Dec 052017
 

Yet another month of record highs in the financial markets. I hope everyone had a great November. 🙂  In terms of changes to my balance sheet I’ve added 100 shares of Enbridge stock to my portfolio, creating more passive income for future months. Part of this purchase was financed from a margin loan at 2.3% with IB. Borrowing money at low interest rates to invest in long term appreciating assets was how many people became millionaires in the past.

Liquid’s Financial Update

*Side Incomes:

  • Part-Time = $700
  • Freelance = $800
  • Dividends = $700
  • Interest = $400
*Discretionary Spending:
  • Fun = $400
  • Debt Interest = $1300

*Net Worth: (ΔMoM)

  • Assets: = $1,150,700 total (+14,300)
  • Cash = $8,500 (+700)
  • Canadian stocks = $164,200 (+7300)
  • U.S. stocks = $105,800 (+4000)
  • U.K. stocks = $21,100 (unch)
  • RRSP = $91,100 (+1900)
  • Mortgage Funds = $32,000 (+100)
  • P2P Lending = $22,000 (+300)
  • Home = $270,000
  • Farms = $436,000
  • Debts: = $468,700 total (-2,100)
  • Mortgage = $180,900 (-400)
  • Farm Loans = $186,300 (-500)
  • Margin Loans = $58,900 (+1200)
  • TD Line of Credit = $6,700  (-1300)
  • CIBC Line of Credit = $21,000 (-1000)
  • HELOC = $14,900 (-100)

*Total Net Worth = $682,000 (+$16,400 / +2.2%)
All numbers above are in $CDN. 

I’ve been trying to save enough money over the last few months to invest another $8,000 into my Lending Loop account by the end of the year. I’m also currently looking for a new job to increase my cash flow. We’ll see how that goes. 🙂

 

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Random Useless Fact

At any given time, about 174 quadrillion watts of the sun’s energy is hitting the earth.

 

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15 Comments on "Nov 2017 Fiscal Update"

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Finance Journey
Guest

That’s an awesome gain in a month. Your balance sheet graph looks great as assets continue move higher while debts in downward trends.

Regarding lending loop – it is a new concept after the 2008-2009 financial cries, and nobody knows what will happen during an economic panic moments.
I hope you’ve done enough research already 🙂

Best Regards,

GYM
Guest

What a fantastic month!! I’m cautious on jumping on the Enbridge bandwagon myself. Is the interest from your margin account deductible or is that only if you had a HELOC for Smith Maneuvre?

Dividend Diplomats
Guest

F35 –

Adding $16.4K in one month is no joke, plus – your income seems steady & sound. How has your rate been moving from your margin account? Congrats on crushing net worth targets.

-Lanny

Tom @ Dividends Diversify
Guest

Liquid, Looking very good. Another fine month. Let’s hope our mutual holdings in ENB continue to perform well. Tom

jambr403
Guest
jambr403

Hi Liquid.

I have been enjoying your blog. I also bought SK farmland in 2011 and it has been a stellar investment for me.

There was a good article in the Globe & Mail the other day called “The Cracks in the Enbridge Dividend Story” that’s worth seeking out. Essentially the growth in Enbridge’s debt is equal to the amount they’ve paid out in dividends over the last 10 years. Author of the article is very critical of Enbridge’s management.

Cheers

Dark Markets
Guest
Dark Markets

Also piled into ENB this month and got a nice little gain from the one day +6% pop after they confirmed dividend growth.

I’m very skeptical of their debt levels though. Does it make sense that they would keep adding debt and then paying out dividends? It’s crazy to keep borrowing and then paying out dividends at 5% annually.

Phil
Guest
Phil

Beautiful curve my friend… Awesome when all that you’ve learned culminates into a clear visual of your performance. – Cheers!

Anon
Guest
Anon

Liquid,

I remember reading a post from you some time last year announcing you’ve left your full time job. Are you seeking full time employment again?

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