The TSX closed the day at a solid 25,328.36 points. My non-registered portfolio ended today's session at $149,260.79, my US portfolio at $6,183.55, my RRSP stock portfolio at $88,015.54, and my TFSA portfolio at $131,760.91.
It seems like TFI International Inc. (TFII) might have changed its mind and decided to remain in Quebec. Good for them! TFI International Inc. (TFII) is an incredible Quebec success story, and I know what I’m talking about. I bought my TFII shares a couple of years ago for less than $40 per share. Since I’ve been holding that investment for a long time in my TFSA portfolio, I had been sitting on a nice pile of cash when it came to TFI International.
In case you missed the news, I sold all my TFII shares this past Friday, with absolutely no regrets. Even after the announcement that they were keeping their headquarters in Quebec, TFII’s stock just kept going down.
Following the sale of my TFII shares, I decided to keep a portion of the cash in my TFSA portfolio to reinvest and transferred another part to my savings account. For my TFSA portfolio, I reinvested the money yesterday in Innergex Renewable Energy Inc. (INE) shares. With the Caisse de dépôt et placement du Québec planning to buy INE at $13.75 per share, I thought buying and holding some INE shares inside my TFSA was a safe bet. The transaction will probably happen by the end of the year.
While waiting for my cash, I’ll be collecting some Innergex dividends, I should receive around $400 from both capital gains and dividends. So I told myself, why not? The interest earned in a savings account would provide a lot less over the year anyway. I feel it’s important to take advantage of opportunities, especially when they are almost risk-free. And even more so when dealing with high inflation that makes everything more expensive.
Posts
No comments:
Post a Comment