When the Toronto stock exchange dropped 8% in the first 2 weeks of December I thought 2014 was going to end on a down month. But fortunately confidence came back to the market and investors pushed stocks back up. In the end it was a pretty flat month with minor gains in some sectors. 🙂 Had the TSX stayed down at 8% below November’s close, my net worth would be down $13K right now instead of actually being up by $3,300 for the month. Phew. 😎
- Part-Time Work = $700
- Dividends = $500
- Fun = $200
- Debt Interest = $1500
*Net Worth: (MoM)
- Assets: = $837,400 total (+1,700)
- Cash = $2,800 (+800)
- Stocks CDN =$87,900 (+500)
- Stocks US = $53,300 (-500)
- RRSP = $51,400 (+900)
- MICs = $15,000 (same)
- Home = $254,000 (same)
- Farms = $373,000 (same)
- Debts: = $517,800 total (-1,600)
- Mortgage = $195,700 (-300)
- Farm Loans = $203,500 (-400)
- Margin Loan CDN = $26,900 (-300)
- Margin Loan US = $25,100 (+700)
- TD Line of Credit = $30,000 (-400)
- CIBC Line of Credit = $10,400 (-400)
- HELOC = $18,200 (same)
- RRSP Loans = $8,000 (-500)
*Total Net Worth = $319,600 (+1.0%)
All numbers above are in $CDN. Conversion rate used: 1.00 USD = 1.18 CAD
Overall it’s been a terrific year. I’m almost worth $320K now. Yay! Here’s a comparison to last year.
|Dec 2014||Dec 2013|
So that’s a six figure annual increase. Not too shabby. It’s actually the best year for me so far. 😀 Most of this wealth surge in 2014 was due to the continuing increase of asset prices. About 5 years ago I went on a mission to build up my financial assets. By the beginning of 2014 I had accumulated about $750K of gross assets. Most of that amount is financed by long term bank loans.
I’m a big believer in the profitability of the financial markets so I often blog about new stocks I’m buying. 🙂 A couple of years ago I shared my experience about buying a farm and how to purchase one. I also wrote about the real estate market and how to invest in someone else’s mortgage.
The overall North American stock markets were up about 10% in 2014. My other investments also returned about 10% on average.
10% of a $750K portfolio is $75,000, which represents the bulk amount of my net worth increase in 2014. 😀 $75K is even more than my gross annual income. The best part is I’m now able to start this new year in 2015 with even more assets than before, over $800K. Hurray for owning productive financial assets that earn perpetual dividends! The remaining part of my net worth increase came from paying down debt, side hustling, and savings.
I started buying stocks $1,000 at a time back in 2010. I still have the first few stocks that I purchased like Enbridge and Rogers. Today they are worth a lot more. In 2011 I increased my stock portfolio to over $50K with the help of borrowed money. I had over $100K in stocks by the end of 2012. Investing doesn’t have to start with a lot of money. It just has to start somewhere. 🙂 Sometimes things aren’t clear right away. That’s why we have to be patient and persevere and see where things lead. It’s not always easy. But it is worth it. 😉
Random Useless Fact:
Apparently women find salad hilarious.