$145, 740 (+3.0%)
Although one of the reasons this month was such a great month was because the markets have rallied to pre-2009 levels, the major reason was because I forgot to include about $2700 in cash in my last month’s TFSA account! (How embarassing- this is what happens when you’re old school and rely on a journal and a pen, versus something like Quicken, to record your net worth updates lol).
Anyway, I’m not complaining. This is analogous to finding $5 in the deep crevasses of your couch. My initial goal for 2011 was to reach $150,000 in net worth by the end of 2011, but with graduate school, reduced income, and other expenses (like two destination weddings) a little voice inside me (call it the rational voice) didn’t think this was feasible. Hopefully by June 2012 I will be able to reach this target.
Okay, so here’s the breakdown for March 2012:
CASH: $12, 044 (-5.3%)
Boyfriend and I have a joint account which our mortgage is deducted from, and our own personal accounts.
- 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 $2800 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa). I’m automatically deducting $100 a month from my bank account into this travel account. I’m about halfway there. Here’s my shameless plug: If you are Canadian and want to help contribute to my hiking fantasy, feel free to sign up for an Tangerine with my orange key: 33530953S1. You’ll get $25 if you start an account with $100, and I will get $25 too.
- I’d like to add that currently, my travel account has more money than my emergency fund account. I wonder what that says about me! Kind of sad, I know! My goal is to save $5000 in my emergency fund by the end of the year.
STOCKS: $10,314 (+1.3%)
- The BCE (Bell) holdings I have are doing nicely (pretty much the only thing doing nicely!) and up 39%.
- I just moved the $2000 from the sale of my SC.TO shares into my TFSA account. I’m excited to invest it. Probably instead of buying a new position in something, I’ll add to my current positions.
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts. I added up USD and CAD stocks as “Canadian” money to be simplistic
RRSP: $12777 (+1.04%)
- This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and my new 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
- I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan for my down payment. I am paying it back by $200 a month- this is starting in 2012.
TFSA: $20,424 (+16.8%)
- The large increase is primarily due to me forgetting to account for about $2500 in my cash balance. Whoops!
- Most of this portfolio has bounced back nicely, especially my KEG.TO stock- it was down $200 and now up $61 (lol! Don’t forget the $20 gift card for Keg Steakhouse they sent me as part of the annual report) and still churning out distributions.
- This month I received about $100 in dividend payments.
- 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!
- I am not counting this in my net worth, because it’s 12 years old.
- I am seriously getting some bad luck with this car haha maybe I should stop posting about my expenses on my car here. I ALMOST got my car ticketed again for parking too close to the curb but managed to weasel my way out of it. Phew!
PRINCIPLE RESIDENCE: $387,500 (0.0%)
- I know this it does not make any sense to divide the principle residence and mortgage debt by 50%, but since I cannot disclose my boyfriend’s financial information, I will do it this way to simplify things. Some of you may not agree to that, and I understand.
- Vancouver is an expensive city to live in, and many people predict that there will be a housing collapse, especially in a place where their is such a disparity between income and housing price. The Vancouver market was actually quite unscathed compared to the depressed housing markets elsewhere, and many people believe it is sorely due for a correction.
Mortgage Debt: $296, 029 (-0.32%)
- It’s an accelerated bi-weekly payment (-4 years from amortization)
- We got tenants for our basement suite. Wahoo! BF and I had a long discussion (well heated discussion lol) about paying off our mortgage faster. We have agreed to pay an extra $100 per payment (hence the extra 0.02% HA). I know it’s not much, but it’s a start.
Credit Cards: $1291
- 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.
- I charge most of my expenses on my card to reap the benefits (for example, I got $700 cash back using a no fee credit card!)