My investment portfolio on date of June 5, 2020

Cold cash: $2,001.77

Stocks and Units investment portfolio $CAN

Bank of Nova Scotia (BNS): $10,957.74

Methanex Corporation (MX): $3,447.12

Fortis Inc. (FTS): $6,938.91

Pembina Pipeline Corporation (PPL): $28,121.80

iShares S&P/TSX Capped REIT Index (XRE): $2,427.30

New Flyer Industries Inc. (NFI): $2,072.52

TMX Group Inc. (X): $1,043.52

K-Bro Linen Inc. (KBL): $3,024.00

TransCanada Corp (TRP): $1,577.00

Canadian National Railway Co (CNR): $10,998.00

Enbridge Inc. (ENB): $15,683.50

Emera Inc. (EMA): $1,381.25

BCE Inc. (BCE): $1,309.00

Saputo Inc. (SAP): $1,342.40

Loblaw Companies (L): $807.00

Savaria Corporation (SIS): $7,178.53

WSP Global Inc. (WSP): $4,393.00

Aphria Inc. (APH): $1,174.00

George Weston Limited (WN): $97.40

Rogers Communications Inc. (RCI.B): $1,761.60

Telus Corp (T): $2,241.00

Power Corporation of Canada Subordinate Voting Shares (POW): $2,284.20

TOTAL: $110,260.79

Stocks and Units investment portfolio $US:

Berkshire Hathaway Inc. (BRK.B): $1,604.00

General Mills Inc. (GIS): $1,951.36

Cash: $39.99

TOTAL: $3,595.35 US: $4 900,46 CAN

 

Tax-free savings account (TFSA):

Dumont Nickel Inc. (DNI): $5.74

CT Real Estate Investment Trust (CRT.UN): $1,394.00

Canadian National Railway Co (CNR): $4,888.00

Exchange Income Corporation (EIF): $29.01

Brookfield Infrastructure Partners L.P. (BIP.UN): $4,049.40

Brookfield Renewable Energy Partners L.P. (BEP.UN): $1,938.60

Andrew Peller Limited (ADW.A): $1,615.95

Toronto-Dominion Bank (TD): $1,300.20

Boyd Group Services Inc. (BYD): $6,065.40

Canadian Apartment Properties Real Estate Investment Trust (CAR.UN): $3,388.00

Data Communications Mgmt (DCM): $0.87

Morneau Shepell Inc. (MSI): $2,901.60

Royal Bank of Canada (RY): $6,280.95

Park Lawn Corporation (PLC): $1,446.00

Toromont Industries Ltd (TIH): $2,914.40

BCE Inc. (BCE): $535.50

Boralex Inc. Class A Shares (BLX): $1,149.20

Richelieu Hardware Ltd. (RCH): $1,322.96

Savaria Corporation (SIS): $949.90

Northland Power Inc. (NPI): $3,327.00

Calian Group Ltd. (CGY): $3,917.56

Canadian Utilities Limited (CU): $1,386.00

WSP Global Inc. (WSP): $2,196.50

Granite Real Estate Investment Trust (GRT.UN): $677.10

Cargojet Inc. (CJT): $3,875.56

Nutrien Ltd. (NTR): $2,561.50

TFI International Inc. (TFII): $3,556.80

Canadian Imperial Bank Of Commerce (CM): $2,932.50

SIR Royalty Income Fund (SRV.UN): $330.46

ATCO Ltd. (ACO.Y): $2,310.00

Aecon Group Inc. (ARE): $1,550.35

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A): $2,776.47

Metro Inc. (MRU): $2,132.18

Alimentation Couche-Tard Inc. (ATD.A): $517.20

Fortis Inc. (FTS): $1,882.65

CGI Inc. (GIB.A): $1,840.40

TMX Group Limited (X): $3,261.00

Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC): $462.00

Suncor Energy Inc. (SU): $484.50

Cash: $351.33

TOTAL: $84,504.74

RSP investment portfolio: 

