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Saturday, 1 March 2014

March 2014 Net Worth Update +4.03%

Another excellent past month for my investments as the markets are at or near their all time highs. It's pleasing to see your investments climb higher but at the same time it also makes your future purchases more expensive. I still have $4,500 left of TFSA contribution room for the year and am having trouble deciding where I should invest next because of it. Fortunately or unfortunately, I don't have the funds to top up the TFSA anyways so I have some time to think on it.
Earlier this month I made my first actual stock purchase, aside from taking part in my company's Employee Share Purchase Plan. If you are wondering which stock I purchased it was Vancouver based Urthecast Corp.: TSX:UR.

It was only a small amount of $1,000 and will probably be my only foray into purchasing individual stocks as opposed to low-cost index funds or ETF's. I was motivated to make a purchase partly because of Good Financial Cents' "Grow Your Dough Throwdown" where personal finance bloggers invest $1,000 and see how their returns compare to each other by years end. I didn't have the cash on hand to buy in early January as the rules state so I'd already be disqualified for the throwdown, but I'll pretend I'm taking part anyways.

I wouldn't advise anyone to buy or not to buy Urthecast and am only making it public in case someone is interested. I happen to be interested in the field and business of space imaging/ exploration and I would like to see Urthecast succeed, along with other companies in the field such as Skybox Imaging and Planet Labs. I figure in the worst case scenario the company doesn't find a market and more or less goes out of business whereby I'd be out only $1,000 and have learned a valuable lesson about buying individual stocks. On the other hand if the company actually succeeds in some of their aims then there could be a sizeable upside to their stock price. Even though it was a small amount of money I still did quite a lot of research on the company, going through their quarterly reports and investor presentations so at the very least I have not bought into the company on a whim.

Here are my numbers for the month.
March 1, 2014
TD Waterhouse e-series TFSA - $34,918.52 +3.95%
TD e-series RRSP - $5,089.57 +3.75%

Company stocks - $1,067.59 +44.86%
(stocks purchased this month = $298.64)

ISA - $150.61
Chequing - $378.53

Total: $41,639.88
Gain: 4.03% or +$1,612.93

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