Bad days for the TSX, but now is a good time to buy high-quality dividend stocks

The TSX closed this past Friday session way below the 19,000 points. At 18,480.98 points, the TSX is not in a good place, it's hard to watch. However, now is a good time to invest. One stock that I invest in during the past couple of months is BCE Inc. At $61.45 per share, and with its generous almost 6% dividend yield, BCE still remains an interesting stock to invest in. Another stock that I like and that is trading right now below $70 per share is the Bank of Nova Scotia (BNS). I wouldn't invest exclusively in one of those two stocks, but I would be more tempted to invest a bit here and there in different sectors.

I went grocery shopping today. It cost me almost $100 for stuff I bought to cook two recipes with my slow cooker and a few extra things. I find it quite expensive. I just cannot imagine how families handle those high prices of groceries these days.

This past Friday, my non-registered portfolio closed the session on a super low $133,866.81, my US portfolio at $4,823.04, my RRSP stocks-only portfolio at $60,969.66, and my TFSA portfolio at $117,944.51. My margin debt is at $46,331.29. My buying power left on my margin is exceeding $43,000. I recently open a banking account with National Bank. From now on, I will be able to transfer money in real-time to my broker account, in case I feel I need to.

I will be leaving Montreal for New Brunswick just before Thanksgiving. Like last year, I think I will be spending the whole winter there. In the meantime, I am enjoying Montreal. I had been quite busy at work lately and I did a lot of overtime. My last paycheck was quite massive and I was really happy about it, but I also enjoy having time for myself. It's hard to enjoy any free time while spending so many hours at work. It's also really hard for me to follow my investment portfolio, and even to listen to BNN when everything seems to be everything work-related. It's a bit hard, but when I feel it's getting to a point where it's getting too hard on my shoulders, I think of the $$$, and sincerely, I feel immediately a lot better. Money of course is not everything, but it helps to think of all of those things you can do while earning more. Recently, I bought one new pair of glasses and one new pair of sunglasses. I also had some valuable gift cards from work, and I bought myself a Chromebook, clothes, beauty products, and a Bluetooth gadget. Also, having more money means that I can buy basically anything I want, within the reasonable of my ordinary life. I like my new Acer Chromebook 311 because it's lite and works well for my use.

I went swimming this past Saturday - like I normally do, but I think it will be the last time because when I got out of the water, all I wanted to do is to go under a blanket lol. I recently clean my summer wardrobe for my autumn\winter one. Summer days are gone for this year. I can say that I had a nice time. While waiting for October to kick in, I am still enjoying Montreal. 

I went voting in anticipation today for the Quebec elections. On my way there, I passed by this beautiful house. 

October is coming, but we can still see beautiful flowers in Montreal.

Last week, I went shopping at the Carrefour Laval, probably the biggest shopping center I ever went to.

I also enjoyed the boulevard Saint-Laurent and Montreal.

I went to a free outdoor concert for the 60th anniversary of Place Ville-Marie:

North West Company Inc. (The) (NWC) increased its dividend distribution!

It haven't been an easy day for the TSX, but these days, bad days over the TSX doesn't bother me much. There're a lot of ups and downs these days. I am quite busy at work. If a recession is about to hit Canada, I don't get a real feel of it. Not at all.

I quickly check on my stocks from time to time during the day, but other than that, don't ask me any questions because I don't know too much on what is going on. Today, my non-registered portfolio closed today session at $140,582.48, my US portfolio at $4,780.97, my RRSP stocks-only portfolio at $62,312.75 and my TFSA portfolio at $122,432.54.

A little while back, North West Company Inc. announced a dividend increase. My annual dividend income is now exceeding the $11,600.

The real legacy left behind by Queen Elizabeth II

I just notice now that today is September 11. The sad events happen 21 years ago. 21 years is a long time but sincerely, it doesn't feel like it happens so long ago. I still remember to this day September 11, 2001.

The weather had been very great all weekend long in Montreal! Personally, I am not in favor of the monarchy, the passing of Queen Elizabeth doesn't mean anything to me, but everyone had the right to their own feelings. I must admit that a few years ago, when Prince William and Kate came to Montreal following their wedding in July 2011, I was overjoyed and super excited. I went to the celebration, but I wasn't able to see them, as you can see from this video I took at the time...

The "William effect" totally got into me. Several years had passed since that event and now, I have to say that I am not in favor of the British monarchy. It's complete nonsense in our contemporary culture, especially in Canada. Monarchy increased the division between the rich and the middle-class people and all the others... No one deserved to be treated as "subjects". 

