It's been a strange week, with a lot of volatility for the TSX, with a lot of ups and downs. Just two days ago, on April 22, I was reaching out on my highest net worth ever exceeding $360,000. And today, in a single day, the TSX loss -2.14%, which represents a loss of close to 6k to my stock investment portfolios. My non-registered portfolio closed the session at $145,837.14, my US portfolio at $5,135.68, my RRSP portfolio - stocks only - at $66,795.20, and my TFSA portfolio at $128,477.76.
While watching the disaster, I decided to transfer $2,100 from my savings over to my margin account. Today, my non-registered portfolio experiment a loss of $2,400, so it will help to compensate. My goal is to always make sure that my margin account is in a good shape. Paying it down a little bit can only help. I actually have room left to add another 2k in my margin if I really want to.
I had received my renewal notice from my tenant home insurance contract, and I was choked by an increase of $42 for the next year. I call to have that increase decrease, if I may say. I must admit, I didn't shop around, but what I did is that I increased the premium to $1000, which I will have to pay out of my pocket before I can access any insurance money if anything would have to happen. The amount I am insurance for my stuff is only $10,000. And I also have subsistence fees of $2,000 if anything would have to happen. It's pretty much it. I had been renting for years in Montreal, but last year was the first year ever that I got enrolled in a tenant home insurance. I think it's important, especially in regard to the civil liability coverage that such insurance provided. You never know what can happen. Also, you get taken in charge in case of a fire, to relocate and stuff. My 15 minutes call made me save $36.59 on an annual basis.
These days, I am willing to do anything I can to save some money. The weather is getting warmer and I am thinking about canceling my subscription to Crave, which is about $10 per month. This could be my next step.
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3 comments:
My portfolio has down 8k from 329k to 321k. Hope it will be better next week.
It has been a very strange time in the markets indeed. Seems like the market is fearing rate increases. But I like how you just hold through it all, and yeah the drawdowns suck, but overall you have stuck with it, and your net worth has grown a lot over the years.
Hi John Guy,
I hope it won't be too bad..
Hi Mike Satch,
We need to remember to buy when prices are low, and not to buy when prices are high. I built a big part of my portfolio following 2008 and it had paid off. I think I will be fine, but it's just a lot to take. Many retail investors probably dealing with a lot of stress right now.
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