I had some money available in my US portfolio account so I place a little super tiny investment in Brookfield Infrastructure Partners LP Class A Subordinate (BIPC). I currently have a small amount of cash lying in my RRSP portfolio so I could place another small investment soon.
The TSX closed today in the 20,000 points, but it was a short one. During the day, the TSX fell down within 19,900 points. However, I didn't have time to watch for very long. We are receiving a heavy load of work at my job and it's keeping me ultra busy, which I don't exactly dislike at the present time because I can certainly use the money. I am expecting two other very nice paychecks for December. I should be able to save over $2,800 by the end of December even after considering money to pay my bills for January 2023, so I am quite happy with that. It's quite easy to save money around here (in New Brunswick) while having nowhere to spend my money. This morning, we saw a fox outside and it was the event of the day.
I recently proceed with an RRSP contribution of over $1,000. For 2022, my RRSP contribution is around $6,000. This is enough to save me from any extra taxes payment and I don't plan to inject more money than that into my 2022 contribution. When you take a minute to actually think about it, $6,000 represents $500 per month. It's quite a sustainable amount of money.
One of the reasons why I am not looking forward to investing more in my RRSP is because I had set myself a $20,000 in savings for 2023. This mean I need to put away $10,000 in savings for 2023, and that $10,000 represent $833.33 per month! It's a lot of money if not too much! But the good news is, since I will have an extra $2,600 by the end of December, I will only have around $6,600 to save for 2023 to make it to my $20,000 in savings. If lucky enough, I may be able to make that happen before leaving New Brunswick for Montreal sometime in the Spring of 2023... It's a viable plan.
Other than reinvesting my dividend earn in my investment portfolios, I am not that tempted to invest in new stocks. I am not very in the mood to invest more sustainably in stocks. I had always lived paycheck to paycheck so I welcome the idea to have a bit more in cash. I currently have over $10,000 in savings, but that's not a lot. However, I can say that I feel less stuck while dealing with my expenses with $10,000 available in hand. Eventually, $30,000 in savings would be my ideal number to cover emergencies and stuff, but let's start with 20k.
These days my portfolio is doing ok, but my numbers could be higher if the TSX was gaining a bit more points. It's quite rough and I really dislike seeing the TSX going under 19,000 points. Today, my non-registered portfolio closed the session at $145,225.15, my TFSA portfolio at $124,924.11, my RRSP portfolio at $61,904.58, and my US one at $5,456.73 (in US dollars of course).
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