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That positive streak didn't last very long. The markets have not done well and I think I took about a $8000-$10k hit to my portfolio so far. It's quite painful but I know that it can be (and likely will be) worse. I will continue to re-evaluate my portfolio and transition stocks to my Investment Game Plan in previous posts.
I didn't go crazy with Portland shopping but did buy a few things for around $180 USD and made the quintessential pitstop to Trader Joe's where I blew $100 USD.
I'm not sure if I am going to hit my net worth goal this year with the markets being the way they are, but here's hoping!
As some of you following may know, my goal is to have a net worth of $385,000 by 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.
Okay, so here’s the breakdown for September 2015 (-$2590, -0.6%)
CASH: $38, 640 (+8%)
- I think I have about 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: $89,000 (-2.9%)
- No comment haha. Keep calm and carry on.
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $ $56580 (-2.9%)
- 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: $48,050 (-4.7 %)
- For a first time in a long while, my portfolio is quite red. Big loss, TSX is not doing we
- 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 (haha…right?)
- I updated it for 2015-2016 with the Canadian Black Book price, will update it again July 2016
- I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)
Credit Cards: $720
- 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 World Points World 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: $151,100 (-0.7%)
- 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.
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