Yesterday $234,852.72 net worth really surprised me. While noticing that my non-registered portfolio was exceeding the $110 000 value, I knew I have just no other choices than to update my portfolio.
The countdown continue... As announced yesterday, I actually moved on with my idea. This morning, at the TSX opening, I sold all of my Richelieu Hardware Ltd. (RCH) shares. Richelieu Hardware Ltd. (RCH) was a part of my TFSA portfolio since 2017. Until yesterday, RCH never been a success story in my portfolio. I saw my investment in RCH loosing as much as -$300 and more in value. My shares never really reached a positive territory. Richelieu Hardware Ltd. (RCH) value started getting better in the mid-July of this year. Yesterday was an over the edge performance for RCH. I had been waiting for 4 long years for that moment, but it's only yesterday that RCH began to finally deliver. This could mark a new era for Richelieu Hardware Ltd. (RCH). Maybe RCH is in for more gain. However, after waiting for 4 years, I wasn't going to waste any more time when it comes to Richelieu Hardware Ltd. (RCH). I am turning 40 in exactly 9 DAYS and I just have no more time to waste. I am not investing it stocks to glorify themselves, the effect wanted is actually all of the opposite. I want the businesses that I invest in to make me look good and push me over directly in the $300 000 net worth direction. Nothing too complicated to understand.
Just in case that you are wondering, I decided not to sell iShares S&P/TSX Capped REIT Index (XRE). XRE will remain for now in my non-registered portfolio, where it belong. I am afraid that if ever I sell XRE, I will lose up the "charm", and stop being successful with my portfolio.
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