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Sunday, February 18, 2024

My net worth is now at $393,617.74

It's official—my margin account debt is now below $12k, precisely at $11,250.32. Soon, it will stand at a very low $8,335.32. I actually sold some units of my crypto ETFs that I had been holding. I knew the time would come when I could eventually sell my crypto ETFs without experiencing any losses, but I didn't know it would happen so soon. For a moment a few years ago, I had been day trading crypto ETFs until one day, I wasn't able to sell my units at a profit anymore. That must have been in 2021 or thereabouts! It's been frustrating, waiting and waiting for the time I would be able to sell a few units at a profit without experiencing any losses. The happy event finally happened this past week.

Day trading, crypto is just not my vibe. However, when I was day trading crypto ETFs, I had a blast. It was a very fun time. I was only trading with a few thousand dollars; I knew I could lose money, and I was okay with that. I am just happy today to be more out than in when it comes to crypto. I am not in favor of cryptocurrencies anyway. It's a world of its own, with no jurisdictions. The use of crypto - in my view - is to finance illegal activities, like hacking. I am not better than anybody else, so when my chances came to make a few dollars day trading crypto ETFs, be sure that I took them.

This feels to me just like when I used to have a very large margin account - my margin debt was at one point as high as $100,000 when interest rates were low. It's a matter of freedom, being able to make all the financial decisions and do whatever I want with my money. Having that kind of freedom is a total luxury, just like having the liberty to buy and sell stocks whenever I want. You need to appreciate that kind of liberty, no matter how big or small your net worth is. Being able to experience it is a chance.

I updated my investment portfolio yesterday because I knew I was going to be within the $393k net worth. It's slowly approaching the $400k net worth milestone. Since January of this year, my growth has been quite steady. I started the year with $379,670.38, and currently, I am at $393,617.74, which is a gain of almost $14,000 in less than 2 months, as we are not exactly done with the month of February yet.

At this point, things are certainly getting more interesting, but as my net worth grows, I am excited at the idea of finally reaching the $400k mark. However, at the same time, I find that upcoming $400k to be a small sum, considering my age. I would be lying if I said that I am satisfied with what I have. I think it's a normal feeling that comes with being an 'investor,' even on a small scale. It's all about hitting the next milestone. If I have been able to reach $400k without too much trouble, I should be able to reach a $500k net worth quite easily, and why not a $600k net worth. At this point in the journey, I see the $600k net worth as the real ultimate target. With $600k, I would consider myself a very rich girl.

Lately, many businesses that I hold have increased their dividends: BCE Inc. (BCE), Metro Inc. (MRU), Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC), Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC), Brookfield Asset Management Inc. Class A Limited Voting Shares (BAM.A), and Thomson Reuters Corporation (TRI). My annual dividend income - including RRSP - now exceeds $13,000. Without my RRSP, I am at around $10,800. My numbers are quite okay.

It's quite strange to see my TFSA portfolio at $140k. My TFSA portfolio exceeds the value of my non-registered one, as I proceeded with a contribution in kind using my BNS and EMA shares. A few days ago, I registered for National Bank Direct Brokerage's Fully-Paid Securities Lending Program. So far, none of my shares have been lent to complete strangers. I haven't made any money from that program. I sincerely prefer it that way.

Those were my latest financial updates!

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