Cold cash: $5,041.16
Stocks and Units investment portfolio $US:
TOTAL: $113,846.22
RSP investment portfolio:
CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $3 337.53
On the date of February 19, 2021
Because life is all about money and a bunch of other things
Cold cash: $5,041.16
On the date of February 19, 2021
Today, Nutrien Ltd. (NTR) declared an increase in its dividend distribution. It's only a small increase, but I am willing to take whatever. I was hoping for a special dividend distribution coming from JFT Strategies Fund Class (JFS.UN), but CI First Asset is not exactly generous with their investors. Lesson learned: if you want to get dividends, only invest in high-quality dividend stocks. I had invested in JFT Strategies Fund Class A Units (JFS.UN) to bring diversification to my amazing portfolio. In terms of high-quality dividend stocks, I believe that I am pretty much pack with the best. However, it's good to keep an eye open, because you never just never know, the next best thing could present itself anytime. I am of extreme arrogance when it comes to my investment portfolio, but I know for sure that I don't know everything and that it's important to remain informed and aware of what is going on.
For example, today marks the first trading day of a highly interesting release over the TSX: Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B). Purpose Bitcoin ETF is the first Canadian ETF to be dedicated to the crypto world. BTCC.B trades in Canadian dollars, but if you prefer to trade in US dollars over the TSX, you can invest in the Purpose Bitcoin ETF USD ETF non-currency hedged units (BTCC.U). I prefer to invest in Canadian dollars over the TSX.
Today, BTCC.B gains +1.70%. It's going to be interesting to check on Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B) tomorrow morning at the stock market opening. In comparison, Bitcoin Fund The Class A units (QBTC) closed today's session at -6.013%. I am looking forward to checking on Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B) tomorrow morning.
I have to say, I think I would like to invest in Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B). It's simply too tempting to resist.
My non-registered portfolio closed today session $114,703.49, my TFSA portfolio at $114,020.99 and my RRSP portfolio, stocks only, at $53,538.48. With my latest contribution in kinds that I made in my TFSA portfolio, the value of my non-registered portfolio is quite similar to my TFSA. Currently, Bitcoins are trading on their highest value ever. These days, it seems like crypto pop up its highest value ever on and on and on. It's certainly exciting, but also super lucrative. My investment in Bitcoin Fund The Class A units (QBTC) is on a +9.44% gain.
This morning at BNN's The Open, a guest spoke about Bitcoins. It was quite interesting. I, unfortunately, didn't catch the name of the guest, but it's been said that Bitcoin is currently trading on its highest value ever. It's hard to figure out if Bitcoin will continue this way because we don't have enough data. Bitcoins' value is based on the demand. Currently, for Bitcoins to be in their highest value ever, you can imagine that many investors are currently buying Bitcoins. The value of Bitcoins could drop to as low to $100, without any warning. The reason behind this is that Bitcoins are not regulated, which we all already known, but still, it's good to keep things under perspective.
And it's the main reason why that I only invest an amount that I can afford to lose while investing in funds related to crypto, like Bitcoin Fund The Class A units (QBTC). For now, I feel comfortable holding QBTC in my TFSA.
Currently, at exactly 7:23 pm on this Sunday evening, Bitcoin is trading among its highest value: $61,833.81. Just a few hours, ago, Bitcoin was trading AT its highest value EVER: $62,015.523. I believe it's still a good time to show interest in Bitcoin. Currently, I have exposer to Bitcoins via the Bitcoin Fund The Class A units (QBTC) that I own inside my non-registered portfolio. I can't wait to see if I can finally reach someone at TD Direct Investing that will help me to proceed with my contribution in kind orders. I would like to see my investment in Bitcoin Fund The Class A units (QBTC) grow inside my TFSA.
It's being said that Bitcoin could reach the $100k value in just no time. It's the main reason why I want to move that investment inside my TFSA portfolio, so my gains will be tax-free once I decide it's the time to sell. It brings a bit of excitement. With crypto, it feels like money can be made simply while breathing. It's too easy money made out of the air, out of nowhere. Now is the perfect time to proceed with a contribution in kind.
Otherwise, I don't have any investments plan in mind. I had been doing a great job lately saving money. Stores are now open in Montreal, but I had been avoiding them. It's better for me. That way, I don't spend any of my valuable money, and I don't spend any of it on stuff that I don't need. Working from home has its advantage, but while spending most of my time at home, days are sometimes long. And it feels like I have a lot of time on my hands, but the activities are limited, let say.
Before I start complaining, I would just like to say that I now have $5,041.16 in savings! I don't remember the last time I had that much in savings. I am looking forward to pushing that amount to $10,000. I should be able to do so quite easily. With the TSX hitting on a record high, it's not a good time to buy stocks anyway. Currently, my portfolio seems kind of complete and all done for me. Something else that is working in favor of me building up some savings is this current pandemic. I wouldn't like to sell any of my baby stocks in case I need money. Ideally, I would like to have a good $20,000 in savings.
