Cold cash: $825.02
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1,329.98
On date of October 17, 2024
Because life is all about money and a bunch of other things
Cold cash: $825.02
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1,329.98
On date of October 17, 2024
You can read Part 1 of this post right here.
The TSX closed yesterday's session down -0.13% at 24,439.08. To my surprise, my stock portfolio gained over $2,000! I wasn’t expecting that. Today, the TSX closed in green territory at 24,561.20 points, up +122.12 (+0.50%). While keeping an eye on this, I had no choice but to update my investment portfolio, and when I did, I found out my net worth is now proudly standing at $460,391.55.
I personally update my portfolio whenever it registers gains. You just never know what tomorrow will bring, which is why I like to keep track of what’s going on. If a market correction happens and I lose a few thousand, I’ll know that I can recover to the $460,000 net worth because I’ve been there before. Once you’ve reached a certain amount, it's possible to get back there even after a downturn. Over the years, I’ve experienced multiple stock market corrections. It's never easy, but with time, you get used to it. It's during these tough times that it's actually the best time to invest your money.
My non-registered portfolio closed the session at $157,067.82, my TFSA portfolio at $152,710.73, my US portfolio at $6,297.03 USD, and my RRSP stocks-only portfolio at $73,839.60. I still have over $5k sitting in cash in my RRSP portfolio, waiting to be reinvested. I’m holding off for the next stock market correction before making my move. That money came from the exit of Park Lawn Corporation (PLC) from the TSX. The company no longer trades on the TSX as it became private. I benefited from that exit, but now I’m left with a lovely problem: I haven’t figured out yet what to invest in next. I definitely want to invest for the long term.
The stock market is a strange place. It’s not for everyone. Over time, I’ve realized that the best investors are often those who don’t overthink things. Personally, I started investing in stocks because I knew it was my only chance to "make it," if I may say so. I don’t earn a high salary—I’m not even at $30 per hour—so that gives you an idea of the income I deal with. The proportion of my earnings that I can actually invest is quite low. Because of this, I knew from the start that my only way to financial growth was through the TSX. It’s worked out pretty well so far. Along the way, some investments performed better than others. The stocks that have been more difficult and haven’t worked in my favor are what I call the "troublemakers" on my blog.
Previously, we discussed Toronto-Dominion Bank (TD), which is facing a multibillion-dollar fine in the US for money laundering. I would really like to know what exactly happened. We haven’t received many details on the case, but I’m curious. I hold TD stock in all my portfolios: non-registered, TFSA, and RRSP. It’s tough to predict the long-term effects of this debacle for TD investors. I’ve read that this will likely not impact TD’s ability to pay its quarterly dividend of 5.20%. Yesterday, TD seemed stable on the TSX, but it closed the day at $77.68, down -1.02%. If you’re a contrarian investor, you might see this as a buying opportunity. However, I’m not sure if TD’s stock has hit rock bottom yet. Can it go lower than $77.68 per share? It might.
Today at Market Call, for October 16, I asked Amber Kanwar the following question:
My question actually appeared on today’s episode of Market Call at BNN Bloomberg! Chris Blumas, a portfolio manager at Raymond James Investment Counsel, answered my query. You can watch today’s Market Call show right here. Not only is Amber Kanwar a fantastic host, but her hair is absolutely stunning—like a Disney princess!
It was quite insightful to hear Blumas' views on my question. I’ve thought about partially selling my TD Bank shares, but honestly, it’s a tough decision for me. I tend to get sentimental about my long-term holdings, and TD has been a core part of my investment portfolio for years. As a small investor, the situation with TD's several billion-dollar fine in the U.S. for money laundering is mind-blowing. Whenever there’s a stock market correction or one of my stocks faces challenges, my obsession is trying to figure out if we’ve hit rock bottom. Of course, there’s no way to know for sure, but I’m always keen to find out!
According to Chris Blumas, when it comes to the U.S. banking sector, all banks are involved in some form of money laundering; there are no banks that are entirely clean in this regard. TD Bank’s issues in the U.S. aren't new, and the stock has been on a decline for a while now. This suggests, as Blumas pointed out, that TD stock may have already reached its rock bottom—at least that’s how I interpret it.
I’ll be working on a Part 3 of my series, "How I’m Tackling My ‘Troublemaker’ Investments," as we haven’t yet discussed my TFSA portfolio.
2024
Total in assets: $407,214.02/Net worth: $399,776.79: March 6, 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).
Cold cash: $825.02
Stocks and Units investment portfolio $CAN
Others: $1,159.90
NBI Income Fund: $1,326.64
On date of October 16, 2024