I’m pleased with the increase this month! Whenever the update is more than 1% gain from previous I’m a happy camper.
The market did slightly better this month! My YTD increase in portfolio is just shy of 6%. It took a hit last month and seemed to have recover slightly this month.
I didn’t spend very much too so I was able to sock away some more money towards savings. I’m glad I could stash away some cash since I won’t be getting paid the paycheque that I’m used to for the next year while on baby leave.
My goal is to have $6000 dividend income annually for 2017. I have about $3200 left for the year and the year is halfway done already, so there’s definitely some more dividend paying shares-buying to be done.
This month I spent $40 on wine, one bottle for a friend’s birthday and one bottle of OkanaganJoie rose wine to enjoy since I will be able to have a bit of wine again after my pregnancy (so excited, I missed it so much, I swear I am not an alcoholic!) and in between breast feeding of course. Otherwise, I went out for dinner and brunches a few times with girlfriends, bought some ice cream (quite frequently might I add), and treated myself to a pedicure.
My Goal Progress:
I have over $372,000 left to go to reach my goal of net worth of $1,000,000 by age 40. I don’t include my defined benefit pension contributions in this value but I do have it as a back up to use in case I can’t make my target, lol. I have an over five year time frame for this, not trying to disclose my exact age or anything haha. Not entirely unachievable, I hope!
I joined the Rockstar Finance Directory, check out my modest progress there!
Okay, so here’s the breakdown for August 2017: $628,400 (+$7600)
CASH: $83, 700 (+9.7%)
- I added up my chequing and savings accounts.
- I will be moving money from cash into my investing portfolio once I run out of cash there
- One of my savings accounts is a Tangerine account, if you want $50, feel free to use myOrange Key 33530953S1 from now until October 31 2017 you can get $50 for opening up a Tangerine account (minimum fund is $100) and I will get $50 too! Usually it’s just $25.
Non-Registered: $84,300 (+0.7%)
- My portfolio (registered and non-registered) took a big hit this month, down almost 3% collectively
- These are stocks that capture the “moment in time”, including unrealized gains and losses
- There is also about $10,000 of cash in here, being slowly deployed with dollar cost averaging
RRSP: $73,100 (+1.4%)
I max out my RRSP annually, and I have a smaller contribution limit because of my defined benefit pension
TFSA: $68,400 (+0.5%)
- I spoke too soon last month, now it’s even further away from the $70,000 mark!
- I max out my TFSA annually, it was great when the limit was $10,000 but the government changed that unfortunately
- It will be very exciting the day that my TFSA account reaches over $100,000.
- I signed up for a TFSA in 2009 with Questrade (a self-directed account) and have been using this since then
HOME: $413,000 (0.0%)
- This is the municipality assessed value. In previous updates, I just listed the purchase price but thought I might as well start fresh and use the assessed value.
- I plan to update this value on an annual basis
- I am planning to rent it out or sell it in two years. The rental rates have been going up in Vancouver (as well as condo prices).
CAR: $13,900 (0.0%)
- I updated it for 2016-2017 with the Canadian Black Book price this month and will update it again July 2018
- I bought the car new in cash because the new car price and the used car price were only different by a few hundred dollars
- Cars definitely depreciate!
Credit Cards: $760
- I pay off my full amount every month
- So far I have redeemed $440 for 2017 with the MBNA World Points World MasterCard
- I usually have a few credit cards on the go but so far for 2017 I have only been using this one (for myself), and for our joint credit card I use the PC Financial MasterCard
Mortgage: $107,600 (-0.7%)
- I pay an extra mortgage payment a month
- It will be exciting the day when the mortgage reaches just five figures.
- I have a mortgage when I could technically pay it all off because I want to be able to invest the liquid money instead, given the low mortgage interest rate environment
Readers, how did you do with your update this month?