I hope you all had a nice Thanksgiving. I had arrived this past Saturday in New Brunswick. I had been spending my first few days here in the woods (like usual).
This year again, I will probably be spending the whole winter in the Maritimes. I like the idea of not having to travel at all during the winter. I wanted to update my investment portfolio, not because I am going very well these days, but I wanted to get an overview of where my numbers are right now. My net worth is currently at $309,920.82. I remain in the $300k digits, at least for now.
My margin account debt is now at $46,226.32. With National Bank Direct Brokerage, the interest rate on a margin account is now on a big 6.75%, no matter the amount. Before interest rates began to rise under the influence of the Bank of Canada, the interest rate on a margin debt of a amount of $100,000 or more was less than for an amount of $10,000–$99,999. However, its no longer the case. Currently, the interest rate for a Canadian margin debt at National Bank Direct Brokerage is at a mega big 6.75%. I declare the interest I gain on my margin as financially fees every fiscal year, so it doesn't bother me much.
In her latest review, Susan Brunner review my North West Company (NWC). In my opinion its a positive review. I always like NWC. The TSX close today session on 18,216.68 points. Its a hard place to be, but since I am still in the $300,000 net worth, things are not too heavy on my shoulders. I am on vacation, I am not willing to take on any shit.
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2 comments:
Beautiful pics of New Brunswick. We are slowly recovering from hurricane Fiona here in NS.
Are you planning on buying any stocks soon or are you going to wait a bit. Prices are very appealing. It’s so hard to know when to step in and buy. I’m wanting to add some Telus but thinking it may go a couple of dollars lower. I hope I don’t regret waiting!
I hope it will soon get better in NS. Where I am located in New Brunswick, hurricanes never really hit us. I invest from time to time and I plan to do so. No one can time the market, so it's better to invest a little sum here and there whenever you can, when you feel comfortable doing so. No need to invest everything at once.
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