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Thursday, July 21, 2022

To all the hoarders out there!

It was another good day for the TSX, which closed the day within 19,000 points. We are now only missing 937.15 points to hit the old 20,000 points. I notice that my non-registered hit on the 142k, closing at $142,073.00, my US portfolio at $4,778.56, my RRSP portfolio - stocks only - at $64,016.65, and my TFSA portfolio at $119,856.65. I estimate my net worth to maybe be around $331,000. I am now only missing $30,000 in order to hit back my old highest net worth value, which was $361,000. I don't see this as a super huge gap. $30,000 is a lot of money, but it's not awful. My margin debt is now below $46,000 which is great.

Despite inflation and other things I have no control over, I have to admit that I am in a great place right now. Since I came back to Montreal, I went through a massive process of going through my clothes, old books, old fake pieces of jewelry, papers... I am sort of a hoarder in a certain way, but I know it. I could say that I am actually a good hoarder. Once I am in the mood and see the necessity of it, I declutter without any problems. I am a good hoarder because I can get rid of things easily. And real hoarders or actually not able to view themselves as they are - but I personally have no problem with that It happen I was in that sort of mood a few months ago, which help a lot. Now, the only thing I am still working on is my papers. And you may ask yourself, what I mean by papers. Well, it goes to old tax papers, to stuff you had from your school years, old financial statements - all sort of papers that I just put away, and keep over the years. I am well advanced but I want to keep a copy - an electronic one - of what is important to me. And I am currently dealing with the most precious part if I may say. I don't have too much left to go through, but because I don't have that much left, I just don't move forward in that task.

So that's my main project for the days to come.

I also put on sale some items I don't use or need anymore. I did a good job with that selling an old laptop and old smartphone. I had sold a purse just a few days ago. I think it was yesterday, don't ask me. I didn't sleep well last night because of the extremely hot weather, but today is much better in Montreal. I don't really like social media, but I have to say that I had sold all of my stuff on Facebook's Marketplace. I got many replies for my old electronic items over there and they sold very quickly. I was really impressed. If you have anything for sale, I strongly suggest Marketplace, it's quite a powerful tool, much more than Kijiji alone, but I do both.

The end of July is coming, and with it, a brand new $2,000 I will have at my disposal to do whatever I want to do with it. I want to invest it partly, and I was thinking about probably investing a bit in Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A) inside my non-registered portfolio. I want to invest also a bit in FTS, POW, and BCE - those are stocks that I already own in my non-registered portfolio. I would like a few shares just to add up to my number of stocks. I still have plenty of room inside my TFSA portfolio, but I prefer to add stocks to my non-registered one in order to boost the value of my margin, to keep it strong.

I am a hoarder, but I am not dumb.

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