corporation (SIS)

Thomson Reuters Corporation (TRI)

Park Lawn Corporation (PLC)

Richards Packaging Income Fund (RPI.UN)

Toromont Industries Ltd (TIH)

CAE Inc. (CAE)

CGI Group Inc. Class A Subordinate Voting Shares (GIB.A)

Boralex Inc. Class A Shares (BLX)

Quebecor Inc. (QBR.B)

Logistec Corporation Class B Subordinate Voting Shares (LGT.B)

Brookfield Renewable Partners L.P. (BEP.UN)

Leon's Furniture Limited (LNF)

Bank of Nova Scotia (BNS)

Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)

Cascades Inc. (CAS)

JFT Strategies Fund Class A Units (JFS.UN)

AirBoss of America Corp. (BOS)

Suncor Energy Inc. (SU)

Pender Growth Fund Inc. (PTF)

Rogers Communications Inc. Class B Non-voting Shares (RCI.B)

ATS Automation Tooling Systems Inc. (ATA)

Algoma Central Corporation (ALC)

Finning International Inc. (FTT)

Guardian Capital Group Limited (GCG)

Information Services Corporation Class A Limited Voting Shares (ISV)

Interfor Corporation (IFP)

Maple Leaf Foods Inc. (MFI)

National Bank of Canada (NA)

Nutrien Ltd. (NTR)

Open Text Corporation (OTEX)

Taiga Building Products Ltd. (TBL)

Vitreous Glass Inc. (VCI)

Power Corporation of Canada Subordinate Voting Shares (POW)

North West Company Inc. (The) (NWC)

Whitecap Resources Inc. (WCP)

Parex Resources Inc. (PXT)

North West Company Inc. (The) (NWC)

Total: $66,813.83 

CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $3,447.36

Others: $1,159.90

NBI Income Fund: $1,225.21

Manulife Fidelity NorthStar GIF CAP

Manulife Simplicity Growth Portfolio 

Maritime Life CI Harbour Seg Fund

Maritime Life Fidelity True North Seg Fund

Manulife GIF MLIA B World Invest

Total: $8,030.31

Other various: $25,315.12

TOTAL: $105,991.73

Social Capital at Desjardins Membership share: $35

Online money: $94.82

Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$398,010.84

On the date June 2, 2022

Hello Montreal!

I finally arrived this past Sunday night in Montreal. I spent a few hours in Rivière-du-Loup. At first, I had planned my departure on Saturday, but it was rainy on that day so I decided to switch for the next day. My old folks didn't do much as activities and I wanted them at least to have a great day. Those are among the last pictures I took from our backyard. Following the heavy rain, we had a little flooding situation, but nothing dangerous:

The river was quite high when I left. It's a good thing I change my departure date for Sunday because we were able to really enjoy the outdoors and it was quite fun. I took a few pictures when I was around Kamouraska on the bus, because it was just too pretty:

And here's Rivière-du-Loup:

So far, I had quite a busy week cleaning my apartment and tidying up my little belongings. When I was still in New Brunswick, I taught about going to Ottawa for two days, but I had been too busy. I have a confession to make. During my first days back in Montreal, I went shopping without the mask on. It felt quite liberating!!! It was during the weekdays, so there weren't many people around. But now, I am wearing the mask back again. I didn't get COVID so far. I don't want to get sick anytime soon.

 

I got my fourth vaccine shot against COVID earlier this week, and I was able to get registered the third vaccine shot that I got while being in New Brunswick in to my Quebec vaccination passport. For my fourth shot, I could choose between Moderna and Pfizer. I choose Pfizer.

The Bank of Canada finally took responsibility and increase again its prime rate. It's not fun for the many homeowners who have a mortgage, but it's an increase that we really needed in order to properly fight back inflation. I am pretty sure no one wants to be in a situation where you need to go to the food bank because you cannot afford groceries... Like in Venezuela where citizens cannot support their living properly. I felt more the inflation in New Brunswick with gas, and groceries that are also more expensive in New Brunswick than in Montreal. 

Here in Montreal, I obviously have no gas expenses to pay for. I have to say, after spending so many months in New Brunswick, it's quite liberating to be back to my apartment in Montreal. When I first stepped in, it surprised me how small my apartment is, after spending so many months in an actual house, with a living room, a kitchen, a backyard... But I adjusted quite quickly. At $710 per month, it would be difficult to find another apartment under $800 and I am not willing to search for that anyway.

These days, the TSX is in a good place. Yesterday, my non-registered portfolio closed the session at $149,192.53, my US portfolio at $4,854.77, my RRSP stocks-only portfolio at $66,034.11, and my TFSA portfolio at $122,969.59. For today so far, my numbers are even stronger. Currently, I suspect my net worth to be in the $351,000 - which is only about $9,000 away from my highest net worth ever of April 20, 2022.

