Closing the month of February with a $466,201.33 net worth

I took a moment this past Friday to update my investment portfolio. I closed the month of February with a $466,201.33 net worth. I’m sincerely impressed by the TSX. Despite everything going on right now, it remains quite strong. About two weeks ago, I reached my highest net worth ever: $469,813.55. At now $466K now, I’m not too far from reaching my all-time high again. 

The TSX closed this past Friday’s session at 25,393.45 points, up +265.21 points (+1.06%). That’s quite impressive, especially considering the war in Ukraine, the lack of U.S. support for international affairs, and Trump’s tariffs on Canadian imports. New tariffs are expected to be announced soon, probably tomorrow, since we’re already in March and Trump previously announced tariffs on Canadian and Mexican imports. 

I have been dealing with problems of my own. We got a lot of snow this weekend in New Brunswick! Check this out:

My hard work… I cleared the side of the house, creating a small pathway just wide enough to walk through, for security purposes—just in case. This leads to the balcony behind the house.

One stock that is no longer in my TFSA portfolio is TFI International Inc. (TFII). Part of the capital from the sale went into my savings. As previously announced, I also used a portion of the funds to invest in Innergex Renewable Energy Inc. (INE).

My investment in INE closed Friday’s session with a solid +1.05% gain. By the end of the year, the Caisse de dépôt et placement du Québec will pay $13.75 per share to acquire INE. Between collecting INE dividends and receiving the buyout money sometime in Q4, I estimate that I’ll be collecting around $400—certainly much better than any interest I could earn from a savings account.

My latest investment in Innergex Renewable Energy Inc. (INE) is part of my strategy to build up my savings in 2025. I’m pretty much set to reach $35,000 in savings by the end of the year. That amount includes my dividend income from my non-registered and TFSA portfolios, as well as the proceeds from selling my INE shares. Without factoring in the sale of INE in my TFSA, I estimate my savings will be around $27,000 by year-end, even after budgeting over $9,500 for trips.

For clothing, I’m only budgeting $1,500. I originally planned for a no-buy year, but in my own way. I’ll still be buying, but I’ll try to control my spending and only purchase what I truly need. We’ll see how it goes!