Cold cash: $2,395.69
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1 330,68
On date of September 9, 2024
Because life is all about money and a bunch of other things
Cold cash: $2,395.69
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1 330,68
On date of September 9, 2024
Margin Account Debt: $3,633.49 at 7.75%
Annual Interest: $281.59
One thing is for sure: so far, 2024 has been quite an awesome year for my personal finances. I started the year with a net worth of $380k, and currently, my net worth is almost $436k. That's a gain of $56,000, which represents nearly +17%. And the best part is, the year isn't even over yet!
Back in June, the Caisse de dépôt et placement – one of Canada's largest institutional investors, managing funds primarily for public pensions and insurance plans in Quebec – proudly announced its mid-year result of a 6% return. It really made me laugh. The Caisse de dépôt et placement will never see a single dime of my money, that's for sure. It's not that I don't want my money to be professionally managed; I just want it to be well-managed. If, in such a strong year for the TSX, the Caisse can't make more than 6% mid-year, imagine how bad their returns will be when the economy turns ugly. It's really important to take full advantage of what the stock market offers during good times. That way, it will be easier to face the downturns, which are never easy and can take months to recover from.
I ended last Friday’s session with a very solid net worth of $435,834.87, and my margin debt is at $4,488.57. This year, my main focus has been on paying off that margin debt, and it seems like that strategy has paid off. In a few days, I will be celebrating my 44th birthday, and my goal is to reach a $440,000 net worth by the big day – August 27, in case you don’t remember. It’s going to be tough, but it's not impossible. To make it happen, I only need $4,165.13 more. I have to admit, sometimes I get the feeling that I might be able to close the year with a $450k net worth. Hitting $436k or $450k would be great, but the real goal is a half-million-dollar net worth. If you ask me, I see that happening in 2025. But hey, that's just me. I’m mostly optimistic when it comes to the stock market. Can the TSX deliver well for two years in a row? We'll have to wait and see.
It looks like I just received some dividends, and at the same time, the interest on my margin debt came in, which now stands at $4,437.01. With just a few thousand left to go, my goal is to pay off that debt by the end of the year. By the end of August, I’ll have exactly $733.16 to put toward the debt, reducing the balance to $3,703.85. To pay it off entirely by year-end, I'll need to pay $925.97 per month in September, October, November, and December. That’s a big amount, but as usual, I'll use some of my dividend income to help with the process. Lately, I’ve had to really watch my spending. One of my indulgences is random lipsticks and hair products, but I’m proud to say I've been pretty good at managing my expenses. There's always room for improvement, but for the most part, I’ve done well. For now, I’m just focused on maximizing growth as much as possible.
As for turning 44, I’m not sure how I feel yet – just normal, I guess.
2024
2023
2022
Total in assets: $364,072.52/Net worth: $315,407.64: July 26, 2021
Total in assets: $358,867.59/Net worth: $311,858.22: June 15, 2021
Total in assets: $354,774.64/Net worth: $307,559.30: June 10, 2021
Total in assets: $348,042.77/Net worth: $300,799.45 - FIRST TIME I EVER REACHED 300k in net worth, on May 26, 2021
Total in assets: $346,583.88/Net worth: $298,486.93: May 20, 2021
Total in assets: $349,651.45/Net worth: $298,435.31: May 7, 2021
Total in assets: $347,002.53/Net worth: $297,614.64: April 16, 2021
Total in assets: $338,188.16/Net worth: $287,914.75: March 11, 2021
Total in assets: $333,970.92/Net worth: $283,675.99: March 9, 2021
Total in assets: $328,881.12/Net worth: $279,611.57: February 10, 2021
Total in assets: $326,670.02/Net worth: $278,758.37: February 8, 2021
Total in assets: $324,891.52/Net worth: $276,979.87: February 4, 2021
Total in assets: $322,236.52/Net worth: $274,318.36: February 3, 2021
Total in assets: $327,639.01/Net worth: $274,298.23: January 19, 2021
Total in assets: $316,192.85/Net worth: $268,180.14: January 7, 2021
Total in assets: $313,003.95/Net worth: $264,915.22: January 6, 2021
Total in assets: $310,587.36/Net worth: $262,498.63: January 5, 2021
2020
