Hey guys, good day. I hope you're all doing fine. Last week, I wrote up some recommendations on how to stay save during the Covid-19 pandemic. Three days later, the government came up with the same recommendations. The last and the most important recommendation is to keep distance from each other. You obviously can’t do that in the family, but keep distance from everybody else. You should be at least 2 meters away from another person at all times. Very important!!! Now let's see why emergency fund is crucial in difficult times like this.
How to Stay Safe during Covid-19 Pandemic
I usually don’t write about health related topics, but since we’re officially in a global pandemic mode, I thought I would write about some of the tips on how to stay safe during this time. Please note, that I’m not a licensed health care provider, therefore my recommendations should not be taken seriously. It’s just my logical thinking.
Portfolio Value Update - February 2020
Hey guys! Welcome back to the blog. We’re already in March, which means it’s time to report my monthly progress. Let’s see how my investment portfolio did in February and how much income it generated.
Portfolio Value
In February, my portfolio value decreased by $4,092 and closed at $87,421. So far, the fear of global pandemic shaved off 4.49% of my portfolio value. My stance towards investing remains the same. I will continue to invest in high quality businesses like banks, utilities and residential real estate.
Portfolio Value Update - January 2020
Oh boy! January 2020 is already behind us. How did you like the start of the New Year? I think we started the year on a sour note. The conflict between US and Iran; the plane and the helicopter crash; the coronavirus outbreak. I feel bad for people who lost lives to this virus. It’s terrible. The death rate among infected is very high. I’m confident doctors and scientists will come up with antibodies very soon. This needs to stop so people could go back to their normal lives.
Portfolio Value
In January, my portfolio value increased by $8,414 and closed at $91,513. The majority of the increase came from new TFSA contribution of $6,000. The rest of the increase came from stocks appreciation. In the past, I would contribute to my TFSA every month to buy stocks. This year I decided to max out my TFSA contribution limit right away.
Maxed out my TFSA, No Nore Monthly Contributions, and New Stock Purchases
Maxed out my TFSA
Hey guys! I would like to provide a few updates regarding my TFSA account and new stock purchases. If you follow my blog for a long time, you know that I make monthly contributions and stock purchases in my TFSA account. This time, I decided to make some changes and maxed out my TFSA right away. One of the main advantages is that I will boost my income and will collect higher payouts throughout the year.
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