Experiencing a downturn is never pleasant, but if I can remain on a $300,000 net worth while dealing with the slide, I will be very grateful. By any chance, if I can remain on that $300,000, just imagine how much my investment portfolio will actually be worth once the TSX finally regained all those valuable points... That's what drives me and what I am looking forward to.
I came back from hunting quite early today and while returning home, I just had one idea in mind: I wanted to invest in some BAM.A stocks and so did I. Those were the pictures for today:
I still have plenty of contribution room inside my TFSA, but since I have a margin debt, I prefer to add stocks to my non-registered account to make it stronger rather than taking the privilege of my tax-free account situation. This is a complete shame, I agree, but I totally assume. I prefer to add to my non-registered portfolio for now. Also today, I invested in a few shares of Goodfellow Inc. (GDL), BCE Inc. (BCE), and Fortis Inc. (FTS) for my TFSA investment portfolio. I used the money earned from my dividend and I reinvested in a few of those stocks. I had a few dollars coming from my dividend distribution available in my RRSP portfolio. For my RRSP, I invested in a few shares of Brookfield Renewable Partners L.P. (BEP.UN).
I invested in some BEP.UN shares because today, Brookfield Renewable Partners caught my attention by making a major announcement. It's quite interesting development for BEP.UN. I heard Amber Kanwar talking about it during BNN's The Open. I actually listen to today's show this afternoon.
No one can know if the TSX had reached its lowest level yet. Maybe not, since a recession had been announced for the early months of 2023. However, since it's a recession that has been "announced" on several multiple occasions over the past couple of months, the markets may not turn out too ugly once it will finally happens... While waiting for the better or worst, I think it is worth it to invest from time to time, whenever you can, in high-quality stocks like Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). During this downturn, I invested before in BCE and a bit in BNS, among others. While searching for stocks to invest in, it's quite easy to exclusively invest in high dividend yield stocks in the banking, and telecom sectors. By investing in BAM.A today, that was my move in an effort to remain diversified.
With my newest investments, my non-registered portfolio closed today's session at $130,390.69, my US portfolio at $4,730.79 US, my RRSP stocks-only portfolio at $57,398.11, and my TFSA portfolio at $114,573.18. My overall annual dividend income is getting closer to the $12,000.
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