Well, it seems that the TSX's recent peak of 20,700 points may not be the new "normal" after all. Unfortunately, such normality does not exist, even though it's something I am hoping for. The TSX closed yesterday's session at 20,515.24 points. My non-registered portfolio closed at $147,278.87, my US portfolio at $5,103.65 US, my RRSP stocks at only $65,863.62, and my TFSA portfolio at $129,006.37. I am pleasantly surprised to see my TFSA portfolio come so close to reaching 130k. My financials remain strong for now. Although my net worth is no longer at its highest ever of exactly $366,524.01 reached on February 13, I am not too far behind.
Despite having several hundred dollars at my disposal in my RRSP and TFSA portfolio, I haven't made any recent investments. It's not that I'm feeling stressed by the markets or anything like that, but I just don't feel like investing at this time. Normally, I reinvest my dividend income quickly, but that's not the case these days. It feels a little off. For the biggest part of my investment life, I always had some stocks that I was excited to invest in, but that's not who I am anymore. It seems to me like the aftermath of the 2008 market crash was full of promises, and it was exciting to invest at that time. Despite the uncertainties, I always felt confident in what I was doing. I have unconditional faith in the capitalist system, which may be surprising for a small investor like myself, but it's true. However, that doesn't mean I'm not trying to do everything in my power to maximize my gains. A significant part of this is the price at which you buy your assets. That's why I'm not currently investing in anything.
I hold too many stocks in my investment portfolio, and it's certainly excessive, but I enjoy investing this way. Some of my major holdings have been in my portfolio for many years, even since I started investing. I like to add to some stocks that I feel can contribute to my portfolio. It seems to me that I haven't invested in anything new in quite a while, but things are currently fine the way they are.
Yesterday, I was looking at my stocks and found out that my investment in Boyd Group Services Inc. (BYD) is doing much better these days. I am only short of recovering less than $11 from my loss with that investment. I hardly ever talked about Boyd Group Services Inc. (BYD), and when I searched my blog for information on when I invested in that stock, I couldn't find anything. However, it seems that Boyd Group has been in my portfolio since at least 2016. In the past, Boyd Group Services Inc. (BYD) was known as Boyd Group Income Fund (BYD.UN). I'm actually having a hard time remembering where I got this stock idea, but I think it used to be an old stock of Derek Foster, which he no longer holds in his investment portfolio.
My investment in Boyd Group Services Inc. (BYD) is quite substantial - it's over $6,000, which I consider to be a significant amount of money. For a long time, the value of my investment in BYD was down, but it never really bothered me as I was confident it would go up again. As a result, I kind of ignored Boyd Group for quite some time, which is probably why I rarely write about this stock on my blog. However, I was able to find a post with the topic "stocks that I hold that you shouldn't be buying" kind of thing, where I talked about my struggles with Boyd Group Services Inc. (BYD).
BYD is now doing better, and I hope for better days for this stock. Even though I have over $6,000 invested in BYD, I earn less than $20 in dividend income annually with this stock. Knowing this and how dividend thirsty I am, I'm questioning whether I should sell or partially sell my investment in BYD, or hold on to it. There's no easy answer, but for now, I prefer to hold on to BYD.
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