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Haha, I think I spoke too soon about the net worth inertia! It went back to growing by 0.09%. I guess that's better than being $300 in the hole.
I had been checking my questrade accounts throughout the month and was getting ahead of myself, because I was like up $2000 at least compared to the last net worth update. Then the markets settled again unfortunately and I didn't really gain much or lose much compared to last month in my portfolio.
I haven't done any of my holiday shopping yet so this is probably why it looks somewhat decent still. I plan to tackle it after this weekend.
Okay, so here’s the breakdown for December 2013:
CASH: $58150 (-5.6%)
- Down a bit this month because of the movement of money to the RRSP's again
- 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)
- I have $4800 saved up for my big trip that I hope to do next year.
Non-Registered: $102325 (+0.26%)
- I think I have been paid out some dividends (weee!) but haven't had time to actually see which ones they are
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $39,965 (+1.9%)
- I am pumping up my RRSP contribution to the TD eseries to $1000 per month until the end of the year
- This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and a Questrade RRSP account.
I am seriously thinking about maxing out my TFSA instead, if I am not able to max out on both (read my TFSA vs RRSP great debate over here) from now on, as I will expect to have defined benefit pension when I retire.
- I'm not including my defined benefit pension which is >$32,000
- I paid off my RRSP loan to myself this month…. because I used the Home Buyers Plan for my down payment.
TFSA: $37515 (-0.01%)
- I swear this looked better mid month lol. I think I was up $1000 in this portfolio alone but now it's down $200.
- My TFSA is maxed out for 2013.
- Check out my dividend income spreadsheet!
- One of my to do tasks is to track my dividend payments in an excel spreadsheet
- Watch out for TFSA over contributions, guys, the CRA will get you for every last penny.
- I signed up for a Tax Free Trading Account with Questrade in 2009 and haven't looked back!
- My plan is to live in this for 1-2 years and then rent it out once I find my prince charming (haha…right?)
- I am not counting this in my net worth, because it’s 13 years old.
- I have started a separate ING bank account for a future car
Credit Cards: $780
- The problem with not having Mint.com is that I can't see my credit card spending as easily so I ended up resorting back to the 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 over $500 already this year with my MBNA World Points World mastercard.
- I've used my new Amex Aeroplan card twice so far.
- 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: $186360 (-0.3%)
- 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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