Jul 012019
 

Happy Canada Day! Since the beginning of the year my net worth has climbed by $172,000. 🙂 I have read many books and online articles on how to get rich. But I didn’t expect implementing those strategies I learned would be so effective. The whole idea of buying undervalued assets and holding them for many years really does work!

Speaking of buying assets, last month I purchased 2 new U.S. based stocks in my RRSP. I bought 50 shares of Advanced Micro Devices (AMD) for $29.20 US per share. I think this makes an excellent holding along with my existing Intel (INTC) shares which was purchased years ago. I also picked up 15 shares of Alibaba Group (BABA) at $154.59 US each. This is known as the Amazon.com of China, but it does a lot more than e-commerce. Alibaba also operates subsidiaries such as TaoBao, Alipay, TMall, Ant Financial, Alibaba Pictures, and others.

These 2 stocks have increased my foreign equities holding. My asset allocation now looks like this.

Eventually I would like my Foreign stocks to expand to 15% of my portfolio. I want to also reduce my farmland exposure to just 25% or less.

Liquid’s Financial Update

*Side Incomes: = $2,900

  • Part time job =$800
  • Freelance = $500
  • Dividends =$900
  • Interest = $700

*Discretionary Spending: = $2,200

  • Food = $400
  • Miscellaneous = $400
  • Interest expense = $1300

*Net Worth: (ΔMoM)

  • Total Assets: = $1,353,000 (+17,800)
  • Cash = $7,500 (+4900)
  • Canadian stocks = $176,600 (+5500)
  • U.S. stocks = $130,800 (+5400)
  • U.K. stocks = $21,700 (-100)
  • Retirement = $133,000 (+1700)
  • Mortgage Funds = $36,000 (+100)
  • P2P Lending = $35,400 (+300)
  • Home = $367,000 (assessed land value)
  • Farms = $445,000
  • Total Debts: = $388,400 (-4,000)
  • Mortgage = $187,700 (-300)
  • Farm Loans = $164,200 (-1500)
  • Margin Loans = $36,500 (-2200)

*Total Net Worth = $964,600 (+$21,800 / +2.3%)
All numbers are in $CDN at 0.76/USD

 

After a stalled month in may, my net worth continued to climb in June thanks to strong stock market gains and higher precious metals prices. I also got a large bonus from work so that’s always nice. 🙂 My goal is to hit $1,000,000 net worth by the end of August. 🙂

 

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Edwin SierraSajeed S AhmedLiquid IndependenceJC PIPAlW Recent comment authors
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AlW
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AlW

Good work liquid! Was just checking mine out on the weekend I’m at $1,457,664. A 33% increase from midway in 2018 (+ $365,267). I think I’ve got to hit $3-4M to retire, so it looks like at least another 5-8 years of working!

JC PIP
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Awesome stuff Liquid! Quickly approaching that $1 M mark. We’re still a good ways away from it, but we’re steadily making progress and passed $600k net worth for the first time in June and depending on how the markets behave in July we might be able to crack $800 in assets. So the plan is working!

Sajeed S Ahmed
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Sajeed S Ahmed

Could you recommend some of the books you thought were most helpful? Thanks

Edwin Sierra
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Edwin Sierra

Hey liquid! I’ve been following you’re progress for years. I particularly enjoy your income/spending and you net worth graphs.

Question! Toward the beginning of your blog you got a lot of flak for your debt levels compared to your assets but it’s seems like you been more conservative on that front the last few years where before you had about 3/4 debt to you assets not it seems you have less than a 1/3. At what point will you begin to seek out cheap fixed debt like in rental properties for example? Or are you trying to get to zero debt and grow on your own back on a cash basis?

Thanks!