Emera Incorporated (EMA): $16,409.25

Ovintiv Inc. (OVV): $294.42

Toronto-Dominion Bank (TD): $1,950.30

Telus Corp (T): $2,514.90

Royal Bank of Canada (RY): $1,932.60

Savaria Corporation (SIS): $2,741.14

Thomson Reuters Corporation (TRI): $3,427.20

Park Lawn Corporation (PLC): $4,820.00

Richards Packaging Income Fund (RPI.UN): $1,928.52

Toromont Industries Ltd (TIH): $510.02

CAE Inc. (CAE): $1,810.20

CGI Group Inc. Class A Subordinate Voting Shares (GIB.A): $3,220.70

Boralex Inc. Class A Shares (BLX): $1,436.50

Quebecor Inc. (QBR.B): $768.25

Logistec Corporation Class B Subordinate Voting Shares (LGT.B): $224.00

Brookfield Renewable Partners L.P. (BEP.UN): $1,227.78

Leon's Furniture Limited (LNF): $467.84

Bank of Nova Scotia (BNS): $363.24

Cash: $231.54

Total: $46,278.40

CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $2,921.47

Energy and Base Metals Term Savings (Indexed term savings): $577.30

Natural Resources Term Savings (Indexed term savings): $502.45

NBI Income Fund: $1 378.82

Manulife Fidelity NorthStar GIF CAP: $1 669,80

Manulife Simplicity Growth Portfolio: $1 411,22

Maritime Life CI Harbour Seg Fund: $1 271,36

Maritime Life Fidelity True North Seg Fund: $1 237,13

Manulife GIF MLIA B World Invest: $1 259,56

Total: $6,849.07

Other various: $16,355.35

TOTAL: $74,863.26

Social Capital at Desjardins Membership share: $35

Online money: $61.25

Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$276,627.27

On the date of June 5, 2020

Welcoming a nice $221,619.78 net worth

I had a nice surprise! At first, I taught that my today's net worth was going to be 220k, but I actually have done better. Today, my net worth closed at a good $221,619.78. It seems like we are on the road for recovery. Even the Bank of Canada is agreeing with the idea. According to the Bank of Canada, the worst is now behind us. It's quite difficult to think so, especially since we don't have any vaccine yet for the COVID and that across Canada, as well as all over the world, people are going back to restaurants (not here in Montreal yet but that will come), are getting a hair cut, etc. etc. 

I unfortunately currently live in Montreal and right now, I feel that everyone is more sloppy. I see different groups of people hanging out together or on line, not respecting the 2 meters social distancing rule, all things that are not surprising coming from Quebeckers. People are just not respectful enough of the rule and the Quebec health system is just too weak to be able to properly fight this disease. Quebec province will have to live with its failure.

It can get annoying to be in my little one and a half apartment almost 100% of the time, but I keep myself busy. Among others, the TSX is keeping me quite busy, updating my investment portfolio again and again, and maybe also again tomorrow.

My investment portfolio on date of June 3, 2020

Cold cash: $2,001.77

Stocks and Units investment portfolio $CAN
Bank of Nova Scotia (BNS): $10,666.33

Methanex Corporation (MX): $2,781.44

Fortis Inc. (FTS): $6,914.56

Pembina Pipeline Corporation (PPL): $26,954.48

iShares S&P/TSX Capped REIT Index (XRE): $2,314.15

New Flyer Industries Inc. (NFI): $2,036.04

TMX Group Inc. (X): $1,049.04

K-Bro Linen Inc. (KBL): $3,250.00

TransCanada Corp (TRP): $1,551.50

Canadian National Railway Co (CNR): $10,873.80

Enbridge Inc. (ENB): $15,704.50

Emera Inc. (EMA): $1,394.75

BCE Inc. (BCE): $1,288.32

Saputo Inc. (SAP): $1,352.80

Loblaw Companies (L): $815.52

Savaria Corporation (SIS): $7,316.07

WSP Global Inc. (WSP): $4,431.50

Aphria Inc. (APH): $1,196.00

George Weston Limited (WN): $98.41

Rogers Communications Inc. (RCI.B): $1,738.80

Telus Corp (T): $2,207.70

Power Corporation of Canada Subordinate Voting Shares (POW): $2,223.90

TOTAL: $108,159.61

Stocks and Units investment portfolio $US:

Berkshire Hathaway Inc. (BRK.B): $1,525.60

General Mills Inc. (GIS): $1,967.04

Cash: $39.99

TOTAL: $3,532.63 US: $4 867.96 CAN

Tax-free savings account (TFSA):

