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Well this month was a little anticlimactic.  The markets were pretty flat.  Not much of a gain compared to last month, but I did spend some time on vacation this month for two weeks and managed to still be in the positive, so that’s not too bad.  My goal is to have a net worth of $385,000 by 2016 or $400,000 including my pension.  I’m just under $3000 left to go if I include my pension and have under $30,000 to go if I do not include my pension.

So far, in 2015, my gains in my investing portfolio is 2.13%.  How is your portfolio doing?

Okay, so here’s the breakdown for March 2015 ($355, 600): +0.5% +$1860

In This Article:

ASSETS:

CASH: $22, 870 (-2.1%)

Net Worth Update

Non-Registered: $119,225 (-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, 940 (+0.8%)

TFSA: $47,510 (-0.5 %)

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: $1870

  • 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 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 mint.com it’s under the liability column so I’ll do the same.

Mortgage: $176, 070 (-0.7%)

  • I’m doing an extra payment per month and will 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.

Article comments

4 comments

How long have you had money sitting in cash in your TFSA? Also have you decided what you are going to invest the $8000 in yet. I am interested to see what you decide and how it will affect your annual dividend income.

Thanks for sharing and congratulations on increasing your net worth!

The Money Spot

Young says:

@TMS- not that long 🙂 Well.. maybe 1-2 months. I have about $5500 in it now as I bought more REI.UN.TO and ESI (from what I can recall).

Ben says:

Why do you have any funds in a non reg acct if you have TFSA/RSP room?

Young says:

@Ben- I don’t have TFSA/RRSP room 🙂 (well, need to figure out how much I can contribute to my RRSP this year first)