Apr 042015

The overall stock market in March dropped a little bit. It appears growth has stalled in Canada due to continuing low oil prices. But thanks to my side incomes I ended the month with a slightly more positive net worth. 🙂 Side hustles are important during tough economic times because if I lose my full time job at least I’ll have a financial cushion to fall back on. One of the more popular forms of making extra income is through online surveys. They don’t take too much time and you even get free products to review sometimes.

Emerging countries have been growing their economies faster than Canada or the U.S. in recent times. One way to profit from this trend is to invest directly in the currencies of those countries. The value of the Chinese currency, for example, should make people in North America pay attention. But instead, too many of us just yuan. 😀

Back in late 2013 I wrote an article about how I had invested in China’s currency, the RMB. I mentioned I would keep everyone posted. So today I’ll give you guys an update. 🙂 Back then I purchased ¥5,000 for $900 CAD. Today, my ¥5,000 is worth $1015 CAD if I convert it back into Canadian currency. It appears my instincts were correct. Wahoo! 😀 I made 12.7% return in 15 months. It’s not a lot of money. But every little bit helps to reach early retirement.

*March Side Income:

  • Part-Time Work = $600
  • Dividends = $500
  • Selling Options = $200
*Discretionary Spending:
  • Fun = $300
  • Debt Interest = $1500

*Net Worth: (MoM)15-04-networth-update-beyond-borders

  • Assets: = $855,400 total (+800)
  • Cash = $3,500 (-500)
  • Stocks CDN =$93,500 (+2600)
  • Stocks US = $58,700 (-400)
  • RRSP = $52,700 (-900)
  • MICs = $15,000
  • Home = $259,000
  • Farms = $373,000
  • Debts: = $515,100 total (+500)
  • Mortgage = $194,600 (-400)
  • Farm Loans = $202,100 (-500)
  • Margin Loan CDN = $29,200 (+2400)
  • Margin Loan US = $25,900 (+100)
  • TD Line of Credit = $29,000  (-500)
  • CIBC Line of Credit = $10,000
  • HELOC = $18,200
  • RRSP Loans = $6,100 (-600)

*Total Net Worth = $340,300 (+$300 / +0.1%)
All numbers above are in $CDN. Conversion rate used: 1.00 CAD = 0.79 USD

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Mar 302013

Happy Easter folks 😀 It’s one of my favorite holidays because every year my boss would hide Easter eggs around the office for everyone else to find. I found 2 this year :0)

Cost of Education
13_03_tuitionSo many of my friends both in real life and on the internet are either having, or talking about having children. I don’t see myself having kids for at least another 5 to 10 years, if at all, lol. But a big factor in making big life decisions is money. According to a new study by the Canadian bank BMO, kids born in 2013 could pay $140,000, which includes tuition, food, and housing costs for a 4 year university degree. While inflation was only 1.3% in 2012, tuition fees increased 4.3%. I work part time at a local college and just got a 4% raise last year. So now I know where that extra money came from (^_-) Now I’m torn. I don’t want education to be so expensive, but at the same time I don’t mind getting raises. In any case, to make the best out of the situation I’ve been saving all my raises from my school job and putting them into an educational fund for my possible future children 😀

Back in the Black (Berry)
ht_blackberry_z10_q10__ll_130130_wgBlackberry, which used to be called Research in Motion, made a small 94 million profit on $2.7 billion in sales in their recent quarter. Not bad considering they were losing money last year. Their new z10 phones are doing better than expected. I’m waiting to see how the Q10 will
be received by consumers later this year because that’s the one with the physical qwerty keyboard 🙂 I bought some Blackberry stocks last year around $25/share. Needless to say the company has not done well since then trading at just $15/share now, but maybe they could make a come back. Putting all my eggs in one basket is risky, so that’s why I have Apple and Google stocks as well, the other players in the smartphone market 😀

Blog roundup – Personal finance and other interesting articles from around the web
Myfijourney evaluates Microsoft stock. I’ve been looking at buying some MSFT too
Lifeandmyfinances describes what Savings Bonds are