This past Thursday and Friday, I spent several hours trying to reach TD Direct Investing, without success. I wanted to do a couple of contributions in kind from my non-registered portfolio to my TFSA portfolio. I think "regular" users can perform contribution in kind online, but for safety measures, a long time ago, I made it impossible for me to perform any kind of transfers to both my TFSA and RRSP portfolio. I did so because I am scared of myself - I could do a costly mistake and transfer money over my TFSA and RRSP by accident or something like it. But now, that block that I put in my broker account is costing me hours and hours of waiting on speakerphone, trying desperately to reach a customer rep at TD Direct Investing to perform my contribution in kind orders. But I guess am asking too much from TD Direct Investing.
Putting such a block in my broker account could seem as being a stupid move at first, but penalties can be huge if you exceed your contribution limit for the TFSA portfolio. And once you make a mistake, I don't think it can be corrected easily. I prefer to prevent any annoying situation that could occur.
For 2021, I have over $24 000 in contribution room left for my TFSA portfolio! It's quite a shame, but I exposed that situation before. This past Thursday, I had it all figure out and I so wanted to make the plan roll on, but guess what, I couldn't get my amazing plan rolling because I couldn't reach anyone at TD Direct Investing, despite giving it several attempts. It went like this, I placed my call, and then it says something like we are experiencing a higher than usual volume of calls. After close to 2 hours of waiting on the speakerphone, I got the message: "We are experiencing technical difficulties, please try again later" and then, the line cut off on me! At a $9.99 commission fee, TD Direct Investing is certainly not cheap. At that price, I am expecting to receive excellent service, but I am currently not getting that with TD Direct Investing.
Here are the contribution in kind orders I had in mind for my fabulous portfolio:
Aphria Inc. (APH)
Telus Corp (T)
Bitcoin Fund The Class A units (QBTC)
Both Aphria Inc. (APH) and Bitcoin Fund The Class A units (QBTC) don't have any margin loan value, so fact that I switch them both from my non-registered portfolio to my TFSA one is not hurting me in any way. Earlier this week, Aphria Inc. (APH) went through some massive volatility. Most of my Telus Corp (T) stocks are in my TFSA portfolio. The shares that I have of T in my non-registered portfolio result from a DRIP.
I hope I will be able to reach someone at TD Direct Investing on Monday because I would like to proceed with those contributions in kinds.
Cold cash: $3,511.73
It seems like the stock market rally just keeps going on! The TSX closed today's session on an awesome 18,408.62 points. I couldn't help it, I just needed to update my portfolio... So I did, just to find out that I closed today's session on a new highest net worth EVER, which is now at $279,125.20. Will tomorrow mark my first time pushing it to the 280k? It would be fun if it happens, if not, it will be for later on. Having a TSX in the 18,408.62 points just doesn't seem like something normal and natural, but it's how it goes with the stock markets. Too often, it doesn't make any sense at all. The stock market has a real contrarian vibe. You need to stay ready and enjoy your moments of glory when you have one.
I don't know if you have noticed in my today latest update, but I had welcomed a newcomer in my non-registered portfolio: Bitcoin Fund The Class A units (QBTC). For now, I feel comfortable playing with Bitcoins and Ethereum via 3iQ Corp's Bitcoin Fund The Class A units (QBTC) and The Ether Fund Class A units (QETH.UN). This morning, I decided to place a small investment in Bitcoin Fund The Class A units (QBTC). As usual, it took forever for my buy order to go through. And like always when a buy order is taking too long to be completed, I cancel the buy order, but guess what - just like usual - it went through anyway. But no worries, I was expecting that to happen because as you know, I had been trading 3iQ Corp for a few weeks now. It's just seems like I cannot get enough of it! It's almost too easy to make money trading those funds.
However, trading 3iQ Corp is not super enjoyable because both sell and buy orders are extremely slow before being processed. And it can be quite extremely annoying while you have your dream buy or sell price that is suddenly popping up and that you want the damn order to go through NOW. lol It is really extremely annoyingggg.
If I cannot sell Bitcoin Fund The Class A units (QBTC) at profit tomorrow morning, I may consider proceeding with a contribution in kind over my TFSA portfolio. I am not in a rush selling time as I am conducting an experiment - I want to see how high QBTC units can go. However, be assured that if I can sell Bitcoin Fund The Class A units (QBTC) at profit, trust me that I will. All those trading games with 3iQ Corps is SUPER HOT SHIT.
:-)
Margin account debt: $49,269.55 @ 4%
Annual interest: $1,970.78
**For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.
Cold cash: $3,511.73