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Sunday, October 18, 2020

Goodbye credit line debt!

It's now official, my only debt of the moment is my margin, which is currently at $47,155.42.

My non-registered portfolio closed this past Friday session on a good $103,304.86, my TFSA portfolio at $95,280.54 and my RRSP portfolio - stocks only - at $50,529.82. I currently have $434 in cash in my TFSA portfolio. It was quite a nice autumn weekend in Montreal.

I decided it was time to pay down my credit line, so I did because I was feeling tired of always having to think about paying it down. But in result, I now have little in savings. My next thing now is to build back up my savings, and this time around, I am surprisingly a bit more ambitious, but we'll see how far I can go without falling. I may place a few investments here in there when I can. I would like to have at least a good $10,000, an even better, 15k cash in savings. I didn't have $10k in savings for a really long time. And the best time to do it for me is now. This pandemic is going to last for at least another year and this is just the perfect timing to save, save and save. It's just too strange to have a portfolio worth in the 220k, and just to have 2k in in savings. I hope to fix that problem in the next couple months. If I really work into it, I could save 15k in less than a year, and I would like to do so. For now, I starting with a goal of 3k, in order to avoid any banking fees.

On this last note, two of my stocks had closed this past Friday session on great gains:

Northland Power Inc. (NPI): 2.52%

CAE Inc. (CAE): 2.02%

1 comment:

Anonymous said...

Awesome !!!!


Thank you

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