Today was my last day of vacation, but I will remain in New Brunswick for the next couple of months. I really really like the idea of not having to travel during wintertime. For years, I had been freezing on the bus in the cold weather just to spend Christmas in New Brunswick. Those times are now over since I can basically work from everywhere and we now have the Internet at home. There are some renovations that will be done to my apartment in Montreal while I am away. The kitchen and hallway floors are in need of replacement, as well as the countertop. Sincerely, those things should have been fixed years ago, before I got into the apartment.
Anyway, in order to wrap up my vacation gracefully, the TSX decided to close this week's session on 18,860.95 points. We are getting closer to the old 19,000 points, which is better for the soul (and the investment portfolios of course). My non-registered portfolio closed today's session at $135,726.37, my US portfolio at $4,874.11, my RRSP stocks-only portfolio at $57,747.41 and my TFSA portfolio at $116,408.04. My numbers are not the strongest but under those conditions, while dealing with a TSX that is still under 19,000 points, I am not doing too bad.
Recently, CIBC nominates former Finance Minister Bill Morneau to be part of its board of directors. I am not very impressed. How comes CIBC decided to add to its team an individual who had violated Canada's Conflict of Interest Act? For me, Bill Morneau is a criminal. I don't understand this nomination. Personally, I own some CIBC mutual funds inside my RRSP. I also own some Canadian Imperial Bank stocks. I am not over-exposed to CIBC.
In his latest newsletter, Derek Foster talked about investing in BNS, as well as Algonquin Power & Utilities Corp (AQN). I already own BNS in my portfolio, it's actually one of my major holders inside my non-registered portfolio. However, it's a completely different story when it comes to me and AQN. I don't own any of Algonquin Power & Utilities Corp (AQN). AQN never had been from my portfolio, but it is now! I invested a small amount in some AQN shares today with some leftovers coming from dividend distribution. I also place a mini investment for my RRSP portfolio in CM, and I add an extra share of BCE.
Inside my non-registered portfolio, my investment in BCE Inc. (BCE) is ready to be set up as a DRIP, which I am planning to ask my broker National Bank Direct Brokerage to do. Recently, I open a banking account with National Bank. I did so in order to be able to transfer funds more easily to my margin account debt in case of need, without having to wait 24, 48, or 72 business hours... I tried to set myself up for Interac transfers, but since National Bank didn't send me a debit card, I cannot set myself up. So I need to call National Bank... super annoying. I have never really been very much interested in being a client at National Bank but I am just doing this as a safety measure, to make sure I can easily add funds to my margin account debt.
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