Everything seems to be quiet regarding North Korea, until recently. Once again, we are walking on eggs and the worst could happen. The United States shown many times during their long history signs of arrogance by their actions. The United States used nuclear weapons on Hiroshima at the really end of the Second World War, and I came to the conclusion that it will only be fair that today, the United States received, for the first time of their history, a nuclear bomb on their own land. There's also been the Vietnam war which was a complete shame, and once
again, its the United States that was behind. And how many other sad history events? Fact is, for now way too long, the United States had been controlling the word. The USA has too much power in their hands, and that include a power in our very own economy. But it doesn't have to be that way. In a twisted ideal, a nuclear war could be the start of a new beginning, where the US re-begin like a third world country and where Canada stand out like a world leader.
A nuclear war would probably had disastrous effect on the stock markets worldwide, but the United States only deserved to be destroy. And now is the perfect timing, especially with that troll of Donald Trump as President. September 11 happens, but it was just not enough as punishment. Americans are still too arrogant and need to suffer. What will be will be. The US will finally get the chance to see if their famous Ground-based Midcourse Defense actually work...
With all that drama, my non-registered portfolio closed today session at $182 382.43. I cannot read the future, but its not a good time for the world, its not a good time for stock markets worldwide, but I do know its time to play it safe on my portfolio, and not to invest in anything new using my margin money. But can I really do so? Yes, I can now control myself because its has become of matter of survival.
To lower the usage of my margin, I am thinking about the selling at first the following: CAE Inc. (CAE) - which will bring in cash $3 372.50, and reduce my margin to $94 189.89 (my margin usage is currently up to $97 562.39. Super babe is not proud, but I got to pay down my credit cards...)
And here are some other stocks that I am thinking about pushing away from my non-registered portfolio, and the amount of money that it will bring in my portfolio:
Enbridge Inc. (ENB): $1 272
TransCanada Corp (TRP): $1 540
Aecon Group Inc. (ARE): $1 949
Enbridge Income Fund Holdings Inc. (ENF): $10 780
Northland Power Inc. (NPI): $2 365
WSP Global Inc. (WSP): $2 943
ATCO Ltd. (ACO.Y): $1 949
K-Bro Linen Inc. (KBL): $4 000
Home Capital Group Inc. (HCG): $3 300
My US stocks: $3 889
Pembina Pipeline Corporation (PPL): $26 545.22
Following what, I will have left $33 657.67 to pay down, and to pay it all, I would next sell stocks that I hold inside my TFSA and following what, the balance will be of $0.
OR another scenario, to take advantage of the fact that we don't pay tax on stocks that are being sell inside a TFSA portfolio:
1-I sell all of the stocks I hold inside my TFSA portfolio: $62 465.78.
Following what, I will have left $31 724.11out to pay on my margin account.
So I would sell:
Pembina Pipeline Corporation (PPL): $26 545
My US stocks: $3 889
TransCanada Corp (TRP): $1 540
Two scenarios for a new beginning and start on a new base, with absolutely no margin debt. Tempting, but I am not there right now.