Sep 042018
 

We are now officially in the longest bull market in history. Hurray! ūüėÄ 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‚Äôs 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: (őĒMoM)

  • 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. 

Continue reading »

Aug 072018
 

Apple recently became the first US company to surpass $1 trillion in market value, wowzers! ūüėÄ It’s hard to imagine that merely 2 decades ago the company was on the verge of bankruptcy. But then Steve Jobs came back as CEO and turned the whole company around. I didn’t have the foresight to buy Apple stocks in 1998 when it was less than $1/share. Amazon and Alphabet (Google) shares are probably next in line to breach the trillion dollar milestone.

We’re living in a digital world where technology companies today have become like utility companies in the past. I have owned all 3 for many years now and will continue to add more tech stocks to my portfolio over time. A devastating tech crash like in 2000 shouldn’t happen again because the big companies today actually have sales and profits to backup their market value. ūüôā The only major risk, albeit not very likely, is a prolonged, global internet blackout or some other technological black swan event.

As North American stock markets climbed in July so did my investments.

Liquid’s Financial Update

*Total Income: = $7,500

  • Full time job = $4000
  • Part time job =¬†$1100
  • Freelance = $600
  • Dividends =¬†$900
  • Interest = $900
*Total Spending: = $4,300
  • Food = $300
  • Housing = $1200
  • Utilities = $100
  • Miscellaneous =¬†$1800
  • Additional Debt Interest = $900

*Net Worth: (őĒMoM)

  • Assets:¬†= $1,228,900 total¬†(+6,400)
  • Cash = $11,600¬†(+1100)
  • Canadian¬†stocks¬†= $173,000¬†(-600)
  • U.S. stocks = $121,500¬†(+3700)
  • U.K. stocks = $21,900¬†(-300)
  • Retirement = $115,000¬†(+1800)
  • Mortgage Funds = $33,900¬†(+600)
  • P2P Lending = $32,000¬†(+100)
  • Home = $275,000
  • Farms = $445,000
  • Debts: =¬†$430,000 total¬†(-3,400)
  • Mortgage = $192,000 (-500)
  • Farm Loans = $182,400¬†(-500)
  • Margin Loans = $50,100 (-900)
  • TD Line of Credit = $1,500¬†(-500)
  • CIBC Line of Credit = $4,000¬†(-1000)

*Total Net Worth = $798,900 (+$9,800 / +1.2%)
All numbers are in $CDN. 

 

Continue reading »

Jul 102018
 

I transferred my pension from my previous employer to my personal investment account. The amount is about $20,000, which I currently hold in my TD RRSP as cash. This money exists because I saved 4% of my income and put it towards the company RRSP group plan for 7 years. It’s not a huge amount of money but if I invest all of it into something that can generate 5% return per year, I would earn $1,000 of tax deferred passive income without touching the principal. ūüôā I also have a¬†Deferred Profit Sharing Plan (DPSP) that is awaiting to get paid out as well. But I’m not sure when I will receive that yet. It’s not as much as the RRSP amount though.

Liquid’s Financial Update

*Total Income: = $7,300

  • Full time job = $4000
  • Part time job =¬†$1400
  • Freelance = $500
  • Dividends =¬†$1000
  • Interest = $400
*Total Spending: = $3,600
  • Food = $300
  • Housing = $1200
  • Utilities = $100
  • Miscellaneous =¬†$1100
  • Additional Debt Interest = $900

*Net Worth: (őĒMoM)

  • Assets:¬†= $1,222,500 total¬†(+17,500)
  • Cash = $10,500¬†(-2000)
  • Canadian¬†stocks¬†= $173,600¬†(-1500)
  • U.S. stocks = $117,800¬†(-1700)
  • U.K. stocks = $22,200¬†(-200)
  • Retirement = $113,200¬†(+21,900)
  • Mortgage Funds = $33,300¬†(+700)
  • P2P Lending = $31,900¬†(+300)
  • Home = $275,000
  • Farms = $445,000
  • Debts: =¬†$433,400 total¬†(-2,500)
  • Mortgage = $192,500
  • Farm Loans = $182,900¬†(-500)
  • Margin Loans = $51,000
  • TD Line of Credit = $2,000¬†(-1000)
  • CIBC Line of Credit = $5,000¬†(-1000)

*Total Net Worth = $789,100 (+$20,000 / +2.6%)
All numbers are in $CDN. 

I will be looking at how to invest the extra $20K. Maybe I will buy some U.S. dividend stocks. The Bank of Canada is also expected to raise interest rates later this week. It’s about time.¬†If the cost to borrow money remains at current levels then in 5 years from now home prices in large cities would likely be 25% higher than today. Higher interest rates will help keep inflation tame so home prices don’t climb too much.

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Random Useless Fact:

It’s hard for attractive nurses to take accurate pulse readings.

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. ūüôā

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: (őĒMoM)

  • 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. ūüôā 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:

May 072018
 

Farmland prices still on the rise

A new report from Farm Credit Canada indicates that local land values around my farmland have grown by 2% last year. So in this fiscal update I will be increasing the value of my farmland by 2%. This will add $9,000 to my net worth. Cool beans! ūüėÄ

Farmland across the rest of the country actually performed much better. The national price rose 8.4% last year, which is higher than the 7.9% growth in 2016.

Overall, my wealth has grown by $15,900 for the month of April, mostly thanks to higher farmland prices in Saskatchewan. So far this year my net worth is up $44,800 because from January to April I’ve had a string of good luck with my finances. But the rest of the year could be different. The popular saying, “Sell in May and go away,” could very well be true this year.

Liquid’s Financial Update

*Total Income: = $5,900

  • Old Amazon job = $300
  • New full time job = $1,200
  • Ongoing part time job =¬†$500
  • Sold cryptocurrencies = $1800
  • Freelance = $500
  • Dividends =¬†$1000
  • Interest = $600
*Total Spending: = $3,300
  • Food = $500
  • Housing = $1100
  • Utilities = $100
  • Miscellaneous =¬†$700
  • Additional Debt Interest = $900

*Net Worth: (őĒMoM)

  • Assets:¬†= $1,186,600 total¬†(+12,500)
  • Cash = $7,700¬†(+1100)
  • Canadian¬†stocks¬†= $170,200¬†(+1900)
  • U.S. stocks = $113,800¬†(-500)
  • U.K. stocks = $22,000¬†(+600)
  • Retirement = $89,100¬†(-200)
  • Mortgage Funds = $32,500¬†(+300)
  • P2P Lending = $31,300¬†(+300)
  • Home = $275,000
  • Farms = $445,000 (+9000)
  • Debts: =¬†$444,200 total¬†(-3,400)
  • Mortgage = $179,000¬†(-400)
  • Farm Loans = $183,900¬†(-400)
  • Margin Loans = $52,000¬†(-1100)
  • TD Line of Credit = $4,000 (-100)
  • CIBC Line of Credit = $10,500¬†(-1500)
  • HELOC = $14,800 (+100)

*Total Net Worth = $742,400 (+$15,900 / +2.2%)
All numbers above are in $CDN. 

 

I’m in the middle of switching banks to renew my mortgage. I’m currently paying over 3% for my mortgage. I think I can get it down to below 2.75%. This would allow me to save thousands of dollars over time. Fingers crossed. ūüôā

 

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Random Useless Fact:

I feel like I’m the only one who haven’t seen Infinity War yet.