Ritz Carlton Grand Prix Party in Montreal 2019 - Part 2

Ritz Carlton Grand Prix Party in Montreal 2019 like if you had been there... or almost

I take a sneak the Ritz Carlton Grand Prix Party that took place in the evening of June 7th. I am not a fan of the Grand Prix, but during that time of year, Montreal becomes a capital of the world. Tourists from all around the world come to Montreal for the Grand Prix. I also went to the Old Montreal and I notice some people coming from Poland. We'll all talk about that later, but let just start with the pictures I took while sneaking in the outside smoker area of the Ritz Carlton.

 

 

A possible plan to pay down a bit more on my margin account debt

It's nice to have the TSX in the 16 200 points. Actually, it's always a good day when the TSX close on some gains, no matter how little they are. Today was not a spectacular day on the TSX, but something quite spectacular happens for my RRSP stocks only portfolio. Today June 5th, my RRSP stocks only portfolio closed the session at what I believe is its highest value ever: $45,256.60. Following yesterday move, my margin account debt is now down to $46,228.34. Basically, my RRSP stocks only portfolio worth almost as much as my margin.

It's nice to see my margin debt going down. I am happy that I get rid of my Jamieson Wellness Inc. (JWEL) yesterday, even if they announced today a somewhat deal made with China. Of course, I am looking a bit around for stocks that I don't really care about anymore. Those things happen. Here are the stocks that are in one of my investment portfolios, but that I am not in love with anymore:

Sienna Senior Living Inc. (SIA)

General Mills Inc. (GIS)

RioCan Real Estate Investment Trust (REI.UN)

BMO Bank of Montreal (BMO)

If I proceed with a sell move for those stocks + the cash money I have inside my TFSA at this time, it would lower my margin debt to $38,997. I find the idea quite interesting, especially knowing that none of those stocks are really strong performers. I won't miss out on anything while not having any of them in my investment portfolio. It's something I have to consider.

Thank you and goodbye Jamieson Wellness Inc. (JWEL)

It was a release to see the TSX closing in the 16 000 points today. A gain of 150 points is quite positive, we still need to experience more gains in order the reach the old 16 600 point value. My non-registered portfolio closed today session at $120,154.95‬, my TFSA portfolio at $71,744.6 and my RRSP portfolio, stocks only, at $44,872.44‬. Nothing is hopeless.

I was going to proceed to buy my BAM.A, but while just having above $570 to place my new investment, it kind of didn't worth it. For the little money I had, I couldn't even buy 10 shares. At the moment, I was checking on Jamieson Wellness Inc. (JWEL), and I decide to sell all of my stocks before I begin to lose money on the investment. For me personally, it was the right decision to make. The money went to pay down on my margin. I preferred to have the money secure by paying down my margin rather than just having the money invested in a stock that may just go down in a close future. JWEL is not a super strong stock and at now almost 39, I am done dealing with troublemaker stocks. On top of everything, Jamieson Wellness Inc. (JWEL) is poorly rank on Stockopedia, so all flashers were pointing at one direction, and that was the EXIT sign. I had sell JWEL with absolutely no regret.

Selling JWEL has helped my margin account case. My margin debt is now at $46,228.34.

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A) is looking at me

Again today, while the TSX was closing on a negative note, Lightspeed POS Inc. (LSPD) was enjoying strong momentum, gaining 4.10%. I am quietly watching LSPD without doing nothing. LSPD is currently having it's moment, just like Canada Goose Holdings Inc. (GOOS) used to have. GOOS used to trade in the $90, and it's now trading half price. I suspect something similar will happen for LSPD, since I am not really in love with the stock. And when it comes to GOOS, it's all because their jackets are just ugly and not stylish. I can buy something nicer at a way cheaper price. When it comes to LSPD, I find it quite extraordinary that they can make the big buck that is currently making. I doubt that they can continue long at the same speed, my opinion being that at this time, Lightspeed POS Inc. is experiencing strong momentum, especially because of BNN Canada highlighting the stock. Amber is doing her job.

My non-registered portfolio closed today session at $120,933.33‬, my TFSA portfolio at $71,104.34, and my RRSP, stocks only portfolio, closed at $44,667.96. I currently have over $550 in cash in my TFSA portfolio, coming out from dividend distribution. So I have enough to buy new investment. Even a $550 investment worth it. I had built my $200k+ net worth with a bunch a small investment. The trick is to pick well. I had wrote and written again, again and again about Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A). Wouldn't now be the perfect time to place that investment? Personally, I think so. Despite the fact that I have the chance to have at my disposal Stockopedia to conduct searches, picking up a new investment to invest in is not an easy task. I just know too well how hard it could be. That's why I like to blog and share everything for free. If you are lucky enough, sooner or later, you'll get on a point of the investment journey, it's something feel like I had come with what the TSX had the best to offer. I, however, believe that there's always gold to be found, it's just that now, gold is hiding from me and is not exactly in my face like it used to be before. There's always a gem to be found. The trick is to keep being selective and to only invest in stocks that blow your mind, and each time, you need to be asking yourself: who I used to be without having this XYZ stock in my portfolio?

And each time, welcoming a new investment comes with fun, excitement and a lot of questions. Like, am I doing the right thing by investing in this stock? Will this stock turned out to be a great investment? No one can really know. I asked myself those questions of course, but I never doubt of my stock pick because generally speaking, I find myself pretty good at this game. So be ready for tomorrow because we are probably going to welcome BAM.A for the first time ever in my portfolio! Feeling the excitement? I do.

Other than that, my margin account is slowly getting lower. My margin debt is currently at $47,917.96. I would like to see that amount going down to $40,000.00. From that point, it will make it easier to just push it harder at a lower rate. Currently, I am getting annoyed by Jamieson Wellness Inc. (JWEL). That stock is not exactly perfoming super well, but I am at least on a gain when it comes to JWEL. I don't like the volatility on this one, so I am tempted to sell now, since I can do it at profit, and just put the money down tolower my margin usage. It doesn't worth it to own stocks that are going no where and seem to be completely lost.