Welcoming—once again—my HIGHEST net worth EVER. This time around, it’s $565,828.54

While watching the TSX close today’s session at an impressive 34,501.96 points, I knew I was in for some great gains. So, once again, I updated my investment portfolio page. It’s the third time I’ve done so this week. I ended today’s session at my highest net worth yet: $565,828.54.

In case you haven’t noticed, I recently added a new investment to my TFSA and RRSP portfolios: TD Cash Management ETF (TCSH). This investment was suggested to me by a reader as a way to put my savings to work instead of leaving several thousand dollars sitting in my bank account. With interest rates being so low, there’s not much benefit to holding cash—although building up savings remains important. Since I had cash available in both my TFSA and RRSP portfolios, I decided to invest it in TD Cash Management ETF (TCSH).

Right now, stocks are expensive. Many are at all-time highs, which makes sense given that the TSX has moved past 33,000 points—and we’re even above 34,000! It’s quite something to watch. I’m enjoying the gains, and I publish a portfolio update whenever the market moves in my favor—which has been quite often lately.

That said, at some point, we’ll likely face a stock market correction of some kind. When that happens, it will be a better time to buy stocks. For now, especially if you’re already well established, it may not be the best time to add more. Whatever your investment cravings are at the moment, they can probably wait.

In the meantime, TD Cash Management ETF (TCSH) is a great place to park your money. TCSH pays a monthly distribution of $0.10, which works out to close to a 3% annual yield. So while you’re waiting for better buying opportunities, you can still put your money to work and collect a nice bonus. TCSH is also considered a very low-risk investment.

I invite you to look into TD Cash Management ETF (TCSH) and do your own research. I find it to be a very interesting option. My best advice is still to wait for a stock market correction before investing in individual stocks. The TSX is very appealing right now, but investing in stocks when they’re trading at all-time highs isn’t always the smartest move, and I know a thing or two about that. I’m at $565,000 today because, back in 2008, I took advantage of the stock market crash to invest. There’s no magic trick. Patience is key.