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Thursday, November 5, 2020

The TSX is back in the 16 000 points!

Just a few days ago, on October 28, the TSX was hitting below the 16 000 points, and now, just a few days later, luckily enough, the TSX is making its comeback in the 16 000 points...

The TSX closed the day on a great 16,298.17 points. In the circumstances, it something hard to understand. The stock market is sometimes in a contrarian mode. Which mean: when, while thinking in term of pure logic, the current stock market gains doesn't make any sense. That's what mean for me being contrarian. It's really important while investing. That way, you'll remain more calm during chaos. It took me years and years to become insensible.

On that happy note, my non-registered portfolio closed today session at $101,667.79, my TFSA portfolio at $94,058.29 and my RRSP portfolio, stocks only, at $49,902.46. I currently suspect my net worth to be in the $235,000. I won't update my portfolio now, I will wait for the weekend, and hope for more gains for tomorrow. I certainly have all my chances to close the year with a net worth of at least $240,000, and maybe even at $250,000. 2021 may be the year when I finally reach the majestic 300k net worth.

I don't like this idea, but I am thinking about making a small contribution for my RRSP. Because of the pandemic, I did some overtime at work, but that increase my gross income and now, to make sure that I don't have to pay too much back in taxes. I am thinking about making a $1,000 contribution to my RRSP. I didn't place any contribution to my RRSP - despite the one I have at work - since many many years now. I will wait until the end of the year to do so.

My upcoming paycheck will quietly stay in my saving account as I am desperately trying to build up my saving. I don't have any savings anymore because I used the money to pay down my margin. I came with that list of stocks as possible future investment, but I am not turn on my any of those stocks for the present moment. 

1 comment:

Anonymous said...

Was a good week for the TSX ! :):)


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