This past Friday session, my non-registered portfolio closed the session at $138,768.41, my US portfolio at $4,835.15 US, my RRSP portfolio - stocks only - at $66,165.31, and my TFSA portfolio at $127 467,98. I estimate my net worth to be currently somewhere in the $338,000.
A few news comers that I welcomed in my RRSP portfolio not too long ago are doing-especially well:
Algoma Central Corporation (ALC): +0.76%
Finning International Inc. (FTT): +1.70%
Maple Leaf Foods Inc. (MFI): +4.66%
Nutrien Ltd. (NTR): +6.17%
I have great news regarding Algoma Central Corporation (ALC). In her "what to buy in February" most recent post, Susan Brunner announced that she added Algoma Central Corporation (ALC) to the list of stocks that she's following in the industrial sector. Personally, I have a preference for the industrial sector. It's the main reason why I was happy to add Finning International Inc. (FTT) to my RRSP investment portfolio.
As you can see below, Finning International Inc. (FTT) has quite a rocky overall chart:
While browsing over Stockopedia to find new stock ideas, I usually avoid stocks that show something similar to this, a rocky overall chart that goes up and down, up and down.
What I am actually looking for looks a bit like this:
This is actually JFT Strategies Fund Class A Units (JFS.UN) overall chart, which is very good. A chart tells about the nature of a stock. As a "retail" investor - I hate that expression of "retail investor" - I always try to invest in top-notch quality stocks. Sometimes, I am a bit more adventurous, I had invested in a pot stock - Tilray Inc (TLRY) - which happens to be quite disastrous, but I don't mind holding it. However, I learned my lesson, no more pot stocks for me. I also had been quite adventurous with my crypto investments:
Bitcoin Fund The Class A units (QBTC): -19,93%;
Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B): -26,24%
3iQ CoinShares Ether ETF (ETHQ): -15,40%
When I first invested in those funds, I had been lucky. At first, I had been able to place quick buy and sell moves at profit. It was exciting and fun. Unfortunately, at a certain point, I got stuck in the game. I was no longer able to sell at profit. I decided to simply hold until recovery. Both Bitcoin and Ethereum are super volatile, but at the same time, it's that exact volatility that makes it possible to make quick and easy money while trading crypto funds.
For the past couple of days, Bitcoin and Ethereum had both gained in value, which is encouraging. Sometimes, it takes a bit of time to get out of a hole, but I am confident I will be able to sell my units at profit one day or the other. I am not a super fan of Bitcoin, I only get it because it was way too attractive and I had been weak, but I really wanted to make some money out of some trades and it was fun for the time it lasted. When I first stepped into that fun game, I knew what crypto was super volatile, and it's for that reason that I suggested not to invest more than you could afford to lose in a previous post.
One thing is for sure, Bitcoin will never replace gold as a valuable investment.
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