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
- 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:
Dang boy you doing so good!! Okay you have beat me and I don’t think I can catch up from here haha!!
Thanks. My income has been pretty good these last few years. But I think my savings will drop once I start a family in the future. I like how your baby has his own net worth. It’s good to start the compounding process early.
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,
I used to be a fan of cryptocurrencies. But have lost some interest when it stopped going up lol.
It seems based on some more recent news, your cryptocurrency departure was timely 😉
Yeah I feel like I dodged a bullet there, haha.
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
I got a 5 year closed mortgage, variable rate at 2.62% (prime – 0.83%) from National Bank. It was the cheapest I could find. 🙂
$300 CAD as your monthly food allowance, eh? You weigh exactly 76 pounds lul.
One benefit of my job is the employer provides breakfast, snacks, and sometimes dinner to us. Due to this subsidy I don’t have to spend too much on food. Last month I spent about $200 on groceries and $100 on eating out. There are also free food events every week in my city.
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.
The LL page is kind of misleading. I would also prefer if they gave more information and updates about the defaulted loans, and what amount they can expect to recover, if any.
[…] in the past. I bought some Bitcoin and Ethereum in 2017, but decided to sell it all by mid 2018 because I had decided a bear market was coming and I wanted to lock in my 300% profits. 🙂 […]