Welcome in my TFSA and RRSP portfolio Rogers Communications Inc. (RCI.B)!

It's only earlier this morning that I decided to invest in Rogers Communications Inc. (RCI.B). It wasn't exactly planned. During The Open at BNN, Jon Erlichman explains that Rogers’s stock was losing value, and it’s when I decided: OK let's invest in Rogers! I had some money available inside my RRSP and TFSA portfolio, so I invested those small amounts in RCI.B. If Rogers stock goes lower tomorrow, I may invest again in it, maybe something like $1,000 or something. I am under the impression that Rogers Communications Inc. (RCI.B) is doing to lose another 5% tomorrow morning, but that’s just my opinion.

The ugly saga regarding Rogers Communications Inc. (RCI.B) and Edward Rogers so wanted-to-be CEO is still ongoing. It's certainly not fun to watch. Imagine Loretta Rogers, who's in her 80s, having to deal with her narcissistic son... One of Edward’s sisters, Martha Rogers, is not keeping quiet on this betrayal. However, I don't know if she's doing the right thing by writing on Twitter:

Personally, I wouldn’t react on Twitter or Facebook. I am not a fan of social media. It’s just not the place to react to things like that.

At this point, I don’t know what Edward Rogers plans are, but he’s not really popular and his ambitious plans are most likely to fail. As a result of all this mess, RCI.B stocks registered losses of close to 6% today. This saga is damaging Rogers’s image, but the good services that Rogers provides to its consumers won’t disappear overnight because of this mess. It’s always difficult to invest in a stock that is experiencing a downturn. 

In this case, I am confident with my move because this downturn that is currently experiencing Rogers Communications Inc. (RCI.B) is not a matter of quality, but only a matter of family problems. Personally, I will go much harder on Edward Rogers. If I were a Rogers’ family member, I would go to the police and put him under arrest. If nothing of this nature is being done, this would mean that the Rogers family has lost all control. Or maybe they are on Edward Rogers’s side after all but are not willing to admit it publicly. See, this is leading to all sorts of bizarre contortions. Currently, the Rogers family members are not in control of the situation and it’s quite frightening.

My non-registered portfolio closed today session at $138 912,18, my RRSP stocks only portfolio at $62 256,60 and my TSFA portfolio closed in its highest value ever, on a fabulous $131 426,11. I estimate my net worth to be in the $338,000. The $340k net worth is not far away. I was watching The Open at BNN this morning. Jon Erlichman was talking and at a point, a graphic show that so far this year, the TSX gains +30%! And that’s why my net worth is in the $338,000 right now.

This is, of course, awesome, but in this environment, it's difficult to find good-quality stocks at a fair price. There's always good stuff you can find, but it can be hard to find. Susan Brunner regularly writes her "Something to buy" series on her blog. For me, this drop in Rogers Communications Inc. (RCI.B) value represented a good opportunity. It’s difficult to find a good quality stock at a fair price, but it’s also difficult to find a good quality stock that pays at least a 3% yield... Rogers Communications Inc. (RCI.B) has it all.

Now, all the family drama has to come to an end, and quickly, please.