I had to do the calculations three times to double check the numbers because that did not seem possible. I seemed to be spending like crazy this month again… I think reason for the increase is mainly from the stock market, the S&P500 has been the highest since like.. forever.
I guess it also helps that on average, I spent about $15 a day while on vacation in Asia. No material goods or expensive dining (not that I usually dine expensively) to entice me lol. Just $0.50 noodles and $1 fresh mango smoothies.
One of my friends was talking about her 5 day trip to the Maldives (the group of islands that is sinking, basically one of the most expensive tropical destinations in the world) and she said she loved it. I could not fathom paying $700-800 a night for a room/ hut even though it might be nice. She spent about $4000 for 5 nights. Have you guys been to the Maldives? It is/was on my bucket list, but maybe it's too extravagant?
In terms of investing, this month, I bought NLY (I am buying back at the lower price even though it triggered a stop limit order when I initially bought it) and T (AT&T) in my RRSP. I also bought ZDV in my non margin account, which was something I have been meaning to do, but it did not trigger the limit order, so I bit the bullet and just bought it at the recent prices. There have been no additions to my TFSA in terms of stocks, but BMO performed nicely this month for me and HSE performed well as well.
Using rudimentary calculations, my TFSA has been up 23% since March of 2013 (this does not include the $11,000 that I contributed to it). Not too shabby! Dividend and ETF investing are pretty awesome.
Okay, so here’s the breakdown for March 2014 ($329, 550):
CASH: $55610 (-1.3%)
- Spending a lot again this month!
- 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 $4800 saved up for my big trip that I hope to do this year.
Non-Registered: $98190 (+1.2%)
- I moved $5500 from my nonregistered cash to the TFSA
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $44, 220 (+4.3%)
- 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 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 which is >$32,000
- I paid back the Home Buyers Plan for my down payment in 2013.
TFSA: $44 690 (+2.1%)
- My TFSA is maxed out for 2014 now- I haven't decided what to buy yet with the money, need to do some research
- I bought 50 more shares of FTS.TO for a total of 150 shares
- Check out my dividend income spreadsheet!
- 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 years and then rent it out once I find my prince charming (haha…right?)
- I am not counting this in my net worth, because it’s 14 years old.
- I have started a separate ING bank account for a future car
Credit Cards: $500
- The problem with not having Mint.com is that I can't see my credit card spending as easily so I ended up resorting back to the 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 already this year with my MBNA World Points World mastercard.
- 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.
Mortgage: $184670 (-0.4%)
- 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.