Obviously, with a TSX down to 21,176.33 points, the value of my portfolio is also down, but nothing too disastrous. Personally, as long as the TSX remains in the 21,000 points, I will be just fine. My non-registered portfolio closed today session at $138,174.10, my US portfolio at $4,795.22 US, my RRSP portfolio - stocks only - at $65,093.64, and my TFSA portfolio at $127,321.87. Today, I made a small investment in North West Company Inc. (NWC) inside my RRSP portfolio. I was quite happy with it.
North West Company Inc. (NWC) has a nice overall chart. On top of this, NWC pays a nice 4.207% dividend yield. The investment made today in North West Company Inc. (NWC) was a tiny little one, but at least I was able to buy a few shares. I may invest again in NWC. I know this stock and it's the kind of investment that I like: easy to hold, stable - but with growth - and a nice dividend payer.
Yesterday, I comment regarding the calculation of my dividend yield for my investment portfolio. Today, I am getting back on this. Crypto shouldn't be considered as being a good investment option. Personally, I only invest in ETF crypto in an optic to sell them quickly in order to get quick cash. The last time I bought some ETF crypto units in order to perform a quick buy-and-sell move, it didn't work out as expected. To this day, I still hold to my investment in Fund The Class A units (QBTC), Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B), and 3iQ CoinShares Ether ETF (ETHQ).
But no worries, I knew what I was in for when I first started to trade ETF-related crypto funds. I was able to make a little bit of money trading those crypto ETFs last year. It's just that I pushed my luck a bit too much and I continued trying to keep that buy-and-sell rhythm on and on and on. Because crypto ETFs are so volatile, it was simply written in the stars that one day, I wasn't able to perform those quick buy-and-sell moves. Until recently, Bitcoins were making a great comeback - but unfortunately not enough in order for me to sell all of those little units at profit.
My honest opinion on this is: NO, crypto is not good.
Investing in crypto is just a big gambling game. When I started trading ETF crypto I wrote something really smart, not to invest in crypto more money that you can afford to lose. Of course, no one invests to lose money, but it's something I took into consideration while investing in crypto. That was actually a piece of really good advice right there. It's the main reason why I won't invest more than what I actually have in crypto ETFs. I am not even tempted at all. Despite the time that is passing by - too quickly, unfortunately - I am confident that I will eventually be able to sell my crypto units at profit.
These days, the crypto world is definitively not appealing to me. However, I had been watching a new stock that I find out about by reading this article on Stockopedia: Verde Agritech Plc Ordinary Shares (NPK). Trading below $10 per share, Verde Agritech is in the potash industry. It appears clearly by looking at this chart, Verde Agritech Plc Ordinary Shares (NPK) is on a strong momentum:
I am not a fan of this overall chart because as you can see, NPK's current value just came back at what it used to be 10 years ago - back in 2012. Nothing very impressive. However, with the current political situation regarding Russia and Ukraine, it seems like it's stimulating the potash industry. Verde AgriTech doesn't pay any dividend, but it could be a good stock to invest in if you are looking for a quick buy-and-sell hot move. If I am not going to get my "booze" out fun of crypto, I have to take from something else.
I find it quite strange that Verde Agritech Plc Ordinary Shares (NPK) trades over the TSX because this company doesn't seem to be doing any business in Canada. Since NPK trades at a cheap price, I wouldn't mind investing a small amount in this one inside my non-registered portfolio and quickly selling them off, just the way I used to do it with my crypto ETF investments. For now, I am just thinking about it. With the current market drop over the TSX, I am not feeling much as a trader.
I agree with Munger:
ReplyDeletehttps://financialpost.com/fp-finance/cryptocurrency/charlie-munger-says-crypto-is-like-a-venereal-disease-and-should-be-banned