With the recent changes made to my portfolio, I was curious to find out if my net value was about the same as for last month. Nothing change in that regards, which reassure me. My margin usage is down to $94 670.35. I am been thinking about different scenarios to decrease this amount, but I am not in a run for those moves, at least not yet.
For example: I am thinking about selling TransCanada Corp (TRP) - because of the recent oil leak in Amherst, South Dakota USA. This incident concerns the Keystone pipelin.
Its hard to be a Canadian investor and not to be invested in the oil sector. Enbridge Income Fund Holdings Inc. (ENF) and Emera Inc. (EMA) are two stocks in the oil sector that been in my portfolio since the very early beginning. And not to forget the beautiful powerful Pembina Pipeline Corporation (PPL). The oil sector is almost impossible to ignore. There's just too much money to be made and dividend distributions are really generous. Oil stocks are not always easy to hold, like Suncor for example, but the oil stocks I hold inside my portfolio are pretty easy going.
There's downsides to be involved in the oil sector, and they are mostly ethics. But it seem like we are all a bunch of hypocrites. I hold stocks in the oil sector because of their good capital gains and juicy dividend. Governments allows citizens to continue buying fuel cars when electric ones exist. We continue to exploit our oil resources like if climate change don't matter. In 2017, I don't understand why automobile manufacturers continue to produce fuel cars. There's many little simple things like that who seem so obvious, but its being ignored, or not done, because governments worldwide are lazy and we'll pay sooner or later that laziness.
I am not a good example, I am not a good citizen, I hold oil stocks in my portfolio.
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