Today is December 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 December 25, 2021, the value of the savings account with EQ Bank is $1177.32. 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 3 units of BMO High Yield Covered Call ETF (ticker symbol ZWC.TO) at a total cost of $55.30 on November 30. I purchased 1 unit of this ETF on December 22 at a total cost of $18.48. 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 $0.01 in ECN fees. This ETF pays monthly. I received a total of $102.54 in total distributions as of December 25, 2021.
On August 31, 2021, I purchased 41 units of Transalta Renewables (ticker symbol RNW.TO) at $19.52 per share for a total cost of $805.41. There we no more purchases. Transalta Renewables pays a monthly dividend of $0.07833 per share. I received a total of $9.63 in total dividends as of December 25, 2021.
On December 25, 2021 , the current value of this "stock / ETF account" is $2170.84 I have earned a total of $201.58 in total dividends/distributions in this account.
On December 25, 2021 , the current value of this "stock / ETF account" is $2170.84 I have earned a total of $201.58 in total dividends/distributions in this account.
Overall, the savings total is $3348.34.
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 $111236.65 as of December 25, 2021. This is an increase of 5.10% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $61521.41 as of December 25, 2021. This account is with Questrade. This is an increase of 7.69% 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 December 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 December 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). I sell covered calls on the CP Rail position. As of December 25, 2021, there is no active option trade on CP Rail. My most recent covered call expired on December 17, 2021.
The value of this account as of December 25, 2021 is $16666.80 . This is an increase of 10.09% from September 25, 2021.
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 $111236.65 as of December 25, 2021. This is an increase of 5.10% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $61521.41 as of December 25, 2021. This account is with Questrade. This is an increase of 7.69% 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 December 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 December 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). I sell covered calls on the CP Rail position. As of December 25, 2021, there is no active option trade on CP Rail. My most recent covered call expired on December 17, 2021.
The value of this account as of December 25, 2021 is $16666.80 . This is an increase of 10.09% from September 25, 2021.
Summary of Assets
Total Savings : $3348.34
Non-Registered accounts : $111236.65
TFSA Investing : $61521.41
Trading Account: $4347.77
RRSP Savings Account: $16666.80
Total Assets = $197120.97 (increase of 5.71% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
I have a margin loan of $1081.81 CAD. The interest rate on the margin loan is 5.95%.
Summary of Liabilities
Credit Line = $0.00
Margin Loan = $1081.81
Total Liabilities = $1081.81
Conclusion
On December 25, 2021, my net worth is $196039.16 . This is a increase of $9556.99, or 5.12%, from 3 months ago.
The market continues to go up. We are currently in the fifth wave of COVID19. The fears of COVID19 once and awhile causes a major dip. To prevent hospitals from being overwhelmed, more and more restrictions are being implemented to help lower the case count. With a high percentage of people vaccinated, the hospitalizations are down, although active cases are at record highs.
Conclusion
On December 25, 2021, my net worth is $196039.16 . This is a increase of $9556.99, or 5.12%, from 3 months ago.
The market continues to go up. We are currently in the fifth wave of COVID19. The fears of COVID19 once and awhile causes a major dip. To prevent hospitals from being overwhelmed, more and more restrictions are being implemented to help lower the case count. With a high percentage of people vaccinated, the hospitalizations are down, although active cases are at record highs.
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To read the seventh net worth update, click here.
To read the eighth 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.
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.
Well done for moving your account to Questrade and putting it to work ��
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