Net Worth: September 2010
$117231 (+ 2.3%)
This month, my major purchase was the $530 for the flight to Hawaii. I did splurge at a local clothing store during their summer clearance and spent $200 on two pairs of jeans (actually-one pair of jeans and one pair of jeggings lol) , one pair of jean shorts, one skirt, one tank, and one silk top. Everything was about 70% off and I only do this about twice a year or less. I’d say $200 is not too shabby for six items of clothing.
I was quite pleased with my net worth calculation this month- almost thought I was over $100,000 (albeit by $10) but realized I forgot to include my mastercard balance. Without the pension and with the mastercard and amex balances, I’m at $99,677… almost over $100,000. Even closer this month! Hopefully by next month (I should be able to save $323 next month lol) I’ll be hitting 100K. Then after that I’ll set my new target to 1,000,000 (haha yeah right- maybe realistically the next target I’ll aim at is 150k).
Okay, so here’s the breakdown:
I added up my chequing and savings account (High Interest Savings Account).
- I have a new ING automatic savings account where I put away $100 a month in lieu of giving $32 a month to the pet insurance company– when they keep on denying my poor doggy’s claims. ING gave $100 just for opening up an automatic savings account and funding it with $100 a month until March 2011.
- I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)
STOCKS: $22368 (+2.5%)
- I socked away an extra $750 I had to buy some more ECA.TO with Questrade during that huge dip in the market last month. Not only am I paying myself first, I’m paying myself last lol
- This month was b-l-o-o-d-y in the markets with many new 52 week lows being set
- Hopefully September will pick up- it seems to have had, so far. Let more good times roll.
- 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: $22595 (+1.6%)
- 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 my new Questrade RRSP account.
- I hope to max out the $25,000 and withdraw for my first home purchase with this amount saved with the RRSP home buyers plan
- I funded my Questrade RRSP account with some cash (making sure not to go over my allowed amount for this year’s RRSP contribution), but when I set up the electronic fund transfer from my main bank, I accidentally paid the wrong account number! So am waiting a few weeks am still waiting to clear that up before I make purchases in my new RRSP account.. My money is missing!! I’ve been trying to contact Questrade and BMO and its been a pain in the butt to say the least.. hopefully this will be fixed before next month.
- I haven’t bought anything with the extra money I funded this year yet, but plan to get some bond ETF’s.
- I still have $400 to contribute before the end of the year for my RRSP contributions which I plan to do after they find the $300 that I deposited first (insert eye roll).
PENSION: $17554 (+2.1%)
- How I calculated it: I took my pension statement and added my monthly contributions from my pay cheque to reflect this month’s pension amount. I’m not including my employer’s contributions in my pension calculation.
OTHER: $10629 (-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 or five years ago.
- These guys haven’t been moving much, unlike the rest of the market. Once I break even with one of the venture funds, I’m gonna get the heck out. Yuck! These other investments stick out like a sore thumb. =(
- $5250 Principal protected through an HSBC fund investment (+6%) from inception (TFSA of 2009)
- $6038 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.
- My 2010 TFSA is up over 20.1% ROI this year (including distributions)–awesome!
- I looked up which ones are incorporating and which ones aren’t
- I’m not going to bother counting the car as an asset. It’s 10 years old and I’m planning to drive it to the ground.
CREDIT CARD: $1581
- 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 basically charge everything to my card to reap the benefits (free flights and hotel stays here I come!)
- I got the SPG AMEX card for a few months already and have been using it as often as I can (compared to the MBNA travel elite card) but American Express isn’t accepted everywhere here in Canada…I’ve been getting used to the “Oh, sorry, we don’t take American Express”.