Total in assets: $310,392.38/Net worth: $259,661.24: December 31, 2020
Total in assets: $307,812.05/Net worth: $259,070.79: December 24, 2020
Total in assets: $306,444.25/Net worth: $258,948.73: December 4, 2020
Total in assets: $304,701.39/Net worth: $257,331.58: November 27, 2020
Total in assets: $300,956.84/Net worth: $253,587.03: November 24, 2020
Total in assets: $298,903.01/Net worth: $251,533.20: November 23, 2020
Total in assets: $296,643.60/Net worth: $249,158.71: November 20, 2020
Total in assets: $294,514.87/Net worth: $247,145.87: November 11, 2020
Total in assets: $291,172.40/Net worth: $243,802.59: November 10, 2020
Total in assets: $287 803.13/Net worth: $240 433.32: November 9, 2020
Total in assets: $277,872.92/Net worth: $226,678.26: August 5, 2020
Total in assets: $276,627.27/Net worth: $227,745.47: June 6, 2020
Total in assets: $263,304.63/Net worth: $211,395.63: April 29, 2020
Total in assets: $241 461,13/Net worth: $194 558,29: March 13, 2020
Total in assets: $282,640.61/Net worth: $235,284.72: February 21, 2020
Total in assets: $304,955.72/Net worth: $257,187.44: February 12, 2020
Total in assets: $296,200.07/Net worth: $250,595: January 16, 2020
Total in assets: $292,715.58/Net worth: $244,970.41: January 9, 2020
2019
Total in assets: $288,237.52/Net worth: $239,582.44: December 31, 2019
Total in assets: $278,823.27/Net worth: $230,902.04: September 17, 2019
Total in assets: $271,896.19/Net worth: 226,137.05: June 24, 2019
Total in assets: $269 950.21/Net worth: $222 942.87: April 5, 2019
Total in assets: $251 634.94/Net worth: $206 278.84: January 18, 2019
Total in assets: $238 656.07/Net worth: $191 009.83: January 4, 2019
2018
Total in assets: $270 679.86/Net worth: $204 306.57: November 16, 2018
Total in assets: $332 750.88/Net worth: $232 609.15: August 3, 2018
Total in assets: $331 413.83/Net worth: $232 280.40: June 20, 2018
Total in assets: $326 085.75/Net worth: $226 801.92: June 3, 2018
Total in assets: $322 479.23/Net worth: $222 850.15: May 4, 2018
Total in assets: $319 644.86/Net worth: $217 246.23: March 16, 2018
2017
Total in assets: $318 544.64/Net worth: $221 989.65: December 29, 2017
Net worth on the date of November 17, 2017: $211 430.89
Net worth on the date of October 27, 2017: $212 633.39
Net worth on the date of September 29, 2017: $206 352.49
Net worth on the date of April 24, 2017: $204 277.66
Net worth on the date of March 31, 2017: $200 325.69
Net worth on the date of March 29, 2017: $198 299.73
Net worth on the date of March 18, 2017: $193 969.21
2016
Net worth on the date of December 30, 2016: $184 074.35
Net worth after debt on the date of January 1, 2014:
$101 172.99 (yes, finally, IN NET WORTH!).
On the date of February 16, 2011, the TMX hit 14 000+ points, and I exceeded the 150k in assets! (Not net worth yet).
On September 9, 2010, I reached $100,000 in assets! (not in net worth yet).
On the date of August 5, 2009, I reached my investment goal: I reached $50 000 worth of assets! (NOW, net worth).
On the date of December 5, 2009, I had exceeded $60 000 in assets! (not in net worth yet).
Margin Account Debt: $4,488.57 at 8.25%
Annual Interest: $370.31
Cold cash: $3,448.23
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1,321.10
On date of August 23, 2024
My numbers are currently not at their highest, but they remain stable. The TSX closed the day with 22,398.93 points. My non-registered portfolio closed today's session at $142,289.80, my TFSA portfolio at $142,772.19, my RRSP stocks-only portfolio at $68,653.04, and my US portfolio at $5,920.88 USD. I have noticed this before, but once again, the value of my TFSA portfolio exceeds my non-registered portfolio, which is exactly what I want.
Today, I proceeded with the sale of Park Lawn Corporation (PLC). A couple of months ago, PLC announced its intention to leave the TSX to become a private company. Park Lawn had been in my TFSA portfolio since July 2016. I discovered this stock using the Stockopedia platform and recorded very good gains on Park Lawn. I always liked Park Lawn because it was a different kind of stock—the company is a funeral, cremation, and cemetery provider. It's a business that is not very well-known and rarely discussed, which I like. I actually enjoy holding some stocks that are not very well-known and that we rarely hear about, provided that the stock has a strong overall chart and pays some dividends. These days, I find it very difficult to save money. My expenses add up quite quickly, especially during the summer.
