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This net worth inertia is getting to me a bit.  It doesn’t really help that I’ve been shopping a lot lately.  I would normally get some interest income from my big molehill of cash from my high interest savings account but I moved everything to margin account and am waiting for the monthly or quarterly income to trickle in from the investments.

I am hoping things look better next month but at the same time I’m happy that I’m in the Positive territory and not the Negative territory this month! 🙂

Okay, so here’s the breakdown for October 2013:

Net Worth Update

In This Article:


CASH: $62035 (-???%)

  • As you can see, I finally did something with the pile of cash and moved it to a margin account.
  • Thanks for everyone’s suggestions as to what I should do with the $100,000!
  • 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 next year.

Non-Registered: $101,865 (+???%)

  • So I did a few things with my Questrade margin account and added a bit of money.  I haven’t “bought” all the ETFs that I intended to just because I am waiting for an appropriate entry point (limits)
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $36810 (+37%)

  • I am pumping up my RRSP contribution to the TD eseries to $1000 per month until the end of the year
  • 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 >$30,000
  • I paid off my RRSP loan to myself this month…. because I used the Home Buyers Plan for my down payment.

TFSA: $36350 (0%)

HOME: $272,000

  • 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 13 years old.
  • I have started a separate ING bank account for a future car


Credit Cards: $1600

  • 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
  • I’ve redeemed over $500 already this year with my MBNA Rewards World Elite® 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: $187550 (-0%)

  • It’s negligible this month not because I defaulted on my mortgage payment (though that would be good gossip fodder for those who don’t like me haha) but because the mortgage hasn’t been deducted from my account yet
  • 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.

Article comments

Leigh says:

You may have net worth inertia right now, but you did do something with your pile of cash at last 🙂 I’m happy to see you paid off your Home Buyer’s Plan and invested in a non-registered account! I love that you did -???% and +???% 🙂

Young says:

@Leigh- Yes good point! Thanks for showing me the silver lining! Haha yes, I was too lazy to calculate it out as it would be a ridiculous percentage increase. Better to start off fresh next month, I think.


Yes, you have a mortgage but with most of that net worth as part of your investable assets, that is crazy good for someone in their 20s. Still in 20s right?

As long as every month, debt goes down and investments are added, you’re doing it all right.


Young says:

@MOA- Haha nope! I’m officially 30 now! Maybe we should update the “about me” page!

Liquid says:

Fodder for those who don

Young says:

@Liquid- Haha you know, the real estate haters! I had a whole thread dedicated to how foolish I was/am on greaterfool.ca. I think it almost made me cry when I read that back then. But now I am stronger. Haters gonna hate right LOL.

Really.. so as long as we beat inflation we’re doing alright! Wow, amazon.com in seattle? I met someone at a hostel once who worked there too! haha. Maybe they know each other. But he was a guy.