Today is March 22, 2025. 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, novice 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 22, 2025, the value of the savings account with EQ Bank is $12812.52 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%. Since the last net worth update, the Bank of Canada cut the interest rate two times.
Assets
Savings
The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, novice 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 22, 2025, the value of the savings account with EQ Bank is $12812.52 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%. Since the last net worth update, the Bank of Canada cut the interest rate two times.
I opened an notice savings account (30 day) in November 2024. Currently, the value of the account is $748.06. The interest rate currently is 3.00%. When a withdrawal is requested, it takes 30 days for the withdrawal to complete. During the 30 days, the interest continues to accumulate.
The interest rate on for this 30-day notice account does not get reduced as much as a regular high interest savings account.
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, I do not own any stocks in this account.
I own 55 units of the Bank of Montreal Canadian Dividend ETF (ZDV.TO) and cash. The purchase of the ETF was first purchased after the last net worth update.
I have a 2 short March 21 2025 $14.50 TA.TO puts with a expiration date of March 21, 2025. At the time of this writing, Transalta (TA.TO), closed below $14.50 on expiration day. The option assignment will show up as 200 shares on Monday March 24.
On March 22, 2025 , the current value of this "stock / ETF /cash account" is $4466.84 . I have earned a total of $560.69 in total dividends/distributions in this account.
Overall, the savings total is $18027.42 .
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 market value is $132408.18 as of March 22, 2025. This is an decrease of 2.22% since the last published net worth post.
TFSA Investing Account
The TFSA investing account balance is $124900.90 as of March 22 2025. This account is with Questrade. This is an increase of 1.633% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an active trade on this account. My covered call expired in the money as the share price was above the strike price at expiration. This means the option will be automatically assigned and the sale of the shares will occur on March 25. As of March 22 2025, the value of this account is $6561.03 .
The TFSA investing account balance is $124900.90 as of March 22 2025. This account is with Questrade. This is an increase of 1.633% since the last published net worth post.
Trading Account
The trading account is with Questrade. There is an active trade on this account. My covered call expired in the money as the share price was above the strike price at expiration. This means the option will be automatically assigned and the sale of the shares will occur on March 25. As of March 22 2025, the value of this account is $6561.03 .
RRSP
As of March 22 2025, I own the following:
21 shares of CP Rail (Ticker Symbol CP.TO)
152 units of XAW.TO etf
65 shares of CN Rail (CNR.TO)
56 shares of Alimentation Couche-Tard (ATD.B.TO)
47 shares of XEI.TO etf
1 share of Telus Corporation (T.TO)
I also own 52 units of CASH.TO.
The value of this account as of March 22, 2025, is $25820.14 . This is an decrease of 0.78% from December 25, 2024.
Summary of Assets
Total Savings : $18027.42
Non-Registered accounts : $132408.18
Total Savings : $18027.42
Non-Registered accounts : $132408.18
TFSA Investing : $124900.90
Trading Account: $6561.03
RRSP Savings Account: $25820.14
Trading Account: $6561.03
RRSP Savings Account: $25820.14
Total Assets =$307717.67 (increase of 0.32% from 3 months ago)
Liabilities
The balance on my line of credit is $0.00.
I owe $11788.17 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 = $10635.07
Total Liabilities = $10635.07
Conclusion
On March 22, 2025, my net worth is $297082.60 . This is an increase of $2124.66, or 0.72%, from 3 months ago.
The market continues to go up and down. During the last 3 months, we have seen inflation going down, but the fears of a recession continue to take hold.
Conclusion
On March 22, 2025, my net worth is $297082.60 . This is an increase of $2124.66, or 0.72%, from 3 months ago.
The market continues to go up and down. During the last 3 months, we have seen inflation going down, but the fears of a recession continue to take hold.
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To read the eighteenth net worth update, click here.
To read the nineteenth net worth update, click here.
To read the twentieth net worth update, click here.
To read the twenty first 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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