Luckily, the TSX closed this past Friday session exceeding the 16 000 points. My non-registered portfolio closed at $101,451.41, my TFSA portfolio at $91,270.96 and my RRSP portfolio at $49,235.68. I had been busy and in result, I didn't place any new investment for my RRSP. So I still have a little $528 in cash inside my RRSP stocks portfolio. Other than JFT Strategies Fund Class A Units (JFS.UN), I came along with a stock that been highlight lately by BNN: Cascades Inc. Unlimited (CAS).
This past Friday session, one of my latest investment, Power Corporation of Canada Subordinate Voting Shares (POW) registered a great gain of 2.76%. Since "inspection" inside my non-registered portfolio, POW had registered a capital gain of +15.82%, which is quite great, especially in this pandemic environment.
I notice that BNN talked from time to time about Cascades Inc. Unlimited (CAS). CAS could be an interesting bet. JFT Strategies Fund Class A Units (JFS.UN) can bring in stability for the few dollars I currently have available to invest, but JFS.UN won't bring in any cash dividend. Dividend distribution is extremely important. It's because of the dividend I earn inside my RRSP portfolio that I can make a new stock investment inside that same RRSP stocks portfolio. And that's quite a precious process because even small investments made from time to time can bring on a lot of richness over time. I think I am a living illustration of that.
I used to be invested in JFT Strategies Fund Class A Units (JFS.UN), but I dislike my experience with that fund. When the TSX was rocking my world, the JFS.UN was in slow motion. As an investor, I wasn't feeling much alive when JFT Strategies Fund Class A Units (JFS.UN) was from my investment. JFS.UN doesn't pay any dividend distribution on a steady continuous way. Back in the days, when JFS.UN was in my portfolio, JFS.UN paid dividend about one time only, from what I can remember. You cannot rely on JFT Strategies Fund Class A Units (JFS.UN) for a continuous dividend distribution. It only pay dividend once in a tiny while. JFS.UN value is steady, but it never jump out in the sky in term of capital gain. You can compare JFS.UN to just an ETF, but a good one, that will never bring in high expectations in term of value.
It's why I prefer to keep thinking and it make me somewhat of a pandemic activity. There's never been a better time to search for perfect investment ideas, because perfection is hard to find. Cascades Inc. Unlimited (CAS) is not exactly perfect. If you want understand what I mean, I would say that POW is what you could considered as being a perfect stock.
3 comments:
I cannot find CAS. IS it from the US or Canada? What sector is it?
CAS is Cascades Inc. Unlimited, trading ticket CAS in Canada, TSX stock :
https://money.tmx.com/en/quote/CAS
And for the US:
https://money.tmx.com/en/quote/CADNF:US
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