This past Friday had been acceptable over the TSX, in the sense that we closed the day in the 16 000 points. My non-registered portfolio closed the session at $102,546.60, my TFSA portfolio at $93,699.99, and my RRSP portfolio at $50,226.05. As announced previously, my credit line debt had now been paid off, but I currently have no saving - just the amount it takes to pay off my rent next month and the unfortunate bank fees. My margin debt is currently at $47,375.
I have over $500 in cash inside my TFSA portfolio. At first, my idea was to transfer that amount over my margin debt, but I now prefer to place a small investment using that money. For the moment, I was thinking about JFT Strategies Fund Class A Units (JFS.UN). I would like to invest in JFS.UN before the units hit on the $20 value. And I would only place a small investment in JFT Strategies Fund Class A Units (JFS.UN) because most of the years, that Jean-François Tardif fund doesn't pay any dividend distribution.
Other than JFS.UN, I had come with a few investment ideas that I tracked down on Susan Brunner's blog. I had found my inspiration in those three posts: here, here and here. Here are a few stocks that I could pick as a future investment. When I check on a list of stocks like those lists, I always check on first the overall chart. By the overall chart, I mean the chart since the really first day that the X stock began is live on the TSX. I need a good-looking chart that says that the X stock had recovered from past crises, like the stock market crash of 2008. I need to see that the stock had exceeded the value of before the 2008 crisis. I also need to see a continuous rise in the price of the stock. I need to see steady growth. A perfect overall chart will speak for itself in terms of the quality of the stock that I am looking into. I am also only looking into stocks that I am not currently holding as an investment. I came with that list:
National Bank of Canada (NA)
Dividend distribution: 4.237%
Sector: Financial Services
Stock price: $67.03
Algonquin Power & Utilities Corp. (AQN)
Dividend distribution: 3.97%
Sector: Utilities
Stock price: $20.66
PFB Corporation (PFB)
Dividend distribution: 2.163%
Sector: Industrials
Stock price: $16.64
Premium Brands Holdings Corporation (PBH)
Dividend distribution: 2.343%
Sector: Consumer Defensive
Stock price: $98.61
Innergex Renewable Energy Inc. (INE)
Dividend distribution: 2.848%
Sector: Utilities
Stock price: $25.28
Empire Company Limited Non-Voting Class A Shares (EMP.A)
Dividend distribution: 1.384%
Sector: Consumer Defensive
Stock price: $37.57
CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
Dividend distribution: 1.315%;
Sector: Consumer Cyclical
Stock price: 54.75$
Ritchie Bros. Auctioneers Incorporated (RBA)
Dividend distribution: 1.444%
Sector: Industrials
Stock price: $81.16
Kirkland Lake Gold Ltd. (KL)
Dividend distribution: 1.078%
Sector: Basic Materials
Enghouse Systems Limited (ENGH)
Dividend distribution: 0.775%
Sector: Technology
Stock price: $69.70
Waste Connections Inc. (WCN)
Dividend distribution: 0.725%
Sector: Industrials
In that list, I am less interested in Algonquin Power & Utilities Corp. (AQN) and Innergex Renewable Energy Inc. (INE) because I already hold FTS, BLX, and EMA, which are also in the same Utility sector.
I am less attracted by stocks who are expensive, like Premium Brands Holdings Corporation (PBH), Ritchie Bros. Auctioneers Incorporated (RBA), and Waste Connections Inc. (WCN). I would be tempted to invest a smaller amount in those expensive stocks. I don't know if you remember, but PBH used to be in my portfolio back in the days. I had displayed my list by stocks that had the highest dividend distribution, but I had written this quite often: you shouldn't only consider the dividend when it comes time to pick investment for your portfolio. Dividends are important, but many things come to play. I already have many bank stocks in my portfolio, but adding National Bank of Canada (NA) in my portfolio couldn't hurt.
In that list, I think that my favorite stock pick is Empire Company Limited Non-Voting Class A Shares (EMP.A).
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