On the Road to a 440k Net Worth

I am almost there! I closed this trading day with a net worth of exactly $439,463.77. When I looked at my numbers, I was under the impression that the 440k milestone was within reach, but it didn’t happen. The TSX closed today's session at 23,027.15 points. To reach 440k, I need just a few more points. Something quite interesting is that the value of my non-registered portfolio is very similar to my TFSA portfolio. It's been that way for a little while now. My non-registered portfolio closed the session at $149,003.50, and my TFSA portfolio at $147,220.60.

I feel like this news flew under the radar. Just a few days ago, North West Company Inc. (NWC) announced a dividend increase of 2.6%. The only reason I know this is because I check the "Dividend Updates" page on 5i Research. You may want to keep that webpage handy because it’s very useful. They do a great job compiling all the dividend income changes for stocks that trade on the TSX. I sometimes don’t follow my stocks daily—especially during the summer months—so I occasionally miss the latest dividend increase news.

In my non-registered portfolio, one of my big dividend providers is Pembina Pipeline Corporation (PPL). I’ve been holding PPL in my portfolio since my early days. The reason I’ve held Pembina Pipeline for so long is that it was recommended in one of Derek Foster’s books. My investment in Pembina has been quite successful. I use the dividend DRIP to generate new shares. Today, Pembina announced the acquisition of assets from Veren Inc. I had never heard of that company before, but coming from Pembina, I assume it might be a good business move. While PPL announced this deal today, they closed the business day with a +1.12% gain, which is quite good. Pembina Pipeline has always been a very solid stock in my portfolio.

Another one of my stocks recently announced some acquisition news: Methanex Corporation (MX), with an acquisition worth $2.05 billion. I invested in Methanex during the 2008 stock crash, and because of that, I’ve done very well with this stock. I’ve been lucky with this one. If I had bought it at a different time, I probably wouldn’t be as happy with MX. Methanex is extremely volatile. I wouldn’t recommend this stock to anyone. The only reason MX is still in my portfolio is that I got my shares for really cheap—less than $20 per share—a long time ago. For that reason, I’m in a good position. Also, I don’t mind having some exposure to the chemical industry.

I’ll be watching the TSX closely over the next couple of days. The 440k net worth might be just around the corner. It’s only a matter of time now.