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Monday, November 25, 2024

Welcoming a $465,000 net worth!

When the TSX closed this past Friday's session above 25,400 points, I felt obligated to update my investment portfolio—and so I did. In my previous portfolio update, I forgot to include a newcomer to my US portfolio: Nu Holdings Ltd. (NU). This time, however, my investment portfolio is fully updated.

My non-registered portfolio closed the session at $159,157.46, just shy of the $160k mark, which was quite impressive to see. My US portfolio closed at $8,766.68 CAD, my TFSA portfolio at $154,912.11, and my RRSP stocks-only portfolio at $73,484.21.

Next week, I’ll be receiving my final paycheque for November. According to my latest calculations, I should be able to reduce my margin debt to around $760, which makes me quite happy. Bringing it below $1,000 feels like progress! However, as I mentioned previously, I’ve subscribed to Stockopedia for the next 12 months. My subscription for the Canadian market only is billed in US dollars at $276.50, which comes to approximately $389 CAD. This charge will appear on my credit card on November 29 and will need to be paid off sometime in December.

I’ve spent some time exploring Stockopedia and have already found some interesting stocks. I currently have over $3,000 in cash inside my RRSP. I’m not in a rush to invest it, but it’s nice to browse and think about potential opportunities. In my opinion, it’s not the right time to invest when the TSX is trading near its all-time high. Any new investments can certainly wait for a stock market correction, whether big or small.

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3 comments:

Anonymous said...

HI Sunny. What are your thoughts on Cryto/bitcoin seeing how Trump is getting back in. I see you still have some cryto currency. If you didnt have any would you consider buying some now with a little spare cash. ..a small percentage that you could afford to lose (play money)? Thanks

Sunny said...

I hold only a few units of The Bitcoin Fund Class A units (QBTC), Purpose Bitcoin ETF CAD non-currency hedged units (BTCC.B), and 3iQ CoinShares Ether ETF (ETHQ) in my TFSA portfolio. I had more investments in crypto ETFs in the past. For a while, I was even actively trading them, until I got caught in a downturn and could no longer sell at a profit. That happened a few years ago, though I was able to sell at a profit earlier this year.

All that to say—crypto is extremely volatile. I wouldn’t trust Trump or anyone else on it. Trump is simply not stable enough to be trusted on anything. Only invest an amount you’re comfortable losing, in case things take a bad turn. As for me, I don’t think I will be investing any more in crypto ETFs.

Anonymous said...

Appreciate your thoughts, thanks. Think I will stay away too.

 

Thank you

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