Net Worth: April 2010
$90,016 (+ 5.4%)
Alriiiight! The markets have been doing hella good so far, though I’m still nervous as it might correct itself soon.
Okay, so here’s the breakdown:
- I added up my chequing and savings account (High Interest Savings Account).
- I automatically deduct money from my chequing account and have it siphoned to the HISA account.
STOCKS: $21,566 (+10.2%)
- I was pretty active in March (well, for me anyway) making about 7 trades on Questrade. I accidentally bought 1000 shares of something when I meant to buy 100 (darn margin accounts- they make me nervous!!) and thankfully realized my blunder before I signed out for the day…I sold 900 shares and had to suck up the commission for my mistake. Thankfully Questrade’s commissions are low!!
- These are stocks that captures 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 (which is pretty much at par right now)
RRSP: $20,985 (+4.5%)
- This includes some emerging market mutual funds (BRIC), the monthly deduction from my HISA into my TD E-Series account (primarily bonds), a GIC in my ING Direct Account, and some ETF stocks I have in my BMO Investorline account.
- I hope to max out the $25,000 and withdraw for my first home purchase (hopefully soon) with this amount saved.
- The RRSP is staying steady. I’m thinking of buying some more ETF stocks to balance it all out for my 2010 RRSP.
- I might switch over my BMO investorline RRSP soon to a Questrade RRSP because I just got hit with the $105 yearly fee they charge to keep the RRSP account “maintained”….*grumble grumble grumble*. Also don’t like the $29 per trade.
- I am a public sector employee (hurrah for good-lookin’ pensions!) but am not including it in this net worth update because I want to keep it simple, and to be honest, I’m too lazy to calculate how much I have in it.
OTHER: $11592 (+1.2%)
- 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 are 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 years ago.
TFSA: $11200 (+2.8%)
- $5300 Principal protected through an HSBC investment (+6%) from inception (TFSA of 2009)
- $5900 For my 2010 TFSA, I signed of for a Tax Free Trading Account with Questrade and I bought lots of income trusts and am eagerly anticipating having my monthly distributions roll in until they incorporate the income trusts. My Questrade TFSA account is up over 18% yay with the distributions and cooperating market.
I’m not going to bother counting the car. It’s 10 years old and I’m planning to drive it to the ground.
CREDIT CARD: $963
- This is considered “pretty good” for my monthly credit card spending- I pretty much use my card for everything.
- I pay off my full amount every month 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 basically charge everything to my card to reap the benefits (free flights and hotel stays!)– Sadly, the last month of the SPG MBNA card has come and gone, though MBNA has a new Elite Travel Rewards Card that has replaced the SPG card. I compared a few no fee travel rewards cards available in Canada and have come to the conclusion that I will stick with the MBNA Elite Travel Rewards card and see how it pans out.