Just $2300 shy of reaching my target. It doesn’t help that there were after-holiday sales and I went down to the United States for a weekend to places like Nordstrom Rack and other outlet-type places as a family trip and blew over $600+ for the weekend. I would have to say that my discipline is pretty good when I’m not tempted, but when there are great sales in front of me, it is hard to resist!
Obviously, I succumb to clothing and accessory sales in addition to sales in the stock market.
My target was $350K as a net worth for the end of 2014 and I am a bit short. However, if I include my pension contributions I have made my target of over $380K net worth (with pension contributions).
If I really want to fudge, I could increase the home value as the BC Assessments have come out and it shows a decent plus for 2014. I would then have made my goal haha.
Okay, so here’s the breakdown for January 2015 ($346, 825): +0.6% +$2340
CASH: $25, 730 (+5.5%)
- 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: $120,100 (-0.3%)
- I sold Transalta this month, it was triggered as a stop loss
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $50,940 (+0.9%)
- 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: $41,300 (+1.5 %)
- HSE.TO made a nice come back, I am back in the positive territory
- COS.TO is still hurting a bit, down about 25% but that’s okay I will hold on tight.
- It’s January and it’s time to fill up the TFSA! 🙂 (which I have not done yet)
- 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 year and then rent it out once I find my prince charming (haha…right?)
- 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: $2770
- 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 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: $178,200 (-0.5%)
- I’m planning to do a monthly double up payment, however this might not be possible this month since I was Miss Spendy!
- 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.