Dumont Nickel Inc. (DNI): $12.92

CT Real Estate Investment Trust (CRT.UN): $1,354.00

Canadian National Railway Co (CNR): $4,832.80

Exchange Income Corporation (EIF): $28.25

Brookfield Infrastructure Partners L.P. (BIP.UN): $3,859.00

Brookfield Renewable Energy Partners L.P. (BEP.UN): $1,980.00

Andrew Peller Limited (ADW.A): $1,624.50

Toronto-Dominion Bank (TD): $1,248.60

Boyd Group Services Inc. (BYD): $6,015.60

Canadian Apartment Properties Real Estate Investment Trust (CAR.UN): $3,278.80

Data Communications Mgmt (DCM): $0.72

Morneau Shepell Inc. (MSI): $2,961.00

Royal Bank of Canada (RY): $6,133.40

Park Lawn Corporation (PLC): $1,420.80

Toromont Industries Ltd (TIH): $2,703.60

BCE Inc. (BCE): $527.04

Boralex Inc. Class A Shares (BLX): $1,151.60

Richelieu Hardware Ltd. (RCH): $1,332.62

Savaria Corporation (SIS): $968.10

Northland Power Inc. (NPI): $3,295.00

Calian Group Ltd. (CGY): $3,892.40

Canadian Utilities Limited (CU): $1,393.98

WSP Global Inc. (WSP): $2,215.75

Granite Real Estate Investment Trust (GRT.UN): $679.50

Cargojet Inc. (CJT): $3,718.38

Nutrien Ltd. (NTR): $2,538.50

TFI International Inc. (TFII): $3,480.00

Canadian Imperial Bank Of Commerce (CM): $2,863.20

SIR Royalty Income Fund (SRV.UN): $243.54

ATCO Ltd. (ACO.Y): $2,412.60

Aecon Group Inc. (ARE): $1,533.18

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A): $2,688.69

Metro Inc. (MRU): $2,153.84
Alimentation Couche-Tard Inc. (ATD.A): $531.96
Fortis Inc. (FTS): $1,890.70
CGI Inc. (GIB.A): $1,809.80
TMX Group Limited (X): $3,278.25

Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC): $447.16

Suncor Energy Inc. (SU): $431.46

Cash: $334.62

TOTAL: $83,265.86

RSP investment portfolio: 

Emera Incorporated (EMA): $16,569.63

Ovintiv Inc. (OVV): $250.11

Toronto-Dominion Bank (TD): $1,872.90

Telus Corp (T): $2,477.53

Royal Bank of Canada (RY): $1,887.20

Savaria Corporation (SIS): $2,793.66

Thomson Reuters Corporation (TRI): $3,436.56

Park Lawn Corporation (PLC): $4,736.00

Richards Packaging Income Fund (RPI.UN): $1,935.12

Toromont Industries Ltd (TIH): $473.13

CAE Inc. (CAE): $1,642.90

CGI Group Inc. Class A Subordinate Voting Shares (GIB.A): $3,167.15

Boralex Inc. Class A Shares (BLX): $1,439.50

Quebecor Inc. (QBR.B): $784.25

Logistec Corporation Class B Subordinate Voting Shares (LGT.B): $219.80

Brookfield Renewable Partners L.P. (BEP.UN): $1,254.00

Leon's Furniture Limited (LNF): $477.70

Bank of Nova Scotia (BNS): $353.58

Cash: $231.54

Total: $46,002.26

CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $2,846.90

Energy and Base Metals Term Savings (Indexed term savings): $577.30

Natural Resources Term Savings (Indexed term savings): $502.45

NBI Income Fund: $1 387.81

Manulife Fidelity NorthStar GIF CAP: $1 669,80

Manulife Simplicity Growth Portfolio: $1 411,22

Maritime Life CI Harbour Seg Fund: $1 271,36

Maritime Life Fidelity True North Seg Fund: $1 237,13

Manulife GIF MLIA B World Invest: $1 259,56

Total: $6,849.07

Other various: $15,975.72

TOTAL: $74,141.51

Social Capital at Desjardins Membership share: $35

Online money: $61.25

Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$272,533.26

On the date of June 3, 2020

Welcoming a new investment in my RRSP portfolio: NBI Income Fund

Yesterday, I couldn't resist, I had to update my portfolio to check out where I was out. I closed yesterday session with a net worth of $218,183.84. I will try to update again my portfolio this evening because I am pretty sure that right now, I may be in the 220k net worth. Just in case you didn't know, the TSX closed today session with a good 15,575 points!!!

