Portfolio Updates and A Few Investments Ideas for 2024

The TSX closed this past Friday's session a bit behind at 20,990.22, just shy of the 21,000 points mark. My numbers remain somewhat similar to those I had just a couple of days ago, back on January 8. Here's the breakdown: my non-registered portfolio closed at $143,477.34, my US portfolio at $5,173.23 US, my RRSP portfolio stocks-only at $64,620.59, and my TFSA portfolio at $124,909.81.

Thanks to my latest paycheck and some dividend distributions, my margin account debt is now at $12,674. I should be able to reduce it to $11,934 by the end of the month. I have big hopes for February, aiming to further decrease my margin debt to $9,584.36 by month-end. To achieve this, I've set an extra ambitious plan not to spend more than $200 on extras like eating out, coffees, and whatever else. With only $200, there won't be much room for extravagance, but that's my designated "party money," equating to $50 per week. It's doable, but I'll have to closely monitor my expenses.

In 2024, my focus is on paying down my margin account debt and building up some savings. Despite this, I continue to receive dividend income in my RRSP portfolio, generating cash for potential investments. Life isn't as enjoyable without any investment projects. Recently, a stock in my RRSP portfolio - Logistec Corporation Class B Subordinate Voting Shares (LGT.B) - was sold, and it won't be trading on the TSX anymore. This automatic spontaneous sell generated a few hundred dollars, providing me with some funds to invest in my RRSP portfolio!

I like to keep a list of potential future stock ideas on the side. Here's what my list is currently looking at:

 
Thomson Reuters Corporation (TRI)

Stantec Inc. (STN)

Alimentation Couche-Tard Inc. (ATD.A)

Sun Life Financial Inc. (SLF)
Hydro One Limited (H)
Canadian Tire Corporation Limited Class A Non-Voting Shares (CTC.A)
Finning International Inc. (FTT)
Algoma Central Corporation (ALC)
Agnico Eagle Mines Limited (AEM)
ADENTRA Inc. (ADEN)
BRP Inc. (DOO)
Goodfellow Inc. (GDL)
Canadian Natural Resources Limited (CNQ)
Magna International Inc. (MG)
Element Fleet Management Corp. (EFN)
EQB Inc. (EQB)
North West Company Inc. (The) (NWC)
TMX Group Limited (X)
JFT Strategies Fund Class A Units (JFS.UN)

Capital Power Corporation (CPX)

I already hold some Thomson Reuters Corporation (TRI) in my RRSP portfolio. Over the years, my TRI shares have gained a fabulous +327.43%. While TRI shares are expensive and the dividend yield is relatively small, the overall chart of TRI is perfection, much like Stantec Inc. (STN) and Alimentation Couche-Tard Inc. (ATD.A). Currently, I don't hold any Stantec Inc. (STN) stocks, but I do have some Alimentation Couche-Tard Inc. (ATD.A) stocks in my TFSA portfolio. In my TFSA portfolio, ATD.A has seen a gain of +74.53%.

My plan is to invest in a mix of Thomson Reuters Corporation (TRI), Stantec Inc. (STN), and Alimentation Couche-Tard Inc. (ATD.A) stocks for my RRSP portfolio.