Tag Archives: MIC

Liquid Net Worth Update – Q2 2021 | $766,000

In today’s post I’ll share my finances and investment performance over the last 3 months. 🙂 My liquid net worth does not include my home or rental properties. My liquid net worth progress – April to June It has been an amazing quarter for most asset classes. The TSX hit 20,000 points for the first time ever. Here’s… Read More »

Sherritt International’s Debt Extension and Firm Capital Purchase

Sherritt Restructures its Debt Earlier this year Sherritt International, a Canadian mining company, announced plans to extend its debt maturity by 3 years in order to weather the current commodity downturn. Out of the $720,000,000 debt that will get the extension, $5,000 of it is owned by me. 😀 A couple of years ago I purchased some Sherritt… Read More »

Mortgage Investment Performance

Mortgage Investment Corporations Returns in 2015 The Toronto Stock Exchange lost about 9% last year. But one group of investments that performed well in 2015 were mortgage investment corporations (MIC.) In the beginning of 2015 I held three different MICs. Since I didn’t add any new positions throughout the year it’s easy to calculate my total annual returns from them. Let’s take a… Read More »