The markets are going up, despite the recent sad event that conducts to the killing of George Floyd by a policeman. Despite the protests that are still going on in the US, the markets are doing quite well, and the TSX is no exception. And it's quite strange, knowing what is going on. Personally, I think that those protestations are of a necessary need, so that in the long term, problems get resolved in the US. Like too many times, Donald Trump is not exactly taking the correct action to address the situation properly. In those times, every country needs a strong leader. But the problem with Donald Trump is that he's too strong and he always does things his own way, without caring for the opinion of others. He's so indelicate, it's not his fault, it's in his nature. We could have thought to easily that following Barack Obama's term, racism would have decreased drastically in the US. It may have helped up to a certain extent, but it seems like too many people are still suffering from racism, and even here in Canada. However, I like to think that the situation is better here in Canada.

I don't know if you ever check very carefully my portfolio updates, but a couple weeks ago, I had a new investment in my RRSP portfolio: NBI Income Fund. I had a certificate that had expired and I reinvested the money in a low-risk mutual fund. Nothing exciting, but not to break the protocol and bring me my usual good luck, I decided I had to welcome NBI Income Fund inside my investment portfolio. A good thing had been done and now completed.

My investment portfolio on date of June 2, 2020

Cold cash: $2,001.77

Stocks and Units investment portfolio $CAN

Bank of Nova Scotia (BNS): $10,353.20

Methanex Corporation (MX): $2,586.40

Fortis Inc. (FTS): $6,750.72

Pembina Pipeline Corporation (PPL): $27,083.34

iShares S&P/TSX Capped REIT Index (XRE): $2,244.40

New Flyer Industries Inc. (NFI): $2,025.78

TMX Group Inc. (X): $1,049.76

K-Bro Linen Inc. (KBL): $2,930.00

TransCanada Corp (TRP): $1,538.00

Canadian National Railway Co (CNR): $10,657.80

Enbridge Inc. (ENB): $15,778.00

Emera Inc. (EMA): $1,368.25

BCE Inc. (BCE): $1,268.74

Saputo Inc. (SAP): $1,348.40

Loblaw Companies (L): $810.96

Savaria Corporation (SIS): $7,289.62

WSP Global Inc. (WSP): $4,294.50

Aphria Inc. (APH): $1,214.00

George Weston Limited (WN): $98.13

Rogers Communications Inc. (RCI.B): $1,714.20

Telus Corp (T): $2,187.00

Power Corporation of Canada Subordinate Voting Shares (POW): $2,146.50

TOTAL: $106,737.70

Stocks and Units investment portfolio $US:

Berkshire Hathaway Inc. (BRK.B): $1,486.48

General Mills Inc. (GIS): $2,029.12

Cash: $39.99

TOTAL: $3,555.59 US: $4 908,14 CAN

Tax-free savings account (TFSA):

