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Saturday, November 27, 2021

Enjoying a quiet Black Friday in the New Brunswick country

Black Friday is now behind us. I didn't spend any money on Black Friday deals. I have to say, fact that the TSX closed this past Friday session on a much lower note got me to stay in my saving mode. It didn't feel right to spend money on my little self while I was losing thousands of dollars on the stock market. It's part of the game, but it's never fun to see my portfolio value going down. This past Friday, my non-registered portfolio closed the session at $133,999.41, my US portfolio at $4,407.81, my RRSP portfolio - stocks only - at $62 743,47 and my TFSA portfolio at $127,497.50. Quickly like that, I estimate my net worth to be somewhere in the $329,000. Basically, I am currently experiencing a loss of more or less -$10,000. Nothing catastrophic, but like anybody, I like to be on top of my game. It was quite nice to be, for a little while, on a net worth of $340,000.

While spending the past couple of weeks in New Brunswick, I had been able to easily put money aside. I really want to take this opportunity to save as much as I can. I have three bank accounts, with 3 different institutions. What I like to do is to put savings between my three accounts. In one account, I currently have $945, in my second one, $1,500, and in my third one, $4,111. This makes a total of $6,556 in savings. I already paid my rent for December so that amount in savings is fixed. For December, I think I will be able to easily save another $2,000, thanks to the 3 paychecks that I am expecting during that month. 

The reasons to build up some savings are multiple. We should all have emergency funds, and we should all have some savings aside. I am not a good example on that matter, but I am trying. The reason why I am trying so hard to save money at this time is that I want to contribute a bit more to my RRSP. But even more than that, I want to save money to invest inside my TFSA portfolio. For 2022, the TFSA contribution limit is $6,000.


roman said...

How is your experience with National bank brokerage? Is it easy to navigate-better platform or not? I know they got 0 commission.Iam thinking about it too but I trade just options.

Sunny said...

I am very satisfied with the National Bank brokerage. The platform is easy to use. I prefer the esthetic of the TD platform, but National Bank is ok. I am working on a post about them, I will try to publish it today if I can.
You can check out National Bank brokerage on YouTube, they have videos that will give you a look at their platform:


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