From my understanding, it was announced that Park Lawn Corporation (PLC) would no longer be trading on the TSX starting August 9. However, I noticed that PLC continues trading on the TSX and that I didn't receive the promised $26.50 per Common Share. So I turned to the latest news release concerning Park Lawn Corporation (PLC), and it appears that in order to actually receive the $26.50 per share, investors need to sign a letter of transmittal to Odyssey Trust Company. This is very unusual. Whenever a change of this nature happens, based on my experience, it's always been done automatically—I never had to do anything.
This past weekend, I sent an email to Odyssey Trust Company, stating that I was a shareholder of PLC and requested that form, as no form had been sent to me by email or regular mail. This morning, I received a response from Odyssey, and they sent me the form that I need to complete and sign. However, on that form, you need to provide your broker account number. There’s no way I am going to share that information with anyone. I was pretty upset. So I looked over at Park Lawn Corporation (PLC). To my surprise, it was still trading on the TSX! So I decided to sell my shares. I didn't get the $26.50 per share, but I was close enough. I lost a little—$6.60—by proceeding with the sale without completing the Odyssey Trust Company's form. I am very happy with my decision.
To remember the moment as a little souvenir, I took a screenshot of my trade on the TSX website:
It's now official—Park Lawn Corporation (PLC) is no longer in my TFSA portfolio. Very soon, I will have the money transferred to reduce my margin debt. At that time, my margin debt will be exactly $4,538.91. By the end of August, I will have an extra $600 to pay it down. My goal is to pay off the remaining debt by the end of this year. I really need to do this; otherwise, I know I’ll never pay it all off. The interest rate is still high on my margin account, so it’s definitely worth it to pay it down.
The TSX closed today at a very nice 23,110.81 points, leaving my portfolio higher than this past Friday. Currently, I don't have much in terms of savings after paying my bills and rent, but I knew my numbers were going to be great. I don't exactly know why the TSX decided to close over 23,000 points today, but trust me when I say, I am enjoying the moment.
Today, my non-registered portfolio closed at $145,071.04, my US portfolio at $5,944.81 USD, my RRSP stocks-only portfolio at $70,278.78, and my TFSA portfolio at $149,355.32. I mentioned it before, but it's now super official: the value of my TFSA portfolio is exceeding the value of my non-registered portfolio. In terms of dividend earnings, it's close to being 50-50, but I earned about $1k more in dividends in my non-registered portfolio. I am earning the equivalent of a bit more than $942 per month in dividends from my TFSA and non-registered portfolios.
I am currently spending a few last days in New Brunswick before going back to Montreal. The next time I will be in New Brunswick, it will be October, right on time for the hunting season. Luckily, I can work remotely. The weather has been very hot this past weekend. This is where I have been to escape the heat:
I updated my investment portfolio this past Friday because I thought I was on a higher note, somewhere in the 430k net worth range, but I wasn't exactly there. I closed this past Friday with $433,853.79 in investments and a net worth of $427,491.33. I started 2024 with a net worth of $379,670.38. I may have a chance to close 2024 with a 450k net worth, and maybe even a bit higher. I wasn't expecting the 430k net worth to come so soon, but it actually happened today. My net worth closed today's session at a very nice $432,208.43. So far, 2024 has been a great year; I have experienced a lot of growth. It's impossible to say if 2025 will be as good, but I would like to hit 500k, and after that, anything extra will be candy money. Not that I am looking forward to retiring on a 500k net worth, but it seems to me that once 500k is reached, the toughest part of the journey will be over.
Lately, I have been looking at my portfolio and thinking that among all the stocks I hold – and I hold many of them – TMX Group Inc. (X) is among the easiest to hold. I have experienced a lot of growth with that stock. TMX is not a stock that I usually chat about on my blog, but it certainly deserves a mention. I am all about simple and easy stocks to hold for the long run. Another stock that is not well enough considered, in my opinion, is CGI Group Inc. (GIB.A). Its overall chart is absolute perfection and, best of all, for what appears to be the first time ever, CGI Group is about to pay a dividend!
My margin debt is currently over 6k, but soon enough, it could be a lot lower. One stock that I have held in my TFSA portfolio for a very long time, Park Lawn Corporation (PLC), wants to exit the TSX and become private. I found that stock using Stockopedia. PLC has been in my TFSA portfolio since July 2016! For strictly monetary reasons, I no longer use Stockopedia, but I adored using that tool to find stocks to invest in. I particularly like finding gems that no one talks about. Sincerely, have you ever read about Park Lawn Corporation (PLC) other than here?!!! Anyway, once PLC becomes private, I will have some cash available, which will go directly to pay down my margin debt.
My goal is to pay off my margin debt by the end of this year. It's going to be quite rough, but I think I can manage. I will be turning 44 on August 27, and my secret wish is to have a $440,000 net worth by then. For more fun, follow me on Twitter/X.