Dumont Nickel Inc. (DNI): $12.92

CT Real Estate Investment Trust (CRT.UN): $1,312.00

Canadian National Railway Co (CNR): $4,736.80

Exchange Income Corporation (EIF): $26.69

Brookfield Infrastructure Partners L.P. (BIP.UN): $3,855.60

Brookfield Renewable Energy Partners L.P. (BEP.UN): $1,966.80

Andrew Peller Limited (ADW.A): $1,592.01

Toronto-Dominion Bank (TD): $1,215.80

Boyd Group Services Inc. (BYD): $6,167.10

Canadian Apartment Properties Real Estate Investment Trust (CAR.UN): $3,249.40

Data Communications Mgmt (DCM): $0.72

Morneau Shepell Inc. (MSI): $2,919.60

Royal Bank of Canada (RY): $6,086.60

Park Lawn Corporation (PLC): $1,399.20

Toromont Industries Ltd (TIH): $2,700.00

BCE Inc. (BCE): $519.03

Boralex Inc. Class A Shares (BLX): $1,127.20

Richelieu Hardware Ltd. (RCH): $1,301.80

Savaria Corporation (SIS): $964.60

Northland Power Inc. (NPI): $3,215.00

Calian Group Ltd. (CGY): $3,925.70

Canadian Utilities Limited (CU): $1,364.16

WSP Global Inc. (WSP): $2,147.25

Granite Real Estate Investment Trust (GRT.UN): $672.60

Cargojet Inc. (CJT): $3,737.81

Nutrien Ltd. (NTR): $2,464.00

TFI International Inc. (TFII): $3,347.20

Canadian Imperial Bank Of Commerce (CM): $2,773.80

SIR Royalty Income Fund (SRV.UN): $243.54

ATCO Ltd. (ACO.Y): $2,439.00

Aecon Group Inc. (ARE): $1,492.78

Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A): $2,532.51

Metro Inc. (MRU): $2,107.48

Alimentation Couche-Tard Inc. (ATD.A): $517.68

Fortis Inc. (FTS): $1,845.90

CGI Inc. (GIB.A): $1,773.60

TMX Group Limited (X): $3,280.50

Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC): $436.59

Suncor Energy Inc. (SU): $420.41

Cash: $334.62

TOTAL: $82,226.00

RSP investment portfolio: 

Emera Incorporated (EMA): $16,254.81

Ovintiv Inc. (OVV): $253.89

Toronto-Dominion Bank (TD): $1,823.70

Telus Corp (T): $2,454.30

Royal Bank of Canada (RY): $1,872.80

Savaria Corporation (SIS): $2,783.56

Thomson Reuters Corporation (TRI): $3,417.12

Park Lawn Corporation (PLC): $4,664.00

Richards Packaging Income Fund (RPI.UN): $1,876.71

Toromont Industries Ltd (TIH): $472.50

CAE Inc. (CAE): $1,502.90

CGI Group Inc. Class A Subordinate Voting Shares (GIB.A): $3,103.80

Boralex Inc. Class A Shares (BLX): $1,409.00

Quebecor Inc. (QBR.B): $760.75

Logistec Corporation Class B Subordinate Voting Shares (LGT.B): $219.80

Brookfield Renewable Partners L.P. (BEP.UN): $1,245.64

Leon's Furniture Limited (LNF): $469.20

Bank of Nova Scotia (BNS): $343.20

Cash: $231.54

Total: $45,159.22

CIBC Dividend Growth Fund + CIBC Emerging Markets Index Fund + CIBC Monthly Income Fund: $2,816.76

Energy and Base Metals Term Savings (Indexed term savings): $577.30

Natural Resources Term Savings (Indexed term savings): $502.45

NBI Income Fund: $1 387,81     

Manulife Fidelity NorthStar GIF CAP: $1 653,07

Manulife Simplicity Growth Portfolio: $1 406,10

Maritime Life CI Harbour Seg Fund: $1 257,40

Maritime Life Fidelity True North Seg Fund: $1 227,70

Manulife GIF MLIA B World Invest: $1 260,48

Total: $6 804.75

Other various: $15,879.17

TOTAL: $73,127.46

Social Capital at Desjardins Membership share: $35

Online money: $61.25

Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$269,097.32

On the date of June 2, 2020

My debt situation on date of June 2, 2020

Margin account: $46,213.48 @ 4%
Annual interest:  $‭1,848.54

Credit line: $4 700 @ 4.31%
Annual interest: $202.57

Total: $50,913.48‬
Total annual interest: $2,051.11
On the date of June 2, 2020

**For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.

WOW WOW WOW, the TSX reached in the 15 300 points today!

And this was really exciting, but the TSX closed today's session below the 15 300 points. Currently, I under the impression that my net worth is in the $216 000, which is a gain of $5 000 compared to almost exactly one month ago. If the TSX closed on positive gains tomorrow or if it remains the same, I will post a new update of my portfolio. I preferred to post an update of my investment portfolio only when it plays to my advantage, to show off as a diamond. I guess that many mutual funds would like to have the exact same privilege, but we cannot all be Dividend Girl. My non-registered portfolio closed today session at $105,415.06, my TFSA portfolio at $81,846.63, and my RRSP portfolio at $44,826.25.

I don't  have an air conditioner in my apartment, but that's my choice. I could afford the big machine, but it would be for me a waste of space in my little apartment, however, it could easily fit. However,  I never wanted to spend money on it. Feeling the deep heat in my body is my way to feel that yeah, I am alive bitch! And I certainly felt quite alive during the past two days. Today was better, and tomorrow, it won't be as ho, it will be more tolerable. 

