This month’s update is not bad considering I did the update on Friday where the market plunged in the biggest weekly dip in two years. I’m still in the positive territory for this month’s update. Weed stocks are down 30% and Bitcoin is now trading at $8000, which is much less than what it was just a few weeks ago. Everything on social media seems to have gone quieter since these two speculative ‘investments’ have been hit. There is panic selling ensuing.
My 2018 YTD return on my investment portfolio is just up 0.7%. The S&P/TSX Composite index is down 3.65% YTD.
Currently, my forward annual yield is $6000. I review and update this on a quarterly basis. If you’re interested in signing up for a free download of the dividend income spreadsheet tracker that I use (thanks to my husband’s Excel handy-work, since I embarrassingly don’t know how to use Excel), sign up here (and you will also not miss another genymoney.ca blog post lol)!
Here are some notes for each net worth update. I don’t include baby GYM’s RESP net worth in my net worth. I do share his RESP number just to keep track of how he does month to month. Also, I don’t count my husband’s net worth since we have separate and joint finances. I am not including any of our joint accounts in which I contribute to monthly. I also don’t include the joint car we share.
I bought my husband a $100 gift card for his birthday to a bicycle repair shop. Coincidentally the day I bought it he came home and said his bike chain was skipping, so it worked out well. We decided to do birthday gifts for each other limited to $100 and forgo gift giving for the rest of the year including Christmas, anniversaries, and Valentine’s. I also spent another $100 at the vet for my dog’s injection to make him less itchy (looks like it’s going to be a monthly $100 expense now for my ‘stanky dog’ (as CashFlowKat aptly names it haha). Then I took my mom and sisters out for lunch for around $100 and spent another $100 taking my husband’s family out for dinner for his birthday. So it was a spendy month!
My Goal Progress:
I have over $282,000 left to go to reach my goal 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.
I joined the Rockstar Finance Directory, check out my progress, converted to US dollars, there!
Baby GYM’s Networth: $19,700 (+14.5%)
We set up an RESP for Baby GYM but it’s mainly in cash right now. We put another $2500 in the account and the Canadian government CESG contributed the $500. He’s rocking it and is worth much more than I was when I was less than one years old.
Okay, so here’s the breakdown for February 2018: $717,100 (+0.5%)
CASH: $54,600 (+0.3%)
- I added up my chequing and savings accounts.
- One of my savings accounts is a Tangerine account, if you want $50, feel free to use my Orange Key 33530953S1 from now until April 30 2018. You can get $50 for opening up a Tangerine account (minimum fund is $100) and I will get $50 too (thanks!)! Usually, the promotion is just $25.
RRSP, TFSA, and non-registered investments: $255,100 (+1.0%)
- This is because I contributed some cash to my investments, so this is why it is in the positive territory
- I have a TD e-series RRSP and a Questrade RRSP. If you’re interested in learning how to build your own ETF portfolio or invest through TD e-series index funds, take the Young Money Bootcamp eCourse 🙂
- I max out my RRSP annually, and I have a smaller contribution limit because of my defined benefit pension
- I max out my TFSA annually.
- I signed up for a TFSA in 2009 with Questrade (a self-directed account) and have been using this since then
- If you are interested in signing up for a Questrade account (referral alert!) (no fee for registered accounts, free to purchase ETFs, you can get $50 in free trades if you sign up below)
HOME: $495,000 (0%)
- This is the municipality assessed value.
- I 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). Apparently, a 1 Bedroom can be rented for $2000 a month now (average price in Vancouver), crazy!
CAR: $13,900 (0.0%)
- I updated this annually with the Canadian Black Book price and will update it again July 2018 (annually)
- 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 depreciate once you drive it off the lot!
Credit Cards: $430
- I pay off my full amount every month
- I have redeemed $660 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 we use the PC Financial MasterCard which we redeemed $470 in groceries for 2017
Mortgage: $101,500 (-0.7%)
- 5 Figures… soon!!
Readers, how did you do with your update this month?