Net Worth Update - June 25 2023

 Today is June 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 June 25, 2023, the value of the savings account with EQ Bank is $4089.82.  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.

On June 6, I purchased 42 additional shares of Transalta Renewables at $11.70 for a total cost of $496.50 including commissions.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $261.64 in total distributions as of June 25, 2023.

I own 83 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $64.20 in total dividends as of June 25, 2023.

On June 25, 2023 , the current value of this "stock / ETF account" is $2895.34.  I have earned a total of $415.25 in total dividends/distributions in this account. 

Overall, the savings total is $6985.34 . 

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 $116005.87 as of June 25, 2023. This is an increase of 2.27% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $75547.39 as of June 25, 2023. This account is with Questrade. This is an increase of 6.79% 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, the value of this account is $5123.59.

RRSP

As of June 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 73 shares of Canadian National Railway (CNR.TO).  The 73 shares of Canadian National were purchased during the last 3 months.

The value of this account as of June 25, 2023 is $20697.34. This is an increase of 1.236% from March 25, 2023.

Summary of Assets

Total Savings : $6985.34
Non-Registered accounts : $116005.87
TFSA Investing : $75547.39
Trading Account: $5123.59
RRSP Savings Account: $20697.34

Total Assets = $224359.53   (increase of 4.32% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $0.00 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 = $0.00

Total Liabilities = $0.00

Conclusion

On June 25, 2023, my net worth is $224359.33 . This is an increase of $9494.20, or 4.42%, 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. 

Click To Enlarge

To read the eleventh net worth update, click here. 

To read the twelfth net worth update, click here.  

To read the thirteenth net worth update, click here. 

To read the fourteenth 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.