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Monday, September 26, 2022

Amber Kanwar is back to BNN Bloomberg!

It's been another rough day for the TSX, but this morning, I actually listened to BNN's The Open - which I haven't done in quite some time, and guess what? The dear Amber Kanwar is back! Amber Kanwar and Jon Erlichman are my favorite TV duo. I only have admiration for every single BNN anchor. They keep the ball rolling non-stop. Now I got to understand why I haven't seen Amber Kanwar for a very long time: she's the mother of not 1, not 2, but 3 adorable children. It was great to see Amber this morning. She's making her comeback in a quite rough financial environment. The stock market is never an easy place to be, but these days are very rough. It's not fun to see the TSX standing behind the 19,000 points.

In yesterday's post, we chitchat about my favorite bank stock,  Bank of Nova Scotia (BNS). I was listening to BNN when I heard that BNS was changing CEO. But that's not all. I learned that BNS is the - or among the less profitable bank, among the biggest ones... Bah, that doesn't really matter to me. The next BNS CEO is currently the CEO of one of my favorite stocks: Finning International Inc. (FTT). From FTT (heavy equipment) to the banking sector, is quite a strange move, but in my opinion, Scott Thomson did a very good job with FTT. I am confident he'll remain the same good leader for my belove BNS. We can only hope for the best. 

In her latest post, Susan Brunner announced that she had invested in some BCE stocks. BCE closed today's session under the $61 per stock. It's a good deal. For the past couple of months, I happily invested in BCE and I have room for a bit more shares. BCE is certainly a good stock to invest in, but it's important to remain diversified. And for diversification purposes, one stock that I really like is Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). However, BAM.A pay a much lower dividend than BCE... that's one of the reasons why I haven't invested more yet in BAM.A... But the main reason why I always say not to focus too much on dividends is to make sure to have a diversified portfolio. Some very awesome stocks out there pay a tiny little dividend - like BAM.A - but it's not a reason to turn your back on them. Some other awesome investments, like for example JFT Strategies Fund Class A Units (JFS.UN) - are just too cheap to pay any dividend, but remain a good cash holder. I am actually very glad to be holding JFS.UN in my investment portfolios. JFS.UN provide a little help trying to stabilize a bit the value of my assets.

My non-registered portfolio closed today's session at $131,988.82, my US portfolio at $4,778.63 US, my RRSP stocks-only portfolio at $60,073.36 and my TFSA portfolio at $117,422.16. For no apparent reason, Cargojet Inc. (CJT) gained over 3% today. I like to remain positive, but even there, I think that sooner or later, the TSX will go back to its old 20,000 points. My philosophy is always very simple. If we had been there, we can go back there. That's all. 

Also this morning at BNN, I found Kristina Hooper, chief global market strategist at Invesco quite interesting. From what I understand, we are near the lowest. Personally, one problem I am having while facing some market corrections like the one we keep being on these days, is to find out if we had reached the lowest or not. If we are getting closer to the lowest, that's good news because, from the lowest, the TSX can only do two things: remain there for a little while, or gradually gain back some valuable stocks.

All of those interested gains only begin to be understood by the market, that's the reason why we are suffering. When it's rough, that's when you need to invest in stocks. No need to invest thousands, invest what you can and enjoy the dividends. That's exactly what I am looking to do.

Tomorrow, I will be watching again The Open and check on Amber Kanwar.

4 comments:

  1. Do you not worry that BCE may not be able to increase its dividend because the interest rates go up, so they will have to pay more for interest on their debt?

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  2. Happy thanksgiving.

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  3. Happy Thanksgiving :-)
    I am now on vacation, I should post something in the next couple days.

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