Today is December 24, 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 December 24, 2023, the value of the savings account with EQ Bank is $7367.27 . 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 December 24, 2023, the value of the savings account with EQ Bank is $7367.27 . 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 one stock and cash 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.
In December, I sold the 100 units of BMO High Yield Covered call ETF (ZWC.TO).
I owned 83 units of Transalta Renewables (ticker symbol RNW.TO). Transalta Renewables paid a monthly dividend of $0.07833 per share. On September 26, the shareholders of Transalta Renewables voted to sell their shares to Transalta. Shareholders had voted for one of 2 options. One option was to receive $13.00 for each share of Transalta Renewables that we owned. The second option was to receive a given amount of transalta share for each share of Transalta Renewable owned.
I received 55 shares of Transalta (TA.TO) and some cash as a result of this merger.
On December 24, 2023 , the current value of this "stock / ETF /cash account" is $2774.73 . I have earned a total of $502.96 in total dividends/distributions in this account.
Overall, the savings total is $10142.18 .
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 $120632.70 as of December 24, 2023. This is an decrease of 1.644% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $90596.64 as of December 24, 2023. This account is with Questrade. This is an increase of 9.09% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is no active trades on in this account as of the time of this writing. As of December 24, the value of this account is $5560.48 .
RRSP
As of December 24, 2023, I own 121 shares of CP Rail (Ticker Symbol CP.TO) , 119 units of XAW, and 49 shares of Alimentation Couche-Tard (ATD.B.TO)
On November 22, 2023, I sold 1 19Jan2024 $100 CP.TO call at $1.58 for a total net premium of $147.05 including commissions. At the time of this writing, Canadian Pacific Kansas City closed at $105.41 CAD.
The value of this account as of December 24, 2023 is $22242.78 . This is an increase of 7.82% from September 24, 2023.
Summary of Assets
Total Savings : $10142.18
Non-Registered accounts : $120632.70
TFSA Investing : $90596.64
Trading Account: $5560.48
RRSP Savings Account: $22242.78
Total Assets = $249174.78 (increase of 3.62% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
Total Savings : $10142.18
Non-Registered accounts : $120632.70
TFSA Investing : $90596.64
Trading Account: $5560.48
RRSP Savings Account: $22242.78
Total Assets = $249174.78 (increase of 3.62% 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 December 24, 2023, my net worth is $249174.78 . This is an increase of $8709.02, or 3.62%, 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 December 24, 2023, my net worth is $249174.78 . This is an increase of $8709.02, or 3.62%, 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.
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To read the thirteenth net worth update, click here.
To read the fourteenth net worth update, click here.
To read the fifteenth net worth update, click here.
To read the sixteenth 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.
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