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A post detailing the net worth update for March 2010 for young and thrifty.

Net Worth: March 2010 (up 4.4% booooyahhh)


Maybe it’s good karma, but this month’s net worth calculation falls nicely after the markets were on an upswing for the past few days (remember last month’s net worth calculation? The  market was completely rollercoaster-like for a bit, almost made me nauseated).

Okay, so here’s the breakdown:


CASH: $23,485 (+5.08%)

  • 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: $19,555 (-0.36%)

  • This month I wasn’t as active with my trades on Questrade, no capital losses this month, just added more positions to some stocks.
  • 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: $20,085 (+3.53%)

  • 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 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: $11455 (+2.6%)

  • initial investment was$18,100 from the get go so am kind of peeved that I am down $7000
  • 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: $10910 (+6.4%)


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: $1269 (-39%)

  • See what I meant when I said my credit card spending has it’s ups and downs?
  • 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 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, though MBNA has a new Elite Travel Card that has replaced the SPG card.  Will update you with the details when I find out more about this card.

Article comments

BCA says:

Very impressive indeed. Congrats!

Bytta@151DaysOff says:

Impressive, indeed!
How do you do with the BRIC fund, btw? I’ve been wanting to put some money there but afraid that it’s too late now.
.-= Bytta@151DaysOff

young says:

@Bytta At first (before the market crash of 2008) I was making a lot of money with the BRIC fund (maybe 75% return?), then it crashed to less than half the value. And now it retraced itself back to almost my initial investment. I don’t think it’s too late for BRIC because the economy everywhere else (except for North American primarily) has really been picking up steam… but that’s my $0.02. =)

Nice split up of the group!

I believe this is the first with this sort of reverse ordering! Another clever job!

Well done!
.-= Money Reasons

young says:

@Money Reasons Hello! No, it’s not the first with reverse ordering =) I think deliver away debt had it in this order on the first Yakezie carnival =) I’m not as clever as you may think ya know! =)

BibleDebt says:

Congrats, it looks like you are well on your way. Do you have a home or are you looking to buy? Maybe a good strategy not to until you can pay for it with cash!

young says:

@LeanLifeCoach Thanks Coach! Hopefully I can keep the +4% roll. We’ll see next month =) You’re very welcome- it’s great reading everyone’s blog- I feel well-read in the PF blogosphere afterwards.

young says:

@BibleDebt Thanks! I’m hoping to save up to buy, though the housing prices here are absolutely ridiculous (average detached home is about $800,000!) so will definitely depend on the bank to be my friend, unfortunately =(

Thanks so much for all your effort on this round-up!

More importantly, keep up the great work on your net worth! 4%+ Rocks!
.-= LeanLifeCoach

Mike says:

Nice! Congratulations on the uptick!
.-= Mike

young says:

Thanks Mike! Hopefully my graph will look more linear =) hehe

The Rat says:

LOL! Yeah, I was thinking the shredder was the villain…and then I was wondering if you thought I was a ‘bad rat’! 🙂
.-= The Rat

The Rat says:

LOL! I thought you would have called me Splinter ’cause he’s the rat :0)
.-= The Rat

young says:

@The Rat LOL!! haha I meant SPLINTER, not Shredder! hahaah that’s embarassing! I just woke up. I’ll blame my mental cloudiness on that. =)

Little House says:

That is really great! Very impressed by all of your various assets. As for your credit card liabilities, because you pay them off in full each month, it’s barely something to be counted. I am wondering though how it equated to -39%? Is that the amount of total credit utilization?

Good work!
.-= Little House

young says:

@The Rat Thanks- You’re like my “Shredder” in personal finance (remember TMNT?)

@Little House Thanks Little House! Yup, I do pay them off each month, but I still wanted to count them. I like to think of it as: If I liquidate everything and pay off all my bills, what would I have? With the -39% (it’s a wonky number) it just compares what it was last month (so last month I had 3300 in credit card expenses and this month is 40% less than that). Kind of silly I know, but that’s how “Net Worth IQ” calculates it.

The Rat says:

Thanks youngn, but it comes in steps like you’re doing so keep it up!
.-= The Rat

The Rat says:

4.4% increase is commendable. Great work!
.-= The Rat

young says:

@The Rat Thanks! But you KNOW that’s not going to compare to your early early retirement, so great work to you! =)

First of all, congrats on your Alexa increase! The Yakezie challenge is really working wonders! Second of all, do you plan on ever saying what is in your “Other” category? I’m interested in learning about your alternate investments. I’m planning on doing some alternative investing myself, but it will most likely be Real Estate. Nothing sexy…
.-= Investing Newbie

young says:

@Quantisan Thanks Paul! Yeah, I’m trying realllllly hard to save up for that down payment so have definitely gone into “scrimp and save” mode.

@Financial Samurai Thanks! I think that jump was primarily from the market upswing, so can’t take credit for it =) hehe..

@Investing Newbie I know eh?? I think I jumped like 2 million spots! Thanks to the Yakezie Challenge. Real Estate- sounds like a good idea! I’m hoping to buy a place first, and then focus on investment properties later, but no, it’s not in my “Other” category. To answer your question, I’ll do a mini-post on what my other category is comprised of later- there’s some good ‘learning curves’ associated with it, lol! PS: Not sure if I told you already, but I put you in my “PF blog love” page =)

Wow, you be rich! Nice jump this month!
.-= Financial Samurai

That’s quite impressive! Congratulations for the hard work!
.-= Paul@Quantisan