Today is March 24, 2024. 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 $8964.08 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%. The interest rate is the same as 3 months ago.
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 $8964.08 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%. The interest rate is the same as 3 months ago.
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.
Currently, do not own any ETFs in this account since the last update.
I own 55 shares of TransAlta (TA.TO) and cash.
On March 24, 2024 , the current value of this "stock / ETF /cash account" is $2694.33 . I have earned a total of $505.99 in total dividends/distributions in this account.
Overall, the savings total is $11658.59 .
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 $128040.55 as of March 24, 2024. This is an increase of 6.14% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $100289.06 as of March 24, 2024. This account is with Questrade. This is an increase of 10.70% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an active trade on this account. I also have sold a covered call on this position, which is still active. As of March 24, the value of this account is $5555.68 .
RRSP
As of March 24, 2024, I own 21 shares of CP Rail (Ticker Symbol CP.TO) , 144 units of XAW, 200 shares of Emera Inc (EMA.TO) 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. This option was assigned.
On January 17, I purchased 25 units of XAW.TO at $35.92 for a total cost of $898.09 including commissions. Questrade does not charge commissions when buying ETFs, but ECNs fees are charged
On January 24, I purchased 200 shares of EMA.TO at $48.60 for a total cost of $9724.95 including commissions.
On March 4, I sold 2 15May2024 $50.00 calls at $0.40 for a net premium of $68.05 after commissions.
The value of this account as of March 24, 2024 is $24019.77 . This is an increase of 7.99% from December 24, 2023.
Summary of Assets
Total Savings : $11658.59
Non-Registered accounts : $128040.55
Total Savings : $11658.59
Non-Registered accounts : $128040.55
TFSA Investing : $100289.06
Trading Account: $5555.68
RRSP Savings Account: $24019.77
Total Assets = $269563.65 (increase of 8.18% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
Trading Account: $5555.68
RRSP Savings Account: $24019.77
Total Assets = $269563.65 (increase of 8.18% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
I owe $6135.30 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 = $6135.30
Total Liabilities = $6135.30
Conclusion
On March 24, 2024, my net worth is $263428.35 . This is an increase of $14253.57, or 5.72%, 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 24, 2024, my net worth is $263428.35 . This is an increase of $14253.57, or 5.72%, 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 fourteenth net worth update, click here.
To read the fifteenth net worth update, click here.
To read the sixteenth net worth update, click here.
To read the seventeenth 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