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Monday, April 1, 2024

My net worth is now at $407,032.02!

I updated my investment portfolio earlier this weekend just to find out - right on time for Easter - that my net worth is now at $407,032.02. Since the beginning of the year, my net worth has grown by over +$27,000. I reached the $400k milestone earlier in March, and ever since, it's been a bit difficult to realize that I finally reached the $400k net worth. I guess it's because I feel I had been waiting for this for way too long. Once it finally happened, it was a bit of a shock. It came as a surprise because I wasn't expecting it to arrive so early this year. I don't think hitting $500k will happen this year, but I think I may be able to reach $420k. Those kinds of things are always difficult to predict anyway, at least for me.

I arrived in Montreal from New Brunswick just last week. It's kind of nice to be enjoying the early months of spring here. The weather is much colder in New Brunswick, and we still have a lot of snow. I am enjoying myself a lot more here in Montreal. I haven't gone downtown yet or visited the Old Port. I cannot wait to go. I just want to do a bunch and go shopping :-)

Otherwise, I invested this past week in a few shares of BCE. I also just received some good dividends from Pembina Pipeline Corporation (PPL), which I reinvested (DRIP) to create more shares. With all of that good stuff, I am now earning an equivalent of $920 per month in dividend income from my non-registered and TFSA portfolios. I am getting very close to the $1k mark in income.

I recently made an interesting discovery. From time to time, I like to check on the composition of JFT Strategies Fund Class A Units (JFS.UN). I hold some JFS.UN units in my RRSP portfolio. To my surprise, JFS.UN holds some Data Communications Management Corp stocks!

I have a disastrous history when it comes to Data Communications Management (DCM). Even though it's part of the JFT Strategies Fund Class A Units (JFS.UN), I do not recommend holding onto any of those DCM stocks. I don't understand why that stock is in JFS.UN in the first place. It doesn't make any sense to me. It's the same situation with Colabor Group Inc. I used to hold some Colabor stocks a long time ago, and it didn't turn out to be a good investment. I am very surprised that a fund as stable as JFT Strategies Fund Class A Units (JFS.UN) holds onto such poor investments. I feel like Mattr Corp. (MATR) is also a poor investment. I don't know much about those stocks, but I don't understand why they're in JFT Strategies Fund Class A Units (JFS.UN).

I don't know about you, but I've already booked my vacation for this summer. I'll be spending 10 days at the beach. I've already paid for the accommodation; it's something like $2,000 after taxes! It's outrageously expensive. Between now and the summer, I will try to control my expenses, but at the same time, there are many things I am looking forward to doing. We'll see how it goes.

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5 comments:

John Guy said...

My portfolio value


April 15, 2024 $388,557.03
March 15, 2024 $380,559.99
February 16,2024 $368,150.79


November 25,2022 $324,788.4
January 3,2023 $321,418.16
January 16,2023 $335,292.67
February 10,2023 $333,791.38
March 17, 2023 $322,041.48
April 14, 2023 $336,831.48
July 19, 2023 $341,083.27
August 14, 2023 $351,879.82
October 12,2023 $339,861.67
November 17,2023 $348,198.37
December 15,2023 $356,605.94
February 16,2024 $368,150.79
March 15, 2024 $380,559.99

pattirose said...

Haven't watched this yet or looked for the original video but just saw his photo.

https://www.youtube.com/watch?v=5o4hIDJA2rc

Anonymous said...

Congratulations on passing the $400K mark. Good April Fools news!

pattirose said...

Hi, watch this one, the other one I posted doesn't really say anything.

https://financialpost.com/news/economy/canadian-dollar-could-sink-to-50-cents-a-decade-from-now

Sunny said...

Thanks for sharing Pattirose :-)

 

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