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.