September 2011 Net Worth Update (+0.8%)

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$133, 736 (+0.8%)

I have NO idea how it managed to squeak out in the positive territory this month since the markets haven't really improved much.  Well, I'm not complaining 😉  This will likely be the last green net worth update I'll see for two years, because I'll be making substantially less as a full time student and a part-time employee.

Let's see, I was a busy bee this month.  I was able to:

  • put more money into my TFSA
  • buy more SLF (hey, the dividend yield is at >5%… ) in my TFSA.  I have 98 shares so far and will just need two more to reach the magic number 100, which will give me an annual dividend yield of $432. $144 (Thanks Steve!)
  • move some shares in-kind from my non-registered account to the TFSA account.  I moved my shares in BMO.TO, CPD.TO, and CYH.TO
  • This gives me less and less TFSA contribution room which makes me feel warm and squishy inside

Okay, so here’s the breakdown for this month:

CASH: $12021 (+0.1%)

  • More money Pictures, Images and PhotosBoyfriend 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 $2200 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.  If you want to help contribute to my personal lifelong dream, feel free to sign up for an ING account with my orange key. You’ll get $25 if you start an account with $100, and I will get $25 too. :)

STOCKS: $14, 942 (-8%)

  • It isn't as bad as it looks.  I transferred my BMO shares (I think I only had about 45) and took advantage of the recent lows so that my transfer “in kind” won't be much of a transfer (hence I will avoid capital gains).
  • 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: $11235 (+1.5%)

  • 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.
  • The RRSP is maxed out for this year. I am seriously thinking about maxing out my TFSA instead (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 owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan, but I won’t have to start repaying until 2012 (jeepers, 2012 is creeping up already).

OTHER INVESTMENTS: $2689 (-2.6%)

  • If you’re wondering what I hold in my Other investments- check out my post long story
  • I have some investments that were poor choices (I signed up for them before I became self “edumacated”) that were losing money big time. In order to receive a tax credit, I got persuaded into buying some flow through shares, Venture investments that gave out a tax credit, and some more mutual funds about four or five years ago.
  • Hmm, just a few more months until I can get my money out from my venture mutual fund and invest it elsewhere.  Can't wait!

TFSA: $7812 (+14.6%)

  • Happy to report I finally got my butt in gear and sent off my request to start a DRIP with Questrade for EIF… HOWEVER, it's been a month and I haven't seen any DRIPPING action yet.  Gotta ask Questrade about that one.
  • I added some money to the TFSA and transferred in some non-registered stocks
  • I signed up for a Tax Free Trading Account with Questrade and my TFSA consists 100% of stocks


  • I am not counting this in my net worth, because it’s 11 years old.
  • I got a chip in my car windshield and it turned into a big crack (about the length of a hand).  I don’t know how much it will roughly cost to repair the windshield.  Good thing its on the passenger side :)   My poor baby.
  • I still haven't done anything about the crack in my windshield- gotta get on that I suppose 😉  Anyone know how much it usually costs to replace a windshield?


  • 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.
  • We plan to live in this house for 5-10 years or even more, and we are prepared to “suck it up” if it corrects by more than 25%. Our house is in a favourable location in the city, and our neighbours have sold recently for about 30% more than what we paid for our house.


Mortgage Debt: $301, 762 (-0.3%)

  • It’s an accelerated bi-weekly payment (-4 years from amortization) and we plan to add on what we get from our rental downstairs to pay the mortgage off faster. Target pay off= 15-17 years. The rental has not started yet, perhaps we may be looking at renting it out in September. or basically whenever haha.

Credit Card: $504

  • I haven't paid for my tuition yet.  ‘Nuff said.  Deadline is end of September and I'm going to procrastinate until then 🙂
  • 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 it’s under the liability column so I’ll do the same.
  • I basically charge everything to my card to reap the benefits (free flights and hotel stays here I come!)
  • BF and I got the Royal Bank Avion Infinite Card as our joint credit card (free for one year since we have a mortgage with RBC! So will be using it and letting you how I like it- I would of course never pay $170 a year for this, but since it’s free for one year, why not?)
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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.


  1. Andrew Hallam on September 5, 2011 at 10:41 pm

    Nice work Young! Keep ripping it up!

  2. Financial Samurai on September 5, 2011 at 11:51 pm

    Up in this market is good! Congrats!

  3. cashflowmantra on September 6, 2011 at 2:15 am

    We have a friend who replaces windshields. There are many companies that will come to your house and do it right in your driveway. It cost us $150.

  4. Leigh on September 6, 2011 at 8:19 am

    Not bad, Young! Congrats on squeaking out a positive month! You might see some positive months while you’re a student since you’ll be working part-time – maybe the months you don’t have to pay tuition?

