Well... Look Who’s Celebrating Her Highest Net Worth EVER — ONE MORE TIME! And This Time, It’s the Montreal Edition

And here we are again, celebrating my highest net worth EVER! This time, it’s at $578,704.79. And this time around, I am celebrating my highest net worth live from Montreal!

My supper from yesterday, because why not? :-)

Take a look at this!

Spring is in the air!

Do you know what this building is in Montreal? My pictures don’t do it justice, but it’s a very majestic building that used to belong to a wealthy family.

The TSX closed the week at 33,904.11 points. We are not within the 34,000-point mark yet, but really not far from it. This really helped stabilize my net worth, and I even gained a little bit of value along the way. Little by little, I am climbing the mountain that separates me from the so-wanted $600K.

Between April 10 and today, April 24, my investment portfolio gained $1,534.06. At this pace, I have every chance of hitting the $600,000 net worth mark. I am only missing $21,295.21. It’s a sum, of course, but earning $21K within the next eight months is sincerely almost next to nothing at all, and let me explain why.

$21,295.21 / 8 = $2,661.90 per month.

I earn the equivalent of $1,286.49 in dividend income, coming from my non-registered, U.S., and RRSP portfolios.

$1,286.49 x 8 months = $10,291.92.

$21,295.21 - $10,291.92 = $11,003.29.

$11,003.29 / 8 months = $1,375.41 per month, coming from a mix of savings and TSX gains.

It’s doable. I don’t see anything impossible here, but I need a TSX in good shape, and I just need a little bit more gain.

You can forget about the $100K, $200K, $300K, or $400K marks. The real thrill and excitement strictly begin with a $500,000 net worth. With $500K, all gains become XXL, and everything becomes a lot easier. It has sometimes played against me in the past, and I have confessed this on several occasions on this blog: I am quite heavy on energy stocks, especially inside my non-registered portfolio.

I started investing in stocks shortly before the 2008 stock market crash, following my reading of Derek Foster’s books, which you can still find today at stopworking.ca. I invested early on in two Derek Foster stocks: Pembina Pipeline Corporation (PPL) and Enbridge Inc. (ENB). Even to this day, Derek Foster has been the best and most profitable reading of my life.

Those two are major weights inside my non-registered portfolio. So I am really depending on the energy sector. Currently, both PPL and ENB are performing extraordinarily well. Today, it was announced that Ottawa approved Enbridge’s $4 billion expansion of the B.C. pipeline network. This is very good news for Enbridge Inc. (ENB) investors, isn’t it?!!! So let’s go, and we’ll see how it goes.