Welcoming My Highest Net Worth Just in Time for Thanksgiving: $456,916.94

I spent the day in New Brunswick's woods. Today was quite special because we saw a female moose with her baby. 

I rarely see moose, mainly because I only go hunting a few days during the whole hunting season. When I arrived home and saw that the TSX closed today's session at 24,471.17 points, I was truly amazed. I knew I had to update my investment portfolio, and so I did. Unfortunately, I am not able to view the current value of my CIBC mutual funds in my RRSP, as that part of CIBC's system is currently under maintenance. I used the same value as on October 4, 2024, for my CIBC mutual funds. I closed today's session with a net worth of $456,916.94. It's quite impressive considering I started 2024 with a net worth of $379,670.38. I first had to reach $400k, and for some reason, $450k came quite quickly. Let's just say I am enjoying the momentum while I can because I know a correction could happen at any time. The TSX can't stay in gain mode forever without a correction eventually happening. That's the main reason I update my investment portfolio on my blog whenever I see significant gains. At this point, I think I may be able to close the month with a net worth of $460k.

In my non-registered account, I only have two stocks that are in the red: BCE Inc. (BCE) and Toronto-Dominion Bank (TD). For BCE, that's quite common these days, but for TD, this downturn is a new development. The reason behind it isn't a mystery. In the U.S., Toronto-Dominion Bank (TD) was fined $3.1 billion due to anti-money laundering issues. But that's not the whole story. TD's growth in the U.S. is now restricted, as the U.S. has imposed a cap on the bank, limiting its ability to operate as it wants. This will make it harder for TD to recover from the massive fine. Today was actually the first time I noticed a negative return on my TD investment.

I hold some Toronto-Dominion Bank (TD) stocks in my non-registered, TFSA, and RRSP portfolios. At this point, I still have significant gains on TD in my TFSA and RRSP portfolios. I'm seriously considering selling all of my TD stocks. TD messed up badly, and it's not the kind of stock I'm willing to hold onto. Plus, I have a $4,778.82 margin debt that could use the funds to pay it down. TD's problems go beyond the $3.1 billion fine. As a result of this mess, TD will be selling several billion dollars in U.S. assets—$50 billion, if I read correctly—and this will impact TD's value. I'm also not happy with the current situation TD is in. I could either partially sell the TD stocks I hold or sell them all. It's a tough decision, but at the same time, it isn't. My mind isn't made up yet on what to do next, but ultimately, the decision is mine.