Today is March 25, 2023. 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 March 25, 2023, the value of the savings account with EQ Bank is $2596.04. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%.
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 March 25, 2023, the value of the savings account with EQ Bank is $2596.04. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%.
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 were no new purchases in this account since last published update on December 24, 2022.
I own 100 units of Bank of Montreal's Canadian High Dividend Covered Call ETF (ZWC.TO). I received a total of $239.64 in total distributions as of March 24, 2023.
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 $57.78 in total dividends as of March 25, 2023.
On March 25, 2023 , the current value of this "stock / ETF account" is $2822.02. I have earned a total of $386.83 in total dividends/distributions in this account.
On March 25, 2023 , the current value of this "stock / ETF account" is $2822.02. I have earned a total of $386.83 in total dividends/distributions in this account.
Overall, the savings total is $5418.24 .
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 $113438.34 as of March 25, 2023. This is an decrease of 2.49% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $70742.89 as of March 25, 2023. This account is with Questrade. This is an increase of 9.72% 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 March 25, the value of this account is $5014.25.
RRSP
As of March 25, 2023, I own 21 shares of CP Rail (Ticker Symbol CP.TO) , 119 units of XAW, 49 shares of Alimentation Couche-Tard (ATD.B.TO), and 200 shares of Emera Inc (EMA.TO). The 200 shares of Emera were purchased during the last 3 months.
I sold covered calls on the Emera Inc Position.
The value of this account as of March 25, 2023 is $20444.62. This is an increase of 3.80% from December 24, 2022.
Summary of Assets
Total Savings : $5418.24
Non-Registered accounts : $113438.34
TFSA Investing : $70742.89
Trading Account: $5014.25
RRSP Savings Account: $20444.62
Total Assets = $215058.34 (increase of 2.39% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
Total Savings : $5418.24
Non-Registered accounts : $113438.34
TFSA Investing : $70742.89
Trading Account: $5014.25
RRSP Savings Account: $20444.62
Total Assets = $215058.34 (increase of 2.39% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
The owe $193.21 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 = $0.00
Margin = $193.21
Total Liabilities = $193.21
Conclusion
On March 25, 2023, my net worth is $214865.13 . This is an increase of $6010.87, or 2.88%, 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 continue to take hold.
Conclusion
On March 25, 2023, my net worth is $214865.13 . This is an increase of $6010.87, or 2.88%, 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 continue to take hold.
.png) |
| Click To Enlarge |
To read the tenth net worth update, click here.
To read the eleventh net worth update, click here.
To read the twelfth net worth update, click here.
To read the thirteen 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.
No comments:
Post a Comment