February 2015 Net Worth Update: $353,750 (+2%)

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Weee! I made it over $350,000 (celebration belated for a month I suppose but better than nothing).  It wasn't looking very good for a while but the markets picked up a bit and I made some stealth moves with COS.TO (Canadian Oil Sands) so that was pretty good (see below in the TFSA section on the play-by-play).

As you know my goal for last year was $350,000 net worth and I was off but quite a bit last month but redeemed myself.  For 2015 my goal is $385,000.  I think it will be difficult but we will see how I fare.

Okay, so here’s the breakdown for February 2015 ($353, 750): +2% +$6900

ASSETS:

CASH: $23,335 (-10%)

Net Worth Update

Non-Registered: $119,325 (-0.1%)

  • This month I'm mainly down in my CPD shares, otherwise, my non-registered is looking okay.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $54, 514 (+7%)

TFSA: $47,700 (+16 %)

  • I maxed out my TFSA for 2015
  • HSE.TO made a nice comeback and I'm still in the positive
  • COS.TO (Canadian Oil Sands) really really hurt for a bit then I bought 200 more shares at around $6.30 and then I just sold 300 shares so now I just have 100 shares at around $10.00.  I don't usually do this (trade so quickly) but it's a little too much exposure in my TFSA portfolio for my liking.
  • 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!

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

LIABILITIES:

Credit Cards: $2885

  • 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 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 $650 last 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: $177,200 (-0.5%)

  • I'm planning to do a monthly double up payment and maybe pay it down with my tax refund.
  • 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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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

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