September 2012 net worth update: +3.3%

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$159,221 (+3.3%)

Finally a net worth update that's more than a 1% gain lol.  Definitely can't take credit for it though, Mr. Market is feeling happier and more generous these days (at least compared to last month).

Speaking of checking the markets, Questrade IQ has a new mobile app and a new platform.  The  mobile app thing is pretty cool, except it makes me nervous because there's no regular “log-in” through the app (basically anyone who gets a hold of my phone or gets past the iPhone security password can sell all of my stocks or trade them).  Not cool, Questrade, not cool.  At least put another security function on the app?  The Questrade IQ platform is pretty good except I can't seem to get it to work on my Firefox browser.  It works alright on the Safari browser though and it does look pretty sleek compared to Questrade Web.

On my to-do list before 2012 ends is to figure out what to do with my Home Buyers Plan amount.  I was thinking of transferring the margin account into my RRSP account.  That will reduce the amount I owe to myself by about half.  The good thing is that so far (well, not sure if its a good thing or bad thing because it means that my margin investments have been kind of in the dumps), my capital gains will be zero if I sold these shares in the margin account.  Any thoughts?

Okay, so here’s the breakdown for September 2012:

ASSETS:

CASH: 16,558 (+9.7%)

  • More money Pictures, Images and Photos

    Boyfriend 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 $3600 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.
  • My goal is to save $5000 in my emergency fund by the end of the year.

STOCKS: $8781 (+6.2%)

  • The stock market rebounded a bit, with Bell (BCE) and Suncor (SU) being the big gainers compared to last month.
  • I'm considering transferring this margin account to my RRSP account to pay for half of the RRSP loan (Home Buyers Plan) I have to myself since my income is lower this year.
  • 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: $14040 (+4.3%)

  • 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.
  • 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
  • I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan for my down payment. I haven't decided whether or not to pay it back this year or have the 1/15 amount included as income. Since I'm in school, my income has decreased substantially so it might be feasible to just let the minimum amount get added as tax for 2012 (remember RRSP's are all about tax deferring!)

TFSA: $22700 (+2.7%)

CAR:

  • I am not counting this in my net worth, because it’s 12 years old.
  • I finally tuned my car up!

PRINCIPLE RESIDENCE: $387,500 (0.0%)

  • 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's housing prices seem to be cracking!  Lots of inventory and no one buying.  Dun dun dun….

LIABILITIES:

Mortgage Debt: $289,800 (-0.5%)

  • We officially own 25% of our property! We definitely need to bump up our extra payments though.
  • Our basement suite is rented out so this takes the sting out of me going to school and dropping my income

Credit Cards: $556

  • With my MBNA World Points World mastercard, I already almost have another $270 worth in points since redeeming the points in February. Gotta love my credit card.
  • 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.
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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.

6 Comments

  1. Leigh on September 30, 2012 at 11:55 am

    Woot at the more than a 1% gain! I’ve definitely been finding that as my net worth grows, the stock market affects it so much more. I had a higher than expected increase this month as well, partially due to the stock market increases.

    Congrats on finally owning 25% of your property!

    If the capital gains would be zero to sell those stocks, then that seems like a good spot to use to pay back your Home Buyer’s Plan.



  2. Lance @ Money Life and More on September 30, 2012 at 12:07 pm

    Woohoo! Another positive net worth month! The market has been helping me out as well so you aren’t alone there. Can’t complain when it goes down though because it gives us an opportunity to buy cheaper.



  3. My Own Advisor on October 1, 2012 at 10:39 am

    Great work on the savings and TFSA!

    “My goal is to save $5000 in my emergency fund by the end of the year.” – great goal.

    Mark



  4. Young on October 2, 2012 at 5:23 pm

    @Leigh- Thanks Leigh! I know, it’s huge how much the fluctuations of the stock market affects the growth.. kinda scary at the same time too!

    I ended up selling my stocks (non registered) and moved it to the RRSP but it turns out the capital gains will be $450 or so (yeah didn’t make that much in my non-registered, some of the stocks were the loser ones I haven’t gotten rid of).



  5. Young on October 2, 2012 at 5:23 pm

    @Lance- That’s true! It’s like a win-win situation all around isn’t it.



  6. Young on October 2, 2012 at 5:24 pm

    @MOA- Thanks! I’m a bit more attracted to my dividend goal now which is not a good thing (because that means neglecting the emergency fund money) but c’est la vie!



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