Today is June 25, 2022. 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 June 25, 2022, the value of the savings account with EQ Bank is $649.76. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.65%.
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 June 25, 2022, the value of the savings account with EQ Bank is $649.76. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.65%.
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.
There has been new purchases in this account since last published update on March 26, 2022.
On April 22 I purchased 4 units of ZWC at $20.08 for a total cost of $80.33 including commissions. The ETF currently has a monthly distribution of $0.10 per unit. The yield on cost for this purchase is 5.98%.
On May 10, I purchased 4 units of ZWC at $18.75 for a total cost of $75.01 including commissions. The monthly distribution remained unchanged. The yield on cost for this purchase is 6.40%.
On June 10, I purchased 3 units of ZWC at $18.75 for a total cost of $56.26 including commissions. The monthly distribution remained unchanged at $0.10 per unit. The yield on cost for this purchased is 6.40%.
I own 89 units of Bank of Montreal's Canadian High Dividend Covered Call ETF (ZWC.TO). I received a total of $150.54 in total distributions as of June 25, 2022.
I own 41 units of Transalta Renewables (ticker symbol RNW.TO). Transalta Renewables pays a monthly dividend of $0.07833 per share. I received a total of $28.89 in total dividends as of June 25, 2022.
On June 25, 2022 , the current value of this "stock / ETF account" is $2190.33. I have earned a total of $268.84 in total dividends/distributions in this account.
On June 25, 2022 , the current value of this "stock / ETF account" is $2190.33. I have earned a total of $268.84 in total dividends/distributions in this account.
Overall, the savings total is $2840.27 .
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 $111947.88 as of June 25, 2022. This is an decrease of 9.05% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $57775.80 as of June 25, 2022. This account is with Questrade. This is an decrease of 9.24% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an active trade on in this account as of the time of this writing. As of June 25, 2022, the value of this account is $3968.08 .
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 June 25, 2022, I own 121 shares of CP Rail (Ticker Symbol CP.TO) , 110 units of XAW, and 49 shares of Alimentation Couche-Tard (ATD.B.TO). I sell covered calls on the CP Rail position. As of June 25, there is an active covered call option trade on CP Rail.
The value of this account as ofJune 25, 2022 is $17,003.35 . This is an decrease of 3.51% from March 26, 2022.
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 $111947.88 as of June 25, 2022. This is an decrease of 9.05% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $57775.80 as of June 25, 2022. This account is with Questrade. This is an decrease of 9.24% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an active trade on in this account as of the time of this writing. As of June 25, 2022, the value of this account is $3968.08 .
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 June 25, 2022, I own 121 shares of CP Rail (Ticker Symbol CP.TO) , 110 units of XAW, and 49 shares of Alimentation Couche-Tard (ATD.B.TO). I sell covered calls on the CP Rail position. As of June 25, there is an active covered call option trade on CP Rail.
The value of this account as ofJune 25, 2022 is $17,003.35 . This is an decrease of 3.51% from March 26, 2022.
Summary of Assets
Total Savings : $2840.27
Non-Registered accounts : $111947.88
TFSA Investing : $57775.80
Trading Account: $3968.08
RRSP Savings Account: $17003.35
Total Assets = $193535.38 (decrease of 8.49% from 3 months ago)
Liabilities
The balance on my line of credit is $830.00.
The owe $673.63 CAD 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 = $830.00
Margin = $673.63
Total Liabilities = $1503.63
Conclusion
On June 25, 2022, my net worth is $192031.75 . This is a decrease of $19300.86, or 9.1330%, from 3 months ago.
The market continues to go up and down. During the last 3 months, we have seen the rise of inflation and the fears of a recession take hold. We have seen one quarter of negative economic growth. If we have another quarter of negative economic growth then we are officially in a recession.
Conclusion
On June 25, 2022, my net worth is $192031.75 . This is a decrease of $19300.86, or 9.1330%, from 3 months ago.
The market continues to go up and down. During the last 3 months, we have seen the rise of inflation and the fears of a recession take hold. We have seen one quarter of negative economic growth. If we have another quarter of negative economic growth then we are officially in a recession.
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To read the seventh net worth update, click here.
To read the eighth net worth update, click here.
To read the ninth net worth update, click here.
To read the tenth 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.
Nice progress, given what's been happening. My portfolio is down as well, by about 10% actually. And I do think a recession is more likely than not.
ReplyDeleteLet's see what happens. In any case keep up the great work. And hopefully the market can find a bottom soon, lol.
Liquid,
DeleteThanks for dropping by. I am happy with the process. I am similar to you that I try to hold off buying stocks just because I have money available. I credit my returns to this.
I see a lot of people can't wait to buy a stock when they have cash available.