Net Worth Update - March 22 2025

 Today is March 22, 2025. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, novice savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On March 22, 2025, the value of the savings account with EQ Bank is $12812.52 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%.  Since the last net worth update, the Bank of Canada cut the interest rate two times.  

I opened an notice savings account (30 day) in November 2024.  Currently, the value of the account is $748.06.  The interest rate currently is 3.00%.  When a withdrawal is requested, it takes 30 days for the withdrawal to complete.  During the 30 days, the interest continues to accumulate. 

The interest rate on for this 30-day notice account does not get reduced as much as a regular high interest savings account. 

The stock and ETF investment involves one stock and cash  that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

Currently, I do not own any stocks in this account.

I own 55 units of the Bank of Montreal Canadian Dividend ETF (ZDV.TO)  and cash.  The purchase of the ETF was first purchased after the last net worth update.

I have a 2 short March 21 2025 $14.50 TA.TO puts with a expiration date of March 21, 2025.  At the time of this writing, Transalta (TA.TO), closed below $14.50 on expiration day.  The option assignment will show up as 200 shares on Monday March 24. 

On March 22, 2025 , the current value of this "stock / ETF /cash account" is $4466.84 .  I have earned a total of $560.69 in total dividends/distributions in this account. 

Overall, the savings total is $18027.42 .

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total market value is $132408.18 as of March 22, 2025. This is an decrease of 2.22% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $124900.90 as of March 22 2025. This account is with Questrade. This is an increase of 1.633% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on this account.  My covered call expired in the money as the share price was above the strike price at expiration.  This means the option will be automatically assigned and the sale of the shares will occur on March 25. As of March 22 2025, the value of this account is $6561.03 .

RRSP

As of March 22 2025, I own  the following:

21 shares of CP Rail (Ticker Symbol  CP.TO) 

152 units of XAW.TO etf

65 shares of CN Rail (CNR.TO) 

56 shares of Alimentation Couche-Tard  (ATD.B.TO) 

47 shares of XEI.TO etf

1 share of Telus Corporation (T.TO) 

I also own 52 units of CASH.TO. 

The value of this account as of March 22, 2025,  is $25820.14 . This is an decrease of 0.78% from December 25, 2024.

Summary of Assets

Total Savings : $18027.42
Non-Registered accounts : $132408.18

TFSA Investing : $124900.90
Trading Account: $6561.03
RRSP Savings Account: $25820.14

Total Assets =$307717.67 (increase of 0.32% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $11788.17 in my margin account.  The margin is in the Canadian dollar account within my margin account in Questrade.  The USD account in Questrade has a positive cash balance.

Summary of Liabilities

Credit Line = $0.00

Margin = $10635.07

Total Liabilities = $10635.07

Conclusion

On March 22, 2025, my net worth is $297082.60 . This is an increase of $2124.66, or 0.72%, from 3 months ago.

The market continues to go up and down. During the last 3 months, we have seen inflation going down, but the fears of a recession continue to take hold. 

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To read the eighteenth net worth update, click here. 

To read the nineteenth net worth update, click here.

To read the twentieth net worth update, click here. 

To read the twenty first net worth update, click here. 

Disclosure: - Long all aforementioned stocks
  

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Dividend Income Update - February 2025

                         

The month of February 2025 is another month of dividend income landing in my accounts. 

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021, I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Update on paying myself first. At the start of August 2022, I now pay myself 35%.  This will consist of 25% to investing and 10% to savings. 

At the start of January 2024, I allocated 27% to investing and 10% to savings. 

Starting July 2024, I started allocating 30% to investing and 10% savings.

Note: All the dividends and totals below are in Canadian Dollars

I received a total of $535.20 in dividend income for the month of February 2025. This represents a 2.27% increase from 3 months ago and a 38.40% increase year over year.

I received dividend / distribution income from 8 different companies.

I received $0.00 in net option premiums within my investment accounts in February 2025.

Below is a visual of my dividend totals for the last 5 years.

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Most of my dividend income usually comes from my margin account.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing. 

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Next, I will show the percentage of total income for each position.

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In the two month of 2024, I received $1567.39 in dividends. In the first month of 2025, I received $2098.15 in dividends. This is an increase of 33.86% in 2025 over the same period in 2024. 

The graph below shows my total dividend income, as per the blog, since 2012. 

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for February 2025?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Portfolio Update - February 2025

 The month of February 2025 as ended and it was quite the month!

The news about tariffs have been the big news story the past month. This has led to layoffs due to uncertainty.

The S&P500 was down 7.48% over the past month.  

The S&P TSX Composite Index was down 4.46% over the past month.

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

On February 12, I "attempted" to purchase 44 additional shares of Titanium Transportation Group (TTNM.TO)at $1.65 per share.  I clicked sell instead of buy.  So, the order got filled immediately at $1.69 per share.

Following this mistake, I purchased 100 shares of TTNM.TO at $1.65 per share for a total cost of $165.00 including commissions, which are actually $0.00 now with Questrade). 

On February 21, I purchased 20 additional shares of TFI International at $135.75 per share for a total cost of $2715.00.  Currently, TFI International (TFII.TO) pays a dividend of $0.45 USD quarterly, or $1.80 USD per share annually. 

So this purchased adds $36.00 USD to my annual dividend income.  This is equivalent to  $51.74 in Canadian dollars at the time of this writing. 

Shares Purchased Via DRIP

1share of FTS.TO @$64.0052  for a total cost of $64.01 CAD (TFSA)

1 unit of REI.UN @  $18.73288 for a total cost of $18.73 (TFSA)

1 unit of KMP.UN @  16.1998 for a total cost of $16.20 (TFSA)

1 unit of SRU.UN @ $25.35594 for a total cost of $25.36 CAD (TFSA)

3 shares of EMA.TO @ $56.2365 for a total cost of $168.71 (Margin)

2 units of BPF.UN @ $17.32 for a total cost of $34.64 (TFSA)

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I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

On February 13, Meta Platforms (META) increased their dividend from $0.50 USD to $0.525 USD per share quarterly, or from $2.00 USD to $2.10 USD per share annually.   This is an increase of 5.00%.  

I currently own 10 shares of Meta Platforms. This increase adds $1.00 USD  to my annual dividend income. At the time of this writing, this is equivalent of $1.44 CAD in Canadian dollars. 

On February 19, Riocan REIT  (REI.UN) increased their distribution from $0.0925 to $0.0965 CAD per share quarterly, or from $1.11 to $1.158 CAD per unit annually.   This is an increase of 4.32%.  

I currently own 278 units of Riocan REIT.  This increase adds $13.34 CAD to my annual dividend income.  

Dividend Decreases

 On February 7, Titanium Transportation Group (TTNM.TO) announced the company is suspending their dividend due to all the uncertainty in the economy.

I owned 856 shares of Titanium Transportation Group at the time of this announcement.  Titanium Transportation was paying a dividend of $0.02 per share quarterly, or $0.08 per share annually.

This suspension reduces my annual dividend income by $68.48 CAD from my annual dividend.

Summary: 

As of March 12, 2025, the total value of the portfolio is  $249572.22 CAD . This is a 1.241% decrease over last month's total.  

The portfolio is estimated to produce an estimate $13075.76 CAD in dividend income over the next 12 months. This is an increase of of $23.90 CAD , or 0.183%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, and BPF.UN.

Dividend increases or decreases announced already for February 2025, will be included in the next portfolio update. 

 

Please Note: Positions in Restaurant Brands International (QSR.TO),  Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.ir financial situation and tolerance for risk.