We don't really get anything financially for being part of the Commonwealth. It's not like if our economy depends and relies on those relations. Indigenous people and Acadians suffer from the British invasion of our land. The UK is a super rich country that builds itself by mistreating us and by violating our rights to our land. As an Acadian descendant, I simply cannot support or be a fan of the British monarchy, it's simply out of the question. 

Elizabeth II was more part of an organized circus figure than anything else. Try to name a realization of the late Queen Elizabeth II, you'll find next to nothing so. Her greatest accomplishment could be considered her military service during World War 2. Otherwise, I don't see anything much. I feel I am serving more of the community than she has ever been able to do simply by sharing my experience with my personal finances and especially by sharing my best investment stock picks. That's real gold. Instead of wearing the crown, I am actually holding it tight for you. Queen Elizabeth II legacy is a long list of what so ever realizations that really don't make any difference in this world. We should remember that the British monarchy never apologizes to the Indigenous or Acadian community. That's the real legacy that has been left behind by Queen Elizabeth II: a deep black hole that separates us, brave Canadians against the British people, who are weak "subjects" of Charles III. The monarchy respects its history and those people are proud of their achievements. In their eyes, their ancestors didn't cause us any injustice.

It seems like history has its way to turn upside down because in today's world, living in the UK is not easy for millions of people, it's a pain. Inflation is hitting very hard in that country. The cost of living was already high before inflation hit. Trust me when I say, many of those Brits have all eyes on Canada, they all want to live here, and they all want to be Canadians. They are simply dying to be in our shoes, but they are not.

The TSX gained more than 300 points this past Friday, which help my non-registered portfolio to reach out the $143,208.52, my US portfolio at $4,872.52, my RRSP stocks-only portfolio at $64,013.00, and my TFSA portfolio at $125,451.65. With the beautiful weather I am spending money - and a lot of it on a bunch of things - and I probably won't invest in anything new for a little while. However, I will, like usual, reinvest the money earn as dividend distribution. It's just that may not reinvest on a high-speed mode. Also, I will be going back to New Brunswick in mid-October. 

I had been checking on some stocks in Stockopedia, and I came across the following:

ALC, HPS.A and IAG. IAG is expensive and could go lower when the recession status will be announced. I already own ALC in my beautiful portfolio of mine, but only a very very small investment. HPS.A seems to be interesting, but don't try to access their Web site, it's currently dead.

Stockopedia operates from the UK, but I like it too much not to use it from time to time. Stock ideas need to come from somewhere.

Welcome in my TFSA portfolio Goodfellow Inc. (GDL)!

I celebrated my birthday just a few days ago. I haven't posted much on this blog. I returned to Montreal less than 2 weeks ago, so that's enough alone to excuse me. During that time, the TSX had good days, but now, we are dealing with bad days. My non-registered portfolio closed today session at $140,639.91, my US portfolio at $4,828.71, my RRSP stocks-only portfolio at $63,183.23, and my TFSA portfolio at $122,907.33. The TSX had been rough today. 

Its something that I had my idea on for quite some time, but I finally proceed, I decided to open a bank account with National Bank, in order to protect my margin account. I could do a cash transfer to my margin account debt whenever I wanted, but there's something like a 72 hours delay before receiving the money, and that's because the cash is coming from a different institution.

Currently, my broker is National Bank Direct Brokerage. And it's been so for many months now. I had so far a very good experience with National Bank Direct Brokerage. The only thing that I really dislike with National Bank Direct Brokerage is that you cannot view the value of your investment portfolios in real time. That's something very upsetting for me. I feel very deprived of what with TD Waterhouse used to be my greatest fun in my investment life: to view, seconds after seconds, minutes after minutes, the value in real-time of my different investment portfolios, as early as exactly 9:30 am, from Monday to Friday. Nothing beat the satisfaction of checking your investment portfolio on a day when the TSX performed well, especially when it does so straight at the opening.

 

With my new bank account with National Bank, I am getting my peace of mind. Now I can do a money transfer in real-time from my bank account to my margin account whenever I feel I need to do so. I opened my margin account in my non-registered portfolio 12 years ago, exactly on December 11, 2010. At that time, I began to have meat on the bones. Back on that day, the value of my non-registered portfolio was of $72,232.12, and the money available at my disposal in my margin account was of $43,653.66. That's how my margin account adventures began.

Lately, a dear reader came to me with a very good investment idea: Goodfellow Inc. (GDL). GDL is very well-ranked in Stockopedia, it pay an interesting dividend of +7.136%. Today, Goodfellow Inc. (GDL) gains a beautiful +6.458%. Trading at less than $12 per share, you still have time to join the party if you want to.