Stocks Continue to Climb
Technology stocks in the U.S. have recently performed exceptionally well. The Nasdaq index (full of technology stocks) reached a new high, passing 6,000 points. Stock markets reaching new highs is actually quite common. On average, this happens about once a month. But unlike the tech bubble of 2000, this time I believe technology giants such as Amazon, Apple, and Alphabet are here to stay. The industry has matured now and high tech companies have become similar to utilities. Just imagine an entire week without using any of Google’s services or any iPhones or Apple products lol.
Over the years I’ve written about why AMZN, AAPL, and GOOG are some of the best companies to own for long term investors. I hold all 3 of course. Although I am primarily a dividend investor, I will put money into growth oriented stocks as well if there’s a profitable opportunity. Amazon is up 25% so far this year. Apple is up 27%. And Alphabet (Google) is up 20%. Not bad for a span of only 4 months. 😀
Liquid’s Financial Update
- Part-Time = $500
- Freelance = $800
- Dividends = $700
- Interest = $500
- Fun = $300
- Debt Interest = $1100
*Net Worth: (ΔMoM)
- Assets: = $1,112,800 total (+14,900)
- Cash = $4,200 (+2000) ~ Saving up to make a major purchase in May.
- Canadian stocks = $146,800 (+1100)
- U.S. stocks = $95,300 (+5200) ~ Strong gains here partly due to a lower $CAD
- U.K. stocks = $20,700 (+1100)
- RRSP = $78,900 (+2500) ~ I have many U.S. stocks in there.
- Mortgage Funds = $30,600 (-200) ~ Most MICs lost ground in April.
- Peer-to-Peer Lending = $20,500 (+200)
- SolarShare Bonds = $9,800
- Home = $270,000
- Farms = $436,000 (+3000) ~ Increasing farmland value due to inflation.
- Debts: = $494,800 total (-400)
- Mortgage = $183,800 (-500)
- Farm Loans = $189,800 (-500)
- Margin Loans = $64,600 (+1800)
- TD Line of Credit = $14,200 (-600)
- CIBC Line of Credit = $26,000 (-500)
- HELOC = $16,400 (-100)
*Total Net Worth = $618,000 (+$15,300 / +2.5%)
All numbers above are in $CDN.
I am so glad I have investments outside of Canada in April. The British Pound gained a lot of strength boosting my U.K. stocks by about 6% in $CDN terms. The United States dollar and stock market also went up a lot. My U.S. stock portfolio gained $5,200. Sweet! But on the flip side, my U.S. margin loan increased by about $1,800. This is the reality about buying U.S. stocks on margin; it’s great for my investments when the U.S. currency appreciates, but it also means I owe more money when everything is converted back into $CDN, lol. Oh well. I hope everything will work out in the long run. 🙂
Random Useless Fact: