Today is September 25, 2021. 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, 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 September 25, 2021, the value of the savings account with EQ Bank is $1948.74. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%.
The stock and ETF investment involves a stock and an ETF 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.
I purchased an additional 1 units of BMO High Yield Covered Call ETF (ticker symbol ZWC.TO) at a total cost of $18.08 on July 8. I purchased 10 units of this ETF on July 19 at a total cost of $179.24. On September 20, I purchased 2 units of this ETF at a total cost of $36.11. My brokerage has zero commissions on purchase of ETFs. There is a small ECN fee which is a few pennies. The purchase of these units resulted in $0.05 in ECN fees. This ETF pays monthly. I received a total of $80.34 in total distributions as of September 25, 2021.
On August 31, I purchased 41 units of Transalta Renewables (ticker symbol RNW.TO) at $19.52 per share for a total cost of $805.41. Transalta Renewables pays a monthly dividend of $0.07833 per share. I have not received any dividends from this position as of the time of this writing. The purchase of this position was mainly due to selling my shares of Inter Pipeline (IPL.TO).
On September 25 , the current value of this "stock / ETF account" is $2081.29. I have earned a total of $169.75 in total dividends/distributions in this account.
On September 25 , the current value of this "stock / ETF account" is $2081.29. I have earned a total of $169.75 in total dividends/distributions in this account.
Overall, the savings total is $4030.21.
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 $105836.62 as of September 25, 2021. This is an increase of 0.865% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $57127.64 as of September 25, 2021. This account is with Questrade. This is an increase of 7.68% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an no active trade on in this account as of the time of this writing. As of September 25, 2021, the value of this account is $4347.77.
RRSP
I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.
As of September 25, 2021, I own 121 shares of CP Rail (Ticker Symbol CP.TO) ,76 units of XAW, and 49 shares of Alimentation Couche-Tard (ATD.B.TO). The option is currently in the money and might get assigned. I have been buying the entire position of XAW using covered call premiums and dividends from the same position in which I sold covered calls. CP Rail is down a lot from my purchase price, so there is currently no options on this position right now.
The value of this account as of September 25, 2021 is $15139.93 . This is an decrease of 3.82% from June 27, 2021.
Summary of Assets
Total Savings : $4030.21
Non-Registered accounts : $105836.62
TFSA Investing : $57127.64
Trading Account: $4347.77
RRSP Savings Account: $15139.93
Total Assets = $186482.17 (increase of 2.74% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00. This is a decrease of $193.33 from 3 months ago. I am currently debt free.
Conclusion
On September 25, 2021, my net worth is $186482.17. This is a increase of $5163.56, or 2.85%, from 3 months ago.
The market continues to go up. We are currently in the fourth wave of COVID19. The fears of COVID19 once and awhile causes a major dip. To prevent hospitals from being overwhelmed, more and more jurisdictions are implementing a vaccine passport system. This involves showing proof of vaccination to attend things such as restaurants and major sporting events. If you are not vaccinated, then you not be able to eat in at a restaurant or even attend in person classes at the University level
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 $105836.62 as of September 25, 2021. This is an increase of 0.865% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $57127.64 as of September 25, 2021. This account is with Questrade. This is an increase of 7.68% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an no active trade on in this account as of the time of this writing. As of September 25, 2021, the value of this account is $4347.77.
RRSP
I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.
As of September 25, 2021, I own 121 shares of CP Rail (Ticker Symbol CP.TO) ,76 units of XAW, and 49 shares of Alimentation Couche-Tard (ATD.B.TO). The option is currently in the money and might get assigned. I have been buying the entire position of XAW using covered call premiums and dividends from the same position in which I sold covered calls. CP Rail is down a lot from my purchase price, so there is currently no options on this position right now.
The value of this account as of September 25, 2021 is $15139.93 . This is an decrease of 3.82% from June 27, 2021.
Summary of Assets
Total Savings : $4030.21
Non-Registered accounts : $105836.62
TFSA Investing : $57127.64
Trading Account: $4347.77
RRSP Savings Account: $15139.93
Total Assets = $186482.17 (increase of 2.74% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00. This is a decrease of $193.33 from 3 months ago. I am currently debt free.
Conclusion
On September 25, 2021, my net worth is $186482.17. This is a increase of $5163.56, or 2.85%, from 3 months ago.
The market continues to go up. We are currently in the fourth wave of COVID19. The fears of COVID19 once and awhile causes a major dip. To prevent hospitals from being overwhelmed, more and more jurisdictions are implementing a vaccine passport system. This involves showing proof of vaccination to attend things such as restaurants and major sporting events. If you are not vaccinated, then you not be able to eat in at a restaurant or even attend in person classes at the University level
To read the seventh net worth update, click here.
Disclosure: - Long CP, RNW, ZWC, XAW
EDIT: Fixed the savings account section above.
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.
Disclosure: - Long CP, RNW, ZWC, XAW
EDIT: Fixed the savings account section above.
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.
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