Pages

Monday, January 31, 2022

Is it time to partly sell my investment in ATCO Ltd. (ACO.Y)?

Nice gains for the TSX today, which is backing a comeback in the marvelous 21,000 points - closing at exactly 21,098.29 points. I just love days like this! Days with a +300 points gain are quite rare and need to be celebrated when it happens. My non-registered portfolio closed today session at $138,405.17, my US portfolio at $4,830.32 US, my RRSP portfolio - stocks only - at $66,194.89 and my TFSA portfolio at $125,492.09.

I received earlier today a "contest" email from National Bank Direct Brokerage saying if I contribute $1,000 to my TFSA or $500 to my RRSP account by March 1th, I was entitled to win one of the 20 prices of $1,000. That's quite nice. It's all I needed to quickly push my TFSA contribution. It's a real shame, but so far for 2022, I didn't contribute to my TFSA, but I, however, contribute to my RRSP. I wasn't really excited to contribute to my RRSP, but now that I am getting quite established, and that my net worth is still probably in the $320,000-$330,000, I decided that investing a few thousand in my RRSP wouldn't hurt, especially to enjoy a little tax break. I am probably close to an income of $70,000 for 2021. I think I will be able to contribute to a 1k for my TFSA portfolio before the end of February.

Tomorrow, we'll already be in February. Time is passing by more or less quickly. The weather was still cold today. We have a mix of days where the weather is very cold, and then it became a bit better. I usually don't go out when it's a -20. While dealing with this bad weather, I watch closely my stocks and my investment portfolios I am just hoping that 2022 will bring it a bit of stability. All that volatility is a bit hard to take, especially during this pandemic. It seems like the stock market is the only place to enjoy somewhat of a comfort zone. I am looking forward to hitting on the $140,000 inside my non-registered portfolio.

ATCO Ltd. (ACO.Y) had always been of a difficult holding of mine. Inside my TFSA portfolio, ACO.Y is currently on a loss of -3.15%. Nothing terrible or too hard to see, but after holding ATCO Ltd. (ACO.Y) for such a long time, I would have really appreciated seeing something more sustainable as a reward. I hold many stocks on my portfolio, but I watch closely all of them. Today, ACO.Y gains +3.365%, which is good. Following this happy event, I am asking myself, would it be a good time to partly sell my investment in ATCO Ltd. (ACO.Y)? 

I began to feel a bit impatient. For me, selling something like half of the shares I hold of ACO.Y could help me to be more satisfied with my TFSA portfolio. I may do so.

No comments:

Post a Comment