Targeting my next investment: Hardwoods Distribution Inc. (HDI), you are MINE

With the TSX closing at 19,108.33 points, I taught my numbers were going to be a lot weaker than they are, but oh surprise, my non-registered portfolio closed Friday session at $123,660.12. I exceed by close $500 my good results of April 16, 2021. 

At that time, on the special day when my net worth reached its highest value ever, $297,614.64, my non-registered portfolio closed the session at $123,166.28. This $123,660.12 non-registered portfolio is kind of putting me in a good position to finally hit on the 300k. I am pretty sure it will happen in May. Like usual, Bitcoins value went down following its record high. But currently, Bitcoins seem to be in a recovery mode. My TFSA portfolio closed this past Friday session at $116,194.91 and my RRSP portfolio - stocks only - at $57,369.79.

In my TFSA portfolio, I hold two Bitcoin funds, who are doing ok:

Bitcoin Fund The Class A units (QBTC): +$166 

Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B): +12.97$

I am in for more gains and for that reason, I am holding those two, and I will sell later on. I am not in a rush.

My US portfolio closed this past Friday session at $4,225.14 USD. Like any investors who like to take themselves seriously, I hold a few shares of Berkshire Hathaway Inc. (BRK.B). Inside my US portfolio, BRK.B is on a gain of +89.95%. Berkshire Hathaway Inc. (BRK.B) had been in my US portfolio since August 2016. This weekend, it was the Berkshire Hathaway’s Shareholder Meeting. Just like for Jean-François Tardif, inflation is a concern for Warren Buffett. I am trying to spend my money with more intelligence, so I can deal with inflation. The only way to fight inflation is to spend less, build up more savings, and invest when the TSX is down. The COVID had made that process quite easy. 

I am trying not to spend any money on clothes for the summer, no purse, no nothing at all. Don't feel sorry for me. My closet is full of clothes, I have many summer dresses and I do not need anything. But like many girls, I like to go shopping. I never really restrict myself on any spending for a long time, but now with that inflation thing, and especially now that I am just so close to the 300k, it worth it to be smarter on how I spend my money. I also want to restrict myself on not to have my hair cut until at least the month of September. This is going to be a bit difficult for me as I wear my hair quite short and I like to have them that way, but we'll see. Between now and the end of August, I hope to save $6,000. We'll see how it goes.

My goals are quite simple. I want 3 things: 300k net worth, invest in something new sometime in the next few months, and build up to $10,000 in savings by the end of August of this year. I think a 10k in savings would just make common sense in a portfolio that is now close to 300k.

I think I have target one possible investment for my portfolio in the company of Hardwoods Distribution Inc. (HDI). It's never an easy task to pick a new investment for my portfolio, since I already hold so many great stocks. However I believe there're always great opportunities on the TSX and there are always out there some great stocks that I may have never heard of, or maybe look at too quickly. It's important to keep searching for new opportunities. Also, I want to keep searching because when I will be selling the shares I own of Bitcoin Fund The Class A units (QBTC) and Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B) at a big huge profit, I will have some money to invest - again.

This weekend, ''Warren Buffett warns investors not to gamble on stocks''. The article goes like this: "Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway's annual meeting Saturday. Buffett said it can be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,000 car companies, and nearly all of them failed even though cars have transformed the country since then. “There’s a lot more to picking stocks than figuring out what will be an incredible industry in the future,” Buffett said. “I just want to tell you that it’s not as easy as it sounds.”"

I don't like that someone like Warren Buffett, who's an important figure in the world of finance tries to mystify the act of investing in stocks. I would like to be reassuring and explain that it's quite easy to invest in stocks. And in Canada, it's quite an easy task to target high-quality stocks to invest in. The only reason why I am so close to reaching a $300,000 net worth is that even though I only invested small among of money, but did so in high-quality stocks, mostly Canadians, over time, the rewards are big. 

If you stay away from junk stock craps, as the type of what is desperately selling Genevieve Roch-Decter with her Grit Capital, you'll be widely successful. Don't let Warren Buffett scares you of the long-term rewards that offer the TSX. And don't do blind on junk stocks who are being promoted by Genevieve Roch-Decter and so many others on the Web.

Last news but not least, finally, after waiting several months, the merger between Tilray Inc. and Aphria Inc. (APHA) is going to happen. This is probably going to have a positive effect on my TFSA portfolio.