Meet my investment portfolio intruder: Wescan Energy Corp. (WCE)

After BNS, both Royal Bank of Canada (RY) and Canadian Imperial Bank Of Commerce (CM) announced today some interesting dividend increases. Unfortunately, Toronto-Dominion Bank (TD) decided not to increase its dividend yield. That's totally fine with me. I prefer to have a safe, steady dividend income, rather than having to deal with dividend cuts later on. On the other hand, you have BMO Bank of Montreal (BMO) which didn't meet expectations but decided to increase its dividend distribution anyway, which is pretty much irresponsible coming on their part. It's easy to be successful over the TSX by sticking to boring stocks like banks, but you still need to be gifted with good grounded common sense to be able to recognize the good investments from the bad ones. In my opinion, that's the only quality that an investor needs to have. And you'll also need to be super careful while entering your buy orders online in your broker account... You'll understand where I am going with this in a moment. :-)

But before, I wanted to say that my annual dividend income from all of my investment portfolios is now at a good $11,275.54. The $12,000 is not out of reach. On top of that good news, the TSX closed today's session on a very good 20,532.18 points. My non-registered portfolio closed today session at $147,666.08, my US portfolio at $4,868.43 US, my RRSP stocks-only portfolio at $65,650.68, and my TFSA portfolio at $122,734.46.

I never wrote anything on this blog regarding Wescan Energy Corp. (WCE). Only if WCE only appears one single time in this blog, and that is in my investment portfolio update of this past May 20. The "intruder", Wescan Energy Corp. (WCE), stands there, shyly, inside my TFSA portfolio, hoping that no one will notice... It would have come to be sooner or later eventually, but it arrived quite soon actually, someone notice the intruder in my TFSA portfolio... Unfortunately for me. 

I, unfortunately, have to confess that I did a trading mistake when I enter my order. I wanted to invest in Jean-François Tardif's Whitecap Resources Inc. (WCP), and not in the little Wescan Energy Corp. (WCE). Even if you see the name of Wescan Energy Corp. (WCE) as my last stock entry for my TFSA portfolio, it doesn't mean anything. In this unfortunate move, luckily, the investment made was very very small so no worries.

All this to say that you need to remain focused while entering your buying - or selling order online. Personally what happen - I remember clearly - is that I had a few stocks that I wanted to buy, and I did. But I place my buy orders on a day where I had exchanged my shit with a colleague and I had started my day quite earlier than usual. When I change shifts, I am always getting tired at some point during the when I do so. Basically, it's not a good idea to place trades when you are tired...

In Stockopedia, my unwanted Wescan Energy Corp. (WCE) appears on a short-selling screen, which is never good when your main goal is to actually invest and not trade... Basically, Wescan Energy Corp. (WCE) is a big no-no. I do not recommend WCE as an investment and I am terribly sorry that I tried to hide that mistake from my beloved readers.

Sorry sorry sorry.

Bank of Nova Scotia (BNS) boost up its dividend distribution. LET'S GO! :-)

I was going to start this post with an "I hope you enjoyed the long weekend", but I know it's been a very rough one for too many Canadians. Some still don't have electricity yet. For the past few days, even in New Brunswick, the weather had been quite hot, so warm that I needed to buy some summer clothes as my summer wardrobe is all in Montreal... We heard some strong thunder in the sky during the weekend, and we got heavy rain, but nothing devastating. Where I am located in New Brunswick, we are in a valley, which seems to protect us from any bad weather. We are surrounded by mountains, as you can see from those pictures. You simply cannot have a more beautiful backward than this.

We have also some beautiful flowers coming out all over the place:

Today, the fabulous Bank of Nova Scotia (BNS) announced an increase in its dividend distribution. Luckily, this brings my annual dividend income to exactly $11,228.86. When it comes to my non-registered ad TFSA, my dividend income is now equivalent to over $780, which is quite good. I had a small amount available in my TFSA, so I decided to invest in the Canadian Imperial Bank Of Commerce (CM). Bank of Montreal (BMO) also came with its Q2 result, but they were barely met. I own many of the big bank stocks - BNS, CM, RY, TD. Bank of Montreal (BMO) is not from my investment portfolio, and there are some good reasons behind that. One of those reasons is quite simple: I only want to hold on to the best Canadian banks in my portfolio and Bank of Montreal (BMO) is simply not up to my standards. I never found Bank of Montreal (BMO) to be an interesting and appealing stock.

The TSX closed today's session at 20,383.75 points. My non-registered portfolio closed today session at $146,584.68, my US portfolio at $4,829.32, my RRSP stocks-only portfolio at $65,254.34 and my TFSA portfolio at $122,153.64.  

I am leaving really soon for Montreal and I am somewhat excited. 

In the meantime, I have quite some stuff to do as I am cleaning up my papers and everything. I already went through many papers and old floppy disk stuff, which really helped to clean up some drawers. Back in the days (I am talking of more than 20 years ago), the only way to save files from a computer was by using floppy disks - and maybe also by burning a disk. The only way to have a backup for files was to copy them again on another floppy disk... I was the queen of backup disks because I had so many of them... Those floppy disks took some serious space, were heavy (when you had many of them), and were so not convenient! But now, I am proud to say that I have put all of those floppy content on my laptop, I also put a copy on two external hard drives, and one day, I will go through all those files' content... One day. For now, that floppy cleaning process had been done, and it was quite liberating. I still have a lot to do in my papers, unfortunately, but I did quite a lot.

Actually, I am looking forward to reducing the things that I don't need and reducing my mass of papers. I am slowly getting there.