Thank goodness that the stock market rallied a bit compared to the drop in September. I made a lot of changes to my portfolio this month. Bough HSE.TO (I couldn’t resist as it went down to $18.00, I just bought another 50 shares), sold COS.TO, sold XDV.TO, sold CPD.TO, sold XTR.TO in my TFSA. It’s been a slow process but I have been streamlining the portfolio to just include the ETFs that I had in my portfolio makeover plan.
As some of you following may know, my goal is to have a net worth of $385,000 by January 2016 net worth update or $400,000 including my pension. I am over the $400K net worth with my pension contributions and and have $6500 to go if I do not include my pension. It would mean increasing my net worth by $38,175 for the year.
Initially I was planning to treat myself to a new computer by my lovely boyfriend gave me one as a gift. So now I think my new reward will be a road bike, if I meet my net worth goal.
I have 60 more days. If the markets don’t plunge and cooperate, I might be able to make the goal. Here’s hoping!
Okay, so here’s the breakdown for November 2015: $378,500 (+2.4%, +$8800)
CASH: $41, 570 (+2.5%)
- I have at least 6 months of living expenses and then some, so should start moving money into my investments regularly
- 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: $89,060 (+2.8%)
- My greedy self got the best of me when I wanted the preferred shares for monthly income rather than focusing on growth
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $58,860 (+4.0%)
- 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 max out both my TFSA and RRSP (read my TFSA vs RRSP great debate over here)
- 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: $49,500 (+2.9 %)
- I sold all my COS.TO for a small gain of $350 or so. I ended up buying more HSE, now I have over 300 shares.
- Check out my dividend income spreadsheet updated quarterly!
- 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 (found him!)
- I updated it for 2015-2016 with the Canadian Black Book price, will update it again July 2016 with the depreciated price
Credit Cards: $290
- I have a few credit cards with the goal of travel hacking my way to trips.
- I use 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 $220 for 2016 so far with my MBNA Rewards World Elite® Mastercard®
- 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: $148, 800 (-0.6%)
- I pay an extra mortgage payment a month
- 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.