The year is almost over! Can’t believe it. This update is brought to you by 100% kona coffee in Hawaii lol (I’m wired!). If you want to see what else I spent in terms of eating out in Hawaii so far, have a look at this post.
My YTD return for my investment portfolio is just above 12% which is astounding for me. The snowball is starting to roll and get bigger. The S&P/TSX Composite index is up 4.9% YTD and the S&P500 YTD is 18.00%.
One of my 2017 personal finance goals is to have $6000 dividend income annually. My forward annual yield is $6000 and I will show you the break down next week in my dividend income update. 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)!
Some notes for each net worth update. I don’t include baby GYM’s RESP net worth in my numbers. I do share his RESP number just to keep track of how he does month to month.
I partook (is that a word?) in Black Friday, I thought “when in Rome” since I rarely am in the United States during Black Friday. I think the last time was 2009 when I was in New York for my cousin’s wedding. I ended up buying a light grey Marc Jacobs messenger purse at Nordstrom Rack ($100) and a pair of Cole Haan ankle boots ($50). The last time I bought a purse was about 4 years ago, it was a Roots leather purse. I’m planning to get rid of the Roots purse and sell it on Craigslist or Letgo I have to coincide with the “one thing in one thing out” idealistic rule that I have.
I also got a haircut for $35 in Hawaii. My hair was so long and it was falling out (TMI sorry, seriously post partum hair loss is not nice at all) so I got my hair cut and it feels much lighter now though it’s still seems to be falling out. My friend who stayed with us for a few days in Hawaii said the bathroom looked like QUOTE: “a scene from The Ring”, (you can imagine how much I am shedding) even though I vacuumed every two days, I was still shedding!
My Goal Progress:
I have over $344,000 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. Not entirely unachievable, I hope!
I joined the Rockstar Finance Directory, check out my progress, converted to US dollars, there!
Baby GYM’s Networth: $17,135 (+0.2%)
We set up an RESP for Baby GYM but it’s mainly in cash right now. He went up a whopping $35 compared to last month. Not too shabby considering all he does is eat, sleep, and poop all day right now!
Okay, so here’s the breakdown for December 2017: $655,800 (+$7020) (+1.1%)
CASH: $84,700 (-4.8%)
- This is down because I transferred some money into my non-registered account.
- 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 January 31 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.
Non-Registered: $96,280 (+9.9%)
- This is up mainly because I transferred money from cash
- These are stocks that capture the “moment in time”, including unrealized gains and losses
RRSP and TFSA: $150,840 (+0.7%)
- 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, and it is over $70,000 right now, 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
- 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: $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). Apparently a 1 Bedroom can be rented for $2000 a month now (average price in Vancouver), crazy! I’ll have a post on this soon.
CAR: $13,900 (0.0%)
- I updated it for 2016-2017 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: $140
- 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: $102,900 (-1.1%)
- I pay an extra mortgage payment a month- I am going to stop this starting from now as I need cash and liquidity.
- I was planning to stop the extra mortgage payment but somehow it got deducted anyway so next month I will stop the extra mortgage payment.
Readers, how did you do with your update this month?
Did you buy anything during Black Friday?