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
CASH: $22, 870 (-2.1%)
- I spent some money on vacation 🙂
- 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: $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%)
- I transferred some money (about $600) from my non-registered to my RRSP
- 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: $47,510 (-0.5 %)
- I maxed out my TFSA for 2015, I have about $8000 in cash, hmmm what should I buy?
- 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: $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.