Ughhh the suspense!  Just one more month left until “judgment day”!

I was doing good until a few days ago when the oil stocks just basically plummeted.  Unfortunately I calculate my net worth updates on the same day each month so I was not able to “fudge” my update.

As some of you know, I am aiming to hit a net worth of $350,000 by the end of the year, or $380,000 if I count my pension contribution (which is a pretty decent chunk off my gross income).  So far, I have “made” the target of $380,000 by over $3500 if I count my pension contribution, but if I don’t, I am short about $5500 and I have one month left to make it.  Realistically I am not sure if this is feasible considering how unstable the markets are right now.

I bought more COS.TO (Canadian Oil Sands) despite their dividend cut as I think it’s a great buying opportunity.  I also am thinking of stocking up on HSE.TO (Husky Energy).  It’s sale time and you guys know how much I like sales!

Okay, so here’s the breakdown for December 2014 ($344,490): +0.4% +$1350

In This Article:


CASH: $24,400 (-37%)

Net Worth Update

  • Upon the comments from my last post, I moved some of my money into my non-registered accounts so that most of this is for emergency savings.
  • 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: $120,460 (+14%)

  • I added more ETFs this month and rebalanced my ETF portfolio
  • The gain is mainly from me moving my money from a HISA into my Questrade account- unfortunately I keep the cash in my “total” of nonregistered account
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $50,480 (+2.2%)

  • Perhaps this is evidence for the TD e-series accounts because this month’s gain in the RRSP account is mainly form the TD e-series account again.
  • My RRSP is maxed
  • 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 contributions which is >$35,000
  • I paid back the Home Buyers Plan for my down payment in 2013.

TFSA: $40,730 (-2.7 %)

HOME: $272,000

  • My plan is to live in this for 1-2 year and then rent it out once I find my prince charming (haha…right?)

CAR: $17,000

  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)
  • I will update it annually with the Canadian Black Book price in July 2015
  • I used a conservative estimate of the car, no CBB price for 2014 models yet


Credit Cards: $1330

  • I applied for the CIBC Infinite Visa Aeroplan card and in the goal of travel hacking my way to trips and have been using it for a few months.
  • The problem with not having is that I can’t see my credit card spending as easily so I ended up resorting back to the 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 $650 already this year with my MBNA Rewards World Elite® 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 it’s under the liability column so I’ll do the same.

Mortgage: $179,150 (-0.5%)

  • Did another double up payment this month, I guess the satisfying thing about this is that you know it is building your net worth for sure by paying off mortgage debt, however with investing sometimes (many of the time) we do not have a crystal ball and our savings are up to the whims of Mr. Market.
  • 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.

Article comments


It’s nice to see you’re not “house poor” like me. Although I’ll have my mortgage paid off next year, I’m looking forward to maxing out my TFSA once again.

Jonny says:

Congrats on a nice month!

I just did my own update as well here:

Have you maxed out your RSP contributions with your work and personal RSP? I’m planning to max out my TFSA and RSP before I start on the non-registered and was curious if you started your non-registered before maxing out.

Thanks for the post!