Trading Account Update : December 28 2019

As previously stated on this blog, that I have started a trading account with a balance below $1000.00.   I started to add $50.00 every two weeks but that has stopped due to a recent job loss.  The following table shows my stats from the start of 2016:

                               

                               # of trades :                        49
                               Total Capital added:          $250.00
                               Trading Acct Balance:       $3588.18
                               Average Drawdown:          $111.57
                               Average Loss:                    $287.20
                               Average Accuracy:            83.67%
                               Average Risk:                    $127.31
                               Average Reward:              $109.23
                               Average Risk/Reward :      1: 0.857

        I have been trading penny stocks, stocks, REITS and options.  Any dividends that will be received from this account will stay within the account. The accuracy rate is high. Does this mean that I am a super trader? No it does not.  The risk to reward ratio states of every $1.00 of risk there is reward of  $0.857.  Ideally, a trader should aim for a 1:2  risk to reward ratio which causes the accuracy rate to be lower.  I lost big on a trade as I did not put a stop in at the initiation of the PZA.TO trade.  The stock kept dropping and dropping, so I felt it was best to sell.   

      The drawdown above is inter-trade drawdown.  This type of draw down is the dollar amount the trade moves against you.  Why is it important to keep track of inter-trade drawdown?  It helps you know if you are picking good entry points.  It is normal for trades to have inter-trade drawdown. 

Below is a chart of my 2019 percentile gains

Click to Enlarge

Below is a chart showing my overall percentile gains from January 1, 2016, to December 28, 2019. 

Click To Enlarge

Note:  The trades are listed under the Trading Tab above with all the trades listed as of December 28, 2019

Note:  As of December 28, 2019, there is no active trades. 

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.

Net Worth Update

Today is Christmas Eve 2019.  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 broken into 3 segments. This is a taxable high interest savings account, a TFSA savings accounts and a stock investment.

The taxable high interest savings acount, in which the interest rate is laughable, is with Tangerine.  Tangerine is an online bank, that is owned by Bank of Nova Scotia.  On December 24, the value of this account is $496.79.  The current interest rate is 1.1%.

The TFSA savings account is also with Tangerine.  On December 24, the value of this account is $1046.47.  The current interest rate, like immediately above, is 1.1%. I have no put money in this account in a while.

The stock investment involves a stock that I hold within my margin account.  I keep the dividends received separate from the dividends I post in my dividend income updates.  The stock is Inter Pipeline.  The ticker symbol is IPL and trades on the Toronto Stock Exchange.  I own 42 shares with an adjusted cost base of $901.80.  The cash not including dividends is $10.36.  I received a total of $41.93 in dividends since starting this position.  On December 24, the current value of this "account" is $1007.79.  I have not added any money to this account.

Overall, the savings total is $2551.05.

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 value is $92439.79 as of December 24.

TFSA Investing Account

The TFSA investing account balance is $37860.96 as of December 24.  This account is with Questrade.

Trading Account

The trading account is with Questrade.  This is done within my margin account.  I keep track of the balance, market value and cost basis of the trades. I only have one trade going on at a time. As of December 24, the value of this account is $3588.18.

RRSP

My RRSP is with Tangerine.  I held their funds for a while and eventually sold the funds.  Therefore, the RRSP is basically in a savings account.  On December 24, the balance is $11995.93.  The interest on this account is 1.1%.  I am not sure what I am going to do with account.  Ideally, I would transfer it to a brokerage and to buy stock or ETF positions.  I might also take it out to pay of line of credit.  

The current state of the Alberta economy is why I am hesitant in doing anything with this account.  Alberta's economy is highly dependent on oil and gas production and oilfield services.  When these are doing well there are a lot of spin off jobs involving restaurants, hotels, etc.  Currently, the province of 0Alberta is struggling while countries with oil and gas assets are doing well. 

Summary of Assets

Total Savings :  $2551.05
Non-Registered accounts : $92439.79
TFSA Investing :  $37860.96
Trading Account: $3588.18
RRSP Savings Account:  $11995.93

Total Assets = $148435.91

Liabilities

The balance on my line of credit is $6500.00.  Since I rent and do not have collateral, the interest rate on this account is 7.16%.  I get charge an insurance fee when carrying a balance.  This insurance fee depends on the balance, therefore it changes every month.  

Conclusion

On December 24, 2019, my net worth is $141935.91.  

Disclosure:  Long IPL

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: November 2019

      

    The month of November 2019 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment.  The interest on debt is 7.16% plus the insurance on the debt.  I currently pay myself 10% of income from job(s) and non-registered accounts to my TFSA.  The TFSA income is staying within the account.  I will deviate the 10% to savings account instead of to TFSA if a large expense comes up like a dental appointment. 

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

       

 Non-registered Accounts 

• Bank of Montreal (BMO) - $87.55
• Cineplex (CGX) - $15.00
• Emera Inc. (EMA) - $61.25
• Enerplus (ERF)  -$ 5.58
• Shaw Communications (SJR.B)  - $19.75

Subtotal : $189.13

TFSA

• A&W Royalties Income Fund (AW.UN) - $6.04
• Boston Pizza Royalties Income Fund   (BPF.UN) - $26.91
• Cominar REIT (CUF.UN) - $13.32
• Killam Properties REIT (KMP.UN) - $16.61
• Royal Bank of Canada (RY) - $58.80

Subtotal: $121.68

Total = $310.81

    I received a total of $310.81 in dividend income for the month of November 2019.  This represents a 3.38% increase from 3 months ago and 44.03% increase year over year.  

    My recent average down purchase involving Cineplex Inc. was done after ex-dividend date.  Therefore, there was no dividend paid out in November for this specific purchase.  

    I received dividend / distribution income from 10 different companies.   

     I received $0.00 in option premiums within my investment accounts in November 2019.

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.

How was your dividend income for November 2019?

Disclosure : Long all mentioned securities

Photo Credit: www.mipaq,co.za

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.