I was glad to see the TSX on the 12 000 points mark. And it
seems it will remain there for now. My non-registered portfolio closed today session
at $121 577.82. I now have the new TD Waterhouse template display in my
account. So I can tell you that my non-registered is at -3.02%.
I have $51 709.54 of money used on margin and on date of
yesterday, I have $14 427.60 left on the margin. The numbers are not so bad. I
am looking to decrease my margin at 50k and on the long term, 45k.
Yesterday, I have send a request online asking TD to
increase my credit card from 8 to 16k. I will use the 1.99% promotion on credit
card balance transfer to pay half of my RRSP loan and use the rest of the money
to invest. Fact is, RRSP loans are not eligible for tax credit. I had been
carrying that loan for quite a while and I would like to see it out of my face,
even partially.
The stock markets and both US and Canada are getting better
and from what I read, analysts are confident that we are just going to rock it
almost like in the before 2008. I read very optimistic review, maybe even too
optimistic. Anyway, I decided to follow the flow and I have many stocks I want
to invest in.
Here are my wanted stocks list:
Central Fund of Canada (CEF.A). Gordon Pape talked about
CEF.A in one of his latest article. I find it a great way to invest in gold and
silver. By investing in the Central Fund of Canada, you are getting into a
diversify product, and not only in silver or gold, but a mix of both and even
more.
Labrador Iron Ore Royalty Corp (LIF). The Maritimes are the
home of the Dividend Girl but not only that, they have some good companies to
invest in. Labrador Iron Ore Royalty Corp (LIF). The dividend is not much, but
a Maritimes stock will bring in luck ion your portfolio because hot and smart
chicks like myself can only come from one place on earth: the Martitimes.
Black Diamond Group Ltd (BDI). I discovered this one all my
myself (just too smart) by entering in the letters B-D-I. And there I got Black
Diamond popping out. I like this one, don’t ask me why. The Web site of the
company look a bit underground, like kind of old. I like it and it just keep my
interest in the company. Just like you and pink blog... Simply Irresistible.
I have a long term love story with Jean-François Tardif. I
first invested in Premium Brands Holdings Corp (PBH) when the company was
still, if I remember correctly, a .UN company. Ever since, the investment
perform well in my portfolio. So now, I am looking forward to get a bit more of
Jean-François Tardif in my portfolio since I cannot get him in my bed.
LOL.
BAD and DCI – both on the TSX are stuff that I am looking
into.
As you can imagine, it take a great deal of cash to keep
myself going on the market. At this time, I would like to pay off my RRSP loan
and continue to invest in my non-registered portfolio because its the only way
how I will be able to get a + instead of -.
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2 comments:
Sunny, always impressed with how hard you work at your stocks. i wonder though if maybe it would be an idea to sell some of those losers..get the tax rebate and cash for more decent profitable stocks instead of borrowing more money. the stock market is going to remain a real challenge , i think. have a look at interpipe..always up on down days.
Thanks Ruth. Right now, my non registered portfolio, even while holding some investments who are not doing very good, is at -3%, so its not that bad.
Fact is, I am doing very well on some stocks, but some others are giving me a very hard time. Am I ready to sell my bad stocks and reinvest the money? My answer is NO.
I once sell Yellow Pages when it was time, but other than that, I am not seeing any obligation to sell for any stocks that I hold at this time.
For sure, I will be more careful in the future and I am looking to increase my portfolio in quality stocks.
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