Welcome in my non-registered portfolio BCE Inc. (BCE) and Stella-Jones Inc. (SJ)!

The transfer of my Data Group Inc. (DGI), Sprott Inc. (SII) and Chorus stocks over my TFSA is completed. In result of that transfer, my non-registered portfolio closed yesterday session at $116 126 and the effect was spectacular; I had a gain of 8% in my portfolio. The gain is in result of the transfer of a couple of losers of mine over my TFSA. And during that time, my margin has left $10 714 on it.

But now, the gain are even more. The reason being quite simple, its because I used this week paycheck to invest in 2 new stocks: BCE Inc. (BCE) and Stella-Jones Inc. (SJ). Stella-Jones is new to my non-registered portfolio, but its not all new to the Dividend Girl. I had been holding on some Stella-Jones stock in my portfolio since March 2013. I plan to perform a long time trade on this one. My plan is to sell my Stella-Jones stocks once they will have gain 60%. It may take a while, but if lucky, I will be able to cash in some great return in 2-3 years and, why not, even earlier.

In result of today latest purchase, my non-registered portfolio is at $117 825.94, +10%, $10 700+. And now, let keep things that way!

That's nice! However, keep in mind, I had lost a couple thousands on the losers I had transferred over my TFSA. The reason why I transferred them over is that I didn't want to sell them. And since SII, DGI, CHR.B had lose their loan value, I decided to transfer them to my TFSA. Its a decision that can be easily critical, but it is my decision.

I made a great deal of money on Stella-Jones Inc. (SJ) inside my RRSP account, so I decided to repeat the experience in my non-registered account. I also decided to let know Derek Foster about Stella-Jones because time had come for the man to get back on the Canadian side. See what I mean? So does Derek Foster knows Stella-Jones? And if so, does he likes the stock?

Do you want to find out?

Me tooo!!

Ok so here it goes:

"I am familiar with the company (railway ties and utility poles).  Good, simple business and very low-tech, which is great.  I just don't know what keeps competitors from competing and undercutting their price?  Is their comparative large size a benefit that keeps costs down?  I don't think customers seek out their products specifically, so they need a cost advantage with a commodity product...  I feel I've mostly missed the boat already - up almost 100% over the last year....but the whole market has been on a tear the last year or so...

 

Thanks for emailing and hope you enjoy your summer also.  Cheers, Derek"

Well, one fact for sure, I haven't miss the boat because I had been on Stella-Jones case for the past couple of months. Did I pay too much today for my new investment in Stella-Jones? I don't think so. Future will tell is sexy kitten was right or wrong on this one.