Its not fun to see the TSX going under the so valuable mark of 15 000 points. And its doing so for a mix of reason, economy going to well, pot stocks drooping in value, interest rate being hike in the US and now, in Canada... The economy is just going too well, and in result, central bank increase their interest rates, but markets don't like it. Its quite strange, I think the first time ever that I am going through a stock crash because the economy is doing too well. Anyway, it has bad consequences for the stock markets all around the world. Problems between US and China are not helping either.
Anyhow, for now, I am doing ok. My non-registered portfolio closed today session at $170 033.38, my TFSA portfolio at $75 295.72, and RRSP portfolio at $37 632.75. I had lost in value, but my dividend income remain the same. Got to focus on the bright side. I am still on profit with many of my stocks, and its the case of the vast majority of my stocks. If you are in for the long run, focus exactly on that, the long run. Its not the moment to sell any of your stocks. Its not pleasant to see your assets going down, but its part of the game.
2018 was supposed to be my year of glory, the year when I was going to hit on the $300 000 magic net worth. During that time, if you want to get a good laugh, CIBC is offering me a credit card transfer at 1% interest and BMO Mastercard wants to increase my credit limit and want me to proceed with a credit card transfer at 0%. I accept the offer of BMO to increase my credit card limit. BMO Bank of Montreal and CIBC (but I like CIBC anyway) are real gangsters who are trying to make more money on the back of your really precious Dividend Girl.
This is not a fun moment, but now is the perfect time to focus on your budget, see where you can save money, cut your spending and invest all that good money over the TSX to make sure my baby hit on back the 16 000 points. But let's begin with a 15 000 points please.