Jun 052018
 

May was another spectacular month for the stock market! I managed to earn money from 6 different sources over the month, combined to make over $10,000 in after tax income. Most of this income came from my farmland and cryptocurrency investment. More on this further in the post. I didn’t invest in new stocks in May. But my portfolio continues to climb thanks to my position in high quality stocks. 🙂

I also successfully renewed my mortgage in May with a different lender. I have combined my old mortgage and home equity LOC into a single mortgage balance with an overall cheaper rate. It pays to shop around.

Liquid’s Financial Update

*Total Income: = $14,900

  • Full time job = $4,000
  • Part time job = $700
  • Sold Cryptocurrencies = $4,200
  • Dividends = $700
  • Interest = $600
  • Rent = $4,700
*Total Spending: = $4,600
  • Food = $300
  • Housing = $1100
  • Utilities = $100
  • Miscellaneous = $700
  • Auto Insurance = $1,500
  • Additional Debt Interest = $900

*Net Worth: (ΔMoM)

  • Assets: = $1,205,000 total (+18,400)
  • Cash = $12,500 (+4800)
  • Canadian stocks = $175,100 (+4900)
  • U.S. stocks = $119,500 (+5700)
  • U.K. stocks = $22,400 (+400)
  • Retirement = $91,300 (+2200)
  • Mortgage Funds = $32,600 (+100)
  • P2P Lending = $31,600 (+300)
  • Home = $275,000
  • Farms = $445,000
  • Debts: = $435,900 total (-8,300)
  • Mortgage = $192,500 (+13500)
  • Farm Loans = $183,400 (-500)
  • Margin Loans = $51,000 (-1000)
  • TD Line of Credit = $3,000 (-1000)
  • CIBC Line of Credit = $6,000 (-4500)
  • HELOC = $0 (-14800)

*Total Net Worth = $769,100 (+$26,700 / +3.6%)
All numbers above are in $CDN. 

 

Cryptocurrency Update

I have decided the sell the remaining cryptocurrency I have with QuadrigaCX. The reason is because the crypto market is not as exciting as it once was. Last month Bitcoin’s price dropped below $8,000 hitting a 35 day low. The mainstream isn’t talking about it anymore. I’ve made some decent profit from getting into Bitcoin and Ethereum about a year ago, but I don’t want to push my luck. So I have sold all of my holdings. Here’s what my account balance looks like today. Only trace amounts remain.

I didn’t make a large fortune in the crypto market like some other people, but I’m happy with my gains. 🙂 Maybe I will return to cryptocurrencies in the future so I will not close my QCX account. But for now I’d like to use my resources to invest in other asset types.

 

 

 

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Random Useless Fact:

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GYM
Guest

Dang boy you doing so good!! Okay you have beat me and I don’t think I can catch up from here haha!!

S Arun
Guest

Hey Liquid,

It is an amazing month for you. You made a good decision to combine your HELOC and mortgage. I am thinking to do the same for my mortgage. I am not a big fan of Cryptocurrency, glad you made some profits from it.

Best Regards,

Phil
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Phil

It seems based on some more recent news, your cryptocurrency departure was timely 😉

FI3000
Guest

Hey Liquid I have a few mortgages coming up shortly. I was just wondering what rate/term you were able to get and who offered the best rates.

Thanks,
FI3000

FudgingDaNums
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FudgingDaNums

$300 CAD as your monthly food allowance, eh? You weigh exactly 76 pounds lul.

Devin
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Devin

I’m not a fan of the Lending loop financial summary popup. “Defaulted Principal” is always zero even though I have like 15+ notes currently in default. I wish it was an active amount that went up when you had a note go delinquent and then go down when that note got back on track, so it didn’t give you a potentially false “Lifetime earnings”

When adjusting your lending loop, I’d suggest clicking your note portfolio and adding up the defaulted column and assuming they are written off, and subtract it from “lifetime earnings” when reporting value.