With four months to go, I surprised myself (well maybe the market surprised me) with achieving my goal a few months early.  Who knows however, the market might be a little crazy before the end of the year, maybe another crash is coming.  We are about 8-9 years since the last one so perhaps it might be time for the bears to come out of hibernation.

I have about 25% cash in my investment portfolio and all of my short term savings/ cash accounts, out of my whole cash + investment portfolio.  Ideally I would like to have 30-40% cash and be prepared to deploy the troopers (as my fiancee likes to say) when the crash comes.

This month I increased my investment portfolio compared to last month by a measly 0.3%.  Year to Date I am at 5.43%.

My goal for the end of 2016 as one of my personal finance resolutions is to reach $420,000 in net worth.  Now I just have $0 towards my goal of $420,000 by the end of the year.  With four more months to go I met this goal (yay!!!).  My long term goal is to have a net worth of one millllllion dollars by the time I reach 40.  We will see how that goes…with kids hopefully in the forecast, this plan might get derailed, but you never know!

Okay, so here’s the breakdown for September 2016: $422,250 (+$5500)

ASSETS:

September 2016 Net Worth UpdateCASH: $46, 770 (+6.5%)

  • Once I deplete the cash in my non-registered account (yes, there is more cash in there) I will start moving this cash into investing accounts.  It is nice to keep it here for an emergency fund anyway.
  • I added up my chequing and savings accounts (High Interest Savings Account). I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)

Non-Registered: $83,500 (+0.2%)

  • Up by just a bit
  • Slowly depleting the cash in my non-registered.  Still about $20K in here.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $64,510 (+0.3%)

TFSA: $59,660 (+0.4%)

HOME: $272,000

  • I’m a little divided on what to do with my home now that I’m getting hitched soon.  I’m pretty keen on selling it or just renting it out.

CAR: $15,625

  • I updated it for 2016-2017 with the Canadian Black Book price, will update it again in July 2017 with the depreciated price

LIABILITIES:

Credit Cards: -$288

  • This is an odd month because I’m actually OWED money from the credit card companies!  What a nice feeling.  This is because I paid the deposits for group rates for airfare and the tickets are ticketed and my deposit is returned.
  • I signed up for the Chase Marriott Visa and also have an American Express Gold Rewards Card again, with the goal of travel hacking my way to trips.
  • I use Mint.com account but I only added my credit card (this is helping a bunch so that I can keep track of my spending)
  • I’ve redeemed $250 for 2016 so far with my MBNA World Points World mastercard
  • I pay off my full amount every month (and folks, it’s VERY important you do so otherwise you’re losing out on a 19% return!) but include it in my net worth update so I have an accurate picture of my actual net worth. I sort of think “If I were to sell everything right now, what would my net worth be?” I guess I shouldn’t put it in the liabilities column since i pay it off regularly, BUT in mint.com it’s under the liability column so I’ll do the same.

Mortgage: $120,090 (-0.8%)

  • I pay an extra mortgage payment a month
  • My intent is to rent it out in a little while (see above). In order to offset future rental income, I chose to acquire a mortgage instead of paying for the majority of the condo.
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