Lately, Canada's big banks had come with their financial results and many are facing problems with loans. And their profits are a lot lower. Despite it all, the TSX closed today almost at 15 300 points. This is not making much sense, but I stopped a long time ago trying to actually understand because too many times, the TSX doesn't obey to any logic and that's something really important to catch quickly when you are investing in stocks. Despite it all, I believe in the capitalist system. Capitalist will never let us down. Governments all over the world are injecting millions and millions in their economy. Be sure that no one wants the market to do down. Rich wants to get richer, and so retail investors, so watch out.

Everything you need to know about owning a margin account - Part 2

As expected, it was quite hot in Montreal today, but it's tolerable. In times like these, I am missing working from my usual workplace. We all knew that terrible things were happening in Quebec province when it comes to health care who are giving to seniors in a specialized establishment, but it seems that the province of Ontario is suffering from the same lack of medical care, and not only medical, but also, simply basic care, and it's a real shame. Quebec and Ontario are among Canada's richest province, but it comparison, New Brunswick is in a much better position because we are simply the best, almost perfectly bilingual - and best investors of course, you cannot say otherwise because you are reading this right now - and we are caring. This being said, no place is perfect - even my beloved New Brunswick.

Today, the TSX was the place to be. The TSX closed today session at a good 15,148.12 points. My non-registered portfolio closed today session at $104,970.77, my TFSA portfolio at $81,396.56 and my RRSP portfolio at $43,967.58. My margin debt is at 45,526.03, and I have left $17,900.34 available in margin money. Earlier this month, I wrote a post about my margin account, but I have a bit more to say on the topic, so you can really understand what it is to have a margin account.

Currently, I have over $18 000 available in contribution room for my TFSA. One reason why I didn't maximize my TFSA usage yet is that specifically of my margin account. Personally, I like to do contribution in kind for my TFSA portfolio. It's a simple way to contribute to my TFSA when I don't have savings available. A contribution in kind is when you take an existing stock investment that you hold inside your non-registered portfolio, and get it transfer to your TFSA portfolio. This is something that appears quite simple to do, but nothing is simple when you have a margin account link to the exact non-registered portfolio.

Currently, I have left $17,900.34 on my margin - which secures it from the volatility of the market. Personally, to feel safe, I like to have at least a $15 000 left available on my margin. That way, if the value of my non-registered portfolio suddenly decreased, it will help me to keep my head out of the water. But that being said, if the value of my non-registered portfolio goes lower, the amount left that is at my disposal on my margin will go lower too. So it's always a struggle. While having a margin debt, you'll never remain out of the market, you'll always remain link to it, no matter that you like it or not. A margin debt really does take away your freedom. That's something really important to know. However, don't feel sorry for me, I wanted this, and it's had been my reality for a couple of years now. It's just that I really want to explain things the way they are because I feel that your broker probably won't explain things as clearly if you decided to sign up for a margin account. Your broker just wants to maximize the amount of money they can do on your back. Other than that, they won't give damn. Don't count on anyone when it comes to your personal finance.

The following will explain to you why I still have a $18 000 left in contribution room when it comes to my TFSA portfolio. I have spotted a few stocks that I hold inside my non-registered portfolio that I would like to take in consideration for a contribution in kind for my TFSA portfolio:

BCE Inc. (BCE): $1,261.04 (value on date of April 29, 2020). Margin value: $873

Rogers Communications Inc. (RCI.B): $1,779.90 (value on date of April 29, 2020).  

Margin value: $1 195

Telus Corp (T): $2,082.60 (value on date of April 29, 2020). Margin value: $1 437

Power Corporation of Canada Subordinate Voting Shares (POW): $2,053.80 (value on date of April 29, 2020). Margin value: $1 316

 

Like you know, I have exactly $17,900.34 left available on my margin account. If, I decided to take all the shares that I own of BCE Inc. (BCE) inside my non-registered portfolio in order to proceed with a contribution in kind for my TFSA portfolio, that move will take away exactly $873 from that $17,900.34, which will leave me with a $17,027.34 as available money on my margin account.

While proceeding with a contribution in kind, it's always better, to stay on the safe side, to put the equivalent of the margin value of the stock you decided to use for the contribution in kind in cash, inside your non-registered portfolio. For example, if I would take my BCE Inc. (BCE) shares that are from my non-registered portfolio in order to proceed with a contribution in kind for my TFSA portfolio, I would have to inject exactly $873 inside my non-registered portfolio.

And this close for today your lesson for the margin account.