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Tuesday, December 15, 2020

Welcoming my highest net worth value EVER: $258,948.73 **on date of December 4, 2020**

Back on December 4, I reached what is now my highest net worth value ever: $258,948.73. Currently, my net worth is probably still around that number. This past Friday, my non-registered portfolio closed at $118,189.98, my TFSA portfolio at $98,760.50 and my RRSP portfolio - stocks only - at $50,887.35. Yesterday, with a TSX down to 17,387.40 points, my numbers were obviously lower. My non-registered closed yesterday session at $114,427.70, my TFSA portfolio at $101,902.50 and my RRSP portfolio, stocks only, at $52,113.34.

Today, with a TSX at a really good 17,506.48 points, my non-registered portfolio closed today session at $115,103.79, my TFSA portfolio at $102,331.70 and my RRSP portfolio, stocks only, at $52,541.99. I didn’t update my portfolio, but I suspect my net worth is currently in the $261,000. Only $39,000 left to go before hitting on the magic $300,000.

For the first time ever, my TFSA portfolio is exceeding the 100k value, and that’s because I finally proceed with a new contribution in kind for my TFSA. I took the Telus Corp (T) stocks that I was holding inside my non-registered portfolio and got them transferred over my TFSA portfolio. Another stock that I could transfer over my TFSA by the end of 2020 is the BCE Inc. (BCE) shares that I hold inside my non-registered portfolio. And that would respect the 6k contribution room for 2020 when it comes to the TFSA.

I also proceed to a 1k contribution for my RRSP portfolio. I am not an RRSP fan, but I decided to place this extra small contribution, hoping that it will help to decrease any extra taxes that I may have to pay for 2020. I didn’t really trade in 2020, but I did some extra hours at work and it will help compensate. Since I worked from home, I can also declare some extra expenses and a part of my rent so that should help.

I currently have a bit more than 1k in cash inside my RRSP portfolio and that means that I have to think about a new little investment. I now have access to Stockopedia - since I paid for a year's subscription during their Black Friday promotion. I already went through some interesting stocks that we’ll chitchat about pretty soon, but for my RRSP portfolio, I don’t want to play. It may surprise you maybe as much as it did for me, but I was thinking about investing in JFT Strategies Fund Class A Units (JFS.UN) for this new little investment. And I may do so.

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