I have about 25% cash in my investment portfolio and all of my short term savings/ cash accounts, out of my whole cash + investment portfolio. Ideally I would like to have 30-40% cash and be prepared to deploy the troopers (as my fiancee likes to say) when the crash comes.
This month I increased my investment portfolio compared to last month by a measly 0.3%. Year to Date I am at 5.43%.
My goal for the end of 2016 as one of my personal finance resolutions is to reach $420,000 in net worth. Now I just have $0 towards my goal of $420,000 by the end of the year. With four more months to go I met this goal (yay!!!). My long term goal is to have a net worth of one millllllion dollars by the time I reach 40. We will see how that goes…with kids hopefully in the forecast, this plan might get derailed, but you never know!
Okay, so here’s the breakdown for September 2016: $422,250 (+$5500)
CASH: $46, 770 (+6.5%)
- Once I deplete the cash in my non-registered account (yes, there is more cash in there) I will start moving this cash into investing accounts. It is nice to keep it here for an emergency fund anyway.
- 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: $83,500 (+0.2%)
- Up by just a bit
- Slowly depleting the cash in my non-registered. Still about $20K in here.
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $64,510 (+0.3%)
- 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 >$50,000
- I paid back the Home Buyers Plan for my down payment in 2013.
TFSA: $59,660 (+0.4%)
- 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!
- I’m a little divided on what to do with my home now that I’m getting hitched soon. I’m pretty keen on selling it or just renting it out.
- I updated it for 2016-2017 with the Canadian Black Book price, will update it again in July 2017 with the depreciated price
Credit Cards: -$288
- This is an odd month because I’m actually OWED money from the credit card companies! What a nice feeling. This is because I paid the deposits for group rates for airfare and the tickets are ticketed and my deposit is returned.
- I signed up for the Chase Marriott Visa and also have an American Express Gold Rewards Card again, 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 $250 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: $120,090 (-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.