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Net Worth: June 2010
$92,077 (+ 2.3%)

Sorry guys, I skipped a month of updating!  I was away for the last update…I didn’t want to be logging on checking my account balances with a public computer at an internet cafe, if you know what I mean! =)

With all the volatility in the markets, I set some stop losses (maybe I’ll do a post on stock market terminology basics soon) on some of my equities to protect my gains and protect my capital.  Of the three stop losses I set, all three of them got triggered while I was away!  One of them was to protect my profits, and the other two were to protect the capital.

Okay, so here’s the breakdown:


CASH: $32,254 (+26%)

  • 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.
  • Oh and I got my tax refund (yay!), it increased to $1000 from $500 after having to friggin’ refile the darn thing like, 3 times (useful tax filing tip for you: don’t file your taxes early especially if you have a lot of T5’s and T3’s- make sure you have them all before you file!)
  • No, not planning to splurge on a vacation or a pair of Jimmy Choo shoes with my refund.  I’m going to be a good girl and sock it away in my HISA account for my down payment. =)

STOCKS: $19972 (-7.4%)

  • Like I said earlier, I set up some stop losses to protect my capital in case the markets were to crash (low and behold- Murphy’s Law, they did), but the stock market isn’t doing so great currently.
  • I am hoping to get in on the bargain prices with all the cash that is sitting in my Questrade account
  • 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 about a 5% difference right now)

RRSP: $20,108 (-4.2%)

  • 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 got hit this month. I’m thinking of buying some more ETF stocks to balance it all out for my 2010 RRSP.
  • On my “to-do” list this month (yeah, I was saying that in April too! Gotta get on it!), I hope to switch over my BMO investorline RRSP soon to a Questrade RRSP because I get 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: $11113 (-0.8%)

  • 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: $11130 (-0.7%)

  • $5300 Principal protected through an HSBC investment (+6%) from inception (TFSA of 2009)
  • $5900 For my 2010 TFSA, I signed up for a Tax Free Trading Account with Questrade and I bought lots of income trusts and am having some yummy monthly distributions roll in until they incorporate the income trusts in 2011.  On my “to-do” list this month, I’m going to re-invest the distributions.


  • I’m not going to bother counting the car. It’s 10 years old and I’m planning to drive it to the ground.
  • Paid for my car insurance this month.  One great thing about getting old is that they reward you for being old and “experienced”.  My car insurance only came up to $1600  (HURRAHHH!!!!) (Yes, you read that right, it’s $1600- I’m sure everywhere else except for British Columbia has lower car insurance rates)


  • Before you jump to conclusions about my crazy spending habits, I put my car insurance on my credit card (yay for points!).. and pay the balance off in full.
  • 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.  I have signed up succumbed to the SPG AMEX card, but it hasn’t come in the mail yet.

Article comments


Looks like you will be in six figures by the end of this year! Whoo hoo!

young says:

@Financial Samurai- Yuppers- that’ll be exciting! Although I will also likely be in massive mortgage debt too by the end of this year =) (been looking around for a place with the boyfriend)

Kevin says:

Neat, you pretty much have no liabilities at all. Wish I could say the same for myself. I also bought my car insurance this month. If i waited until July though I could have saved another 5%, but I need to use the car now so oh well. The good news is that ICBC is planning to reduce our insurance premiums by the end of this year. I hope it goes through.

young says:

@Kevin- Oh Kevin, you just wait. I’m probably going to be HUGELY in mortgage debt soon… (yeuchh- it’s a necessary evil, I suppose!). Dang, you know how overpriced ICBC can be then =) I think for my renewal notice, they said they had reduced the insurance premiums already, but maybe they’ll reduce it some more? (Good to know our tax dollars and insurance premiums aren’t just funding the fat paycheques of ICBC CEO’s and executives… as much as before.. perhaps).

Thanks! We’re slowly getting there Y&T, but you have to enjoy the journey too!!

(read in: we need to spend some cash once in awhile to stay sane! 🙂

Keep up the good work Y&T! I recently posted our net worth as well on my blog. Really interesting stuff, to see “where you’re at” with different accounts and reconciling that with your goals. I wouldn’t worry about your spending (on Choo shoes). You have no idea how many shoes my wife has….


young says:

@Financial Cents- Thanks! Yes, I find this calculation of net worth (and posting it) helps me keep accountability to myself. LOL no, I don’t own (or really plan to buy) a pair of Choo shoes…I think I would rather go on a trip to Vegas than spend the same amount of money on a pair of shoes that will give me blisters =) Keep up the great work on YOUR net worth- it’s awesome!!