EDIT: Ooops, I guess I’m doing a little better than I thought (phew!). I had sold some holdings in my TFSA but when I calculated my net worth update, they had not finalized so the money was “missing”. My TFSA balance is actually $49,450, which means this month I am actually up by 0.7% compared to last month, a $2000 difference from my original calculation.
Well, on the bright side, at least I am in the positive, but barely, by a few hundred dollars. The markets continue to hemorrhage and despite my diligent savings and my no-extranneous-shopping month in September. My portfolio has been sliding most notably affected with ZPR.TO (preferred shares) which is down over $6000 in total.
It doesn’t help that I booked a ticket to go to… Omaha next year in April-May 2016! We waited a few weeks to book and the flight tickets went up by $150. My BF and I are going to live our dream of seeing Warren Buffett and Charlie Munger at the Berkshire Hathaway Annual General Meeting. Has anyone been? What is it like? Any tips to decrease the headache of lining up?
I also booked a trip to go to Phoenix, Arizona. One of my dreams is to see Antelope Canyon in Page, Arizona.
As some of you following may know, my goal is to have a net worth of $385,000 by January 2016 or $400,000 including my pension. I am over the $400K net worth with my pension contributions and and have $15,000 to go if I do not include my pension. It would mean increasing my net worth by $38,175 for the year.
I don’t think I’m going to make my net worth goal. That would mean I need a net worth increase of $5000 a month for the next three months, and I am doubtful this will happen, however, you never know!
Okay, so here’s the breakdown for October 2015: $369,707 (+$612, +0.2%)
CASH: $40,522 (+4.7%)
- 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: $86,640 (-2.7%)
- 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: $56573 (-0.0%)
- Just down $7 from last month!
- 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: $48,080 (+0.08 %)
- Yay, up $40 or so compared to last month
- 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: $1212
- 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: $149, 800 (-0.8%)
- 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.