Apr 012013
 

As per readers’ feedback from the previous month’s fiscal update I’ve decided to convert the value of all my USD assets into Canadian dollars when I calculate my net worth. By factoring in the exchange rate I hope to have a more accurate picture of my net worth 😀 Luckily the $USD is worth more than $CAD, so my US stock portfolio should be pretty happy about that 😉

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*Side Income:

chart_mar13

  • Part-Time Work = $1,100
  • Dividends = $300

*Discretionary Spending:

*Net Worth: (MoM)

  • Assets: = $550,000 total (+$12,000)
  • Cash = $2,200 (+$500)
  • Stocks CDN = $75,100 (+$2,700)
  • Stocks US = $38,800 (+$8,300)
  • RRSP = $31,900 (+$500)
  • Home = $252,000 (same)
  • Farm = $150,000 (same)
  • Liabilities: = $389,100 total (+6,700)
  • Mortgage = $203,500 (-$300)
  • Farm Loan = $111,100 (-$300)
  • Margin Loan CDN = $22,500 (+$3,700)
  • Margin Loan US = $23,000 (+$4,500)
  • Line of Credit = $19,000  (-900)
  • Line of Credit CIBC = $10,000 (same)

*Total Net Worth = $160,900 (+3.4%)
All numbers above are in CAD. Conversion rate used: 1.00 USD = 1.02 CAD

March was a pretty good month overall as my wealth increased by a little more than $5K. I big part of this gain is thanks to the robust US stock market which is on a roll. My US portfolio saw a natural appreciation over 3% this month which is in line with the Dow and S&P indices, plus it also got a nice 2% gain from the conversion rate. I also purchased some additional Canadian and US stocks. I have a feeling I’ll see an even bigger net worth increase next month as the FCC will release their national farmland assessments and I can update my farm’s value in the asset column. All the investments I’ve accumulated over the last 4 years finally feel like they’re starting to pay off now 😀 And I will continue this process of taking the profits generated by my assets to make even bigger investments until one day I can leave the rat race forever 🙂 So far so good.

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22 Comments on "Fiscal Update – March 2013 – One Currency"

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My Financial Independence Journey
Guest

Looking good! So long as the stock market doesn’t tank, I think your net worth will be moving nicely upwards.

Johnny ca$h
Guest

Nice job Liquid. You are on a roll!

Vicky
Guest

Nice work! I like how you splurge on gold! 😛

I personally just count my US as par with my CDN in regards to my investment portfolio; not entirely accurate I know, and will consider changing it if the difference in currency increases, but it has been around par for awhile.

janesavers
Guest
janesavers

So you don’t work the farmland? You just invest in farmland?

janesavers
Guest
janesavers

I just read your progress and portfolio .You are currently renting the farm out. Is the land in an area that you expect to be developed in the future or is the farm a place that you expect to settle when you find a girl?

Walt@MyWealthDesire
Guest

Wow, great job and good stats. I love the way you accumulates your assets. More assets means bigger net worth. Good luck.

myownadvisor (@myownadvisor)
Guest

Well done, over half a million in assets. Solid.

RetireInNiagara
Guest

Looks AWESOME !!!

DebtGirl
Guest

You are doing so well,,,,,,!!! You will never be in my shoes! :-))

theoutliermodel
Guest

Looks good!!! You’re doing well. I’m really hoping to build up our investments this year – slow and stead.

STEVEN J. FROMM, ATTORNEY, LL.M. (TAXATION)
Guest

Very nice work. I think the goal is that our portfolios should do well when the market does well. Looks like your portfolio is doing its job.