So this month, I am just barely squeaking by in positive territory, up by 0.15%. As the net worth grows, the increases are not as impressive (0.15%?? which equates to just over $900) but given that it’s still in the positive direction and forward momentum, I’ll take it.
To be honest, I think I didn’t do too badly considered my investment portfolio has taken a big hit this month (biggest hit of the year so far), with almost a 3% decrease from last month. My Year to Date investment return is just above 5%. Also, I inputted the depreciated value of my car this month which decreased the car’s value by over $1500.
I am officially off work now and have yet to meet our new baby so hopefully I can get some work done on this new blog before baby comes!
This month, my dividend income for the month was just around $850, which is the highest so far in 2017 (yay!). 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 buying to be done.
This month my major purchase was $140 for six months of contact lens and $80 for dog food. Not very exciting, I know! Even though it wasn’t a shopping ban month I didn’t really buy much, except for I treated myself to an ice cream bar from Purdy’s (which is now $4.40 and it used to be under $2 a bar back in the days, thanks to inflation) and a coffee.
My Goal Progress:
I have over $379,000 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 have an over five year time frame for this, not trying to disclose my exact age or anything haha. Not entirely unachievable, I hope!
Okay, so here’s the breakdown for July 2017: $620,800 (+$960)
CASH: $76,300 (+5.1%)
- I added up my chequing and savings accounts.
- I will be moving money into my investing portfolio once I run out of cash there
Non-Registered: $83,260 (-1.6%)
- 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: $72,900 (-4.4%)
- Again, big hit!
I max out my RRSP annually, and I have a smaller contribution limit because of my defined benefit pension
TFSA: $68,400 (-2.2%)
- 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 (-11%)
- 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: $622
- 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: $108,350 (-1.4%)
- 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?