Sep 042018
 

We are now officially in the longest bull market in history. Hurray! 😀 Generally speaking a bull market begins when the market rises 20% from the end of a bear market. The last low set by the benchmark S&P 500 index in the U.S. was on March 9, 2009. It’s been 3,465 days of fairly steady growth since then, with the stock index climbing by more than 320% over that period. The previous record bull run was set between Oct. 1990 and March 2000 where the S&P 500 gained 418% between those 9.5 years!

Liquid’s Financial Update

*Total Income: = $6,000

  • Full time job = $3000
  • Part time job = $1100
  • Freelance = $500
  • Dividends = $900
  • Interest = $500
*Total Spending: = $3,500
  • Food = $300
  • Housing = $1200
  • Utilities = $100
  • Miscellaneous = $1000
  • Additional Debt Interest = $900

*Net Worth: (ΔMoM)

  • Assets: = $1,238,600 total (+9,700)
  • Cash = $11,200 (-400)
  • Canadian stocks = $177,800 (+4800)
  • U.S. stocks = $126,000 (+4500)
  • U.K. stocks = $21,600 (-300)
  • Retirement = $115,800 (+800)
  • Mortgage Funds = $33,900 (0)
  • P2P Lending = $32,300 (+300)
  • Home = $275,000
  • Farms = $445,000
  • Debts: = $426,400 total (-3,600)
  • Mortgage = $191,600 (-400)
  • Farm Loans = $181,900 (-500)
  • Margin Loans = $49,900 (-200)
  • TD Line of Credit = $0 (-1500)
  • CIBC Line of Credit = $3,000 (-1000)

*Total Net Worth = $812,200 (+$13,300 / +1.7%)
All numbers are in $CDN. 

What a fantastic time to be a millennial. Many generation Y investors like myself began our investment journeys during the best bull market cycle in history. 🙂 Continuing the trend, August was another positive month with the stock markets rising about 2%. My total TFSA portfolio climbed to $101K for the first time.

Canada’s GDP growth soared to 2.9% in the second quarter – with exports hitting a 4 year high. Many businesses are expanding and the future looks bright. 🙂 But at the same time it’s hard to know how much longer the bull market will last. Stock markets have the proclivity to go up over time, but it is not in a straight line. Eventually the next bear market will start and times will get tough. But remember that opportunity is often greatest when times are challenging.

So my current strategy is to maintain credit lines of at least $100,000 in available funds. I will use this liquidity to buy oversold cyclical stocks in the next market downturn. But in the meantime use cash savings to add more defensive stocks to my portfolio, such as major Canadian banks, real estate companies, and utilities.

 

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Random Useless Fact:

Not that long ago all humans had brown eyes.

 

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Financial Orchid
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How’s the sale ability on the farm? It’s a big chunk of the asset.
Congrats on another month of killin it!
What do u do for freelance and part time?

RICARDO
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RICARDO

I wonder if your opening sentence is just a bunch of bull.

RICARDO

Dude
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Dude

Thank god for low interest rates.

Brett
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Brett

Haters are gonna hate. I started my portfolio at 20 and I’m now 38. I didn’t take on much leverage and that’s probably a good thing based on the 08-09 crisis as I likely would have managed it incorrectly. I’ll be financially free as soon as I sell my real estate in Toronto which will be in the next 12-18 months.

When you start a journey like this no one around you gets it. But when you’re close to the end everyone is wishing they were as intelligent as you are.

Good work.

Dude
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Dude

“Intelligent” huh?

So it was YOU who orchestrated this longest-ever bull market? 🤣🤣🤣🤣

You’re right, some people just don’t get it.

jukka
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jukka

LOL! What longest bull market? Europe’s bull market started 2016 January. Same thing for EM.

SmokingIsCool
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SmokingIsCool

“Longest Bull market EVER”… is all based on how you frame it. In my opinion, this doesn’t mean anything because what that bull market is based on in a pure definition basis with a 20% line drawn in the sand fits this narrative. What about in 2011 when there was a 19.39% drop?

http://theirrelevantinvestor.com/2017/02/15/the-bear-market-that-nobody-talks-about/