Yeah baby, the TSX is back in the 19,000 points

Finally, the TSX closed within 19,000 points today. It was about time. It's kind of weird timing considering that tomorrow, the Bank of Canada will probably again increase its rate - again. It's quite unfortunate and pretty much unfair for all people out there who have mortgages. They are the ones who are paying a high price for the lack of leadership of the Trudeau government. Pure incompetent leaders who are driving mortgage owners' debt straight on their knees. When you think about it for a sec, it's quite disturbing to think that the only way to beat down inflation is to increase interest rates. It barely makes any sense. 

I don't have a margin debt, but I have a margin account. That debt is under control. The best thing about it is that I can declare the interest earn on my margin account debt every fiscal year as a financial expense. No one can do that with a mortgage. Tomorrow, just like any mortgage holder, I will face an increase in the interest rate of my margin.  

Under the good vibe influence of the TSX now in the 19,000 points, my non-registered portfolio closed today's session at $136,044.82, my RRSP stocks-only portfolio at $58,313.39, my US portfolio at $4,970.69, and my TFSA at $118,862.72. With my annual dividend income exceeding now the $11,800, I am just in a good position to face tomorrow's Bank of Canada increase quite gracefully - until some of my stocks decided to decrease their dividend distribution. It might happen for some of my stocks, like NFI for example, but I don't worry much.

Lately, BNN had covered one stock that I had been holding on in my non-registered portfolio for a really long time: New Flyer Industries Inc. (NFI). New Flyer has a really strong management team and they know exactly what needs to be done while facing a downturn. It's not the first storm that is facing New Flyer Industries Inc. (NFI) and this one is not more or less different than last time. The cause of the chaos is always a bit different, but it doesn't change the way things are being handled at their end. New Flyer Industries Inc. (NFI) remain one of my favorite stock no matter what and I am very proud to have them in my non-registered portfolio.