    Yay for filling up your TFSA some more 🙂 Where are you planning on paying your tuition from? Are you planning on replacing your car at some point? Do you have a car replacement fund for that?

  5. My Own Advisor on September 6, 2011 at 8:58 am

    Nice work Y&T, keep it up!

    Another positive post for my roundup later this week!

  6. retirebyforty on September 6, 2011 at 10:41 am

    Great job staying in the green in this market. 😉
    We are down, but I’m still in it for the long haul.

  7. Sandy - yesiamcheap on September 6, 2011 at 12:06 pm

    Hey, you’re beating the market. Anything not in the green is a positive thing as far as I’m concerned. With comparable homes selling so high how are you not tempted to just sell and buy something else is a less expensive neighborhood and bank the cash? If my rental sold for 30% more I’d cash out like a bank robber.

  8. young on September 7, 2011 at 12:10 am

    @Sandy- Hey lady 🙂 You got a new avatar! I know, it is very tempting. BF and I were talking about selling our house and then buying a duplex.. we would be almost mortgage free if we did that. In the end, we decided against it. We haven’t started renting our home out yet and it would be nice to try that out first to see how it goes. I think emotions are in play (more so than a rental unit/investment unit) I suppose! We designed our place and we love it 🙂 I’m a sucker.

  9. young on September 7, 2011 at 12:12 am

    @retirebyforty- I’m in down too, (way down in SLF- -15% or so) but I bought more. I’m in it for the long haul too! 🙂

  10. young on September 7, 2011 at 12:20 am

    @My Own Advisor- Thanks MOA! For both the encouragement and the round up 🙂

  11. young on September 7, 2011 at 12:30 am

    @Leigh- Hmm, hopefully I’ll be able to control my budget and keep up the positives (but I am pessimistic about this 😉 ) We’ll see!

    I got that scholarship so I plan to pay my tuition from that 🙂 Otherwise, I will either dip into my TFSA or RRSP or pay from my emergency fund. I also am working so will be saving some money for that.

    Hmm I HOPE i don’t have to be replacing my car any time soon. I aim to squeak out another 5 years from it. It’s still under 100,000km so hopefully I’m not being grandiose in my thinking. No car replacement fund yet, but my emergency fund may become that as well (I save quite a bit when I’m not in school- but that will have to wait for another 2 years). Great questions, Leigh!

  12. young on September 7, 2011 at 12:31 am

    @cashflowmantra- Good to know that it’s not that expensive. I’ll try and do it this month- finally replace the windshield 🙂

  13. young on September 7, 2011 at 12:32 am

    @Financial Samurai- Thanks! I don’t know if its my market money really! But I’ll take it 🙂

  14. young on September 7, 2011 at 12:34 am

    @Andrew Hallam- I’ll try! 🙂 Thanks Andrew!

  15. Steve Zussino - Canadian Coupons on September 8, 2011 at 1:33 pm

    I was looking at SLF. Is that calculation for the annual dividend correct?

    Wouldn’t it be $144 ($0.36 * 4 * 100 shares)?

  16. young on September 8, 2011 at 1:43 pm

    @Steve- OMG. I’m embarassed-you are right. No wonder it was too good to be true- I did the calculation a few times, and then was surprised at the result. What I did accidentally was make it a MONTHLY dividend lol (I am such a bimbo sometimes). Yes, you’re right it’s only $144 annually!

  17. young on September 8, 2011 at 1:44 pm

    @Steve- I’m going to correct it now 😉 Good eye and thanks for clarifying.

    PS I ate at the Blue Fox.

    One word- AMAZING.

  18. Steve Zussino - Canadian Coupons on September 9, 2011 at 9:30 am

    No worries!

    I am glad you enjoyed the Blue Fox. The lineup must’ve been huge!

    I am still going to but SLF for the nice dividend and possible growth in the share price. I like the current price, $25.06.

  19. The Wealthy Canadian on September 10, 2011 at 10:10 pm

    Nice job keeping things in the green zone, especially with such market volatility in recent weeks.

    Best of luck with your studies this semester; sounds like you’re gonna be one busy person!

    Take care,

  20. Evan on September 12, 2011 at 12:54 pm

    I barely squeeked out a positive number also, markets killed it!

    How did the TSFA go up so much? Was the money elsewhere?

  21. young on September 12, 2011 at 7:50 pm

    @Evan- My TFSA went up because the markets picked up a LITTLE bit (though it was still pretty sh*tty) and then I put in more money that I had into the TFSA. I also transferred some of my non-registered portfolio holdings like BMO and Telus (I think I did telus, I forgot) in kind to my TFSA.

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