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. 

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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. 🙂 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: (ΔMoM)

  • 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. 🙂

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: (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:

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! 😀

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: (ΔMoM)

  • 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. 🙂

 

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Random Useless Fact:

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

 

Apr 032018
 

The stock market is starting to show signs of weakening. It fell in March. And my net worth would have dropped with it. But luckily my severance package came to the rescue. 😀

Job Update

As explained in my previous monthly update, I was laid off in February from my full time job. The company was restructuring and let go more than a quarter of its workforce. Fortunately I received a large severance package from the company worth about $10,500. 😮 Hurray! I deposited the money into my bank account in March and paid down some debts. Thanks to this major windfall my total monthly income was nearly $15K, higher than any previous month! 😀

After the lay off I accepted a new job offer at a different company and started receiving biweekly paychecks again. Here’s an example of my earnings from this new job. I’ve blacked out some private information for security reasons.

As good as this job may be I’ve decided to look for better opportunities elsewhere. So earlier in March I talked to my manager and gave my 2 weeks notice to resign from my position. I like the people there, and have gained a lot of useful experiences. But working there isn’t the best use of my time so I will be applying at other companies now. 🙂

Income Situation

Other than a full time wage I also earned income from my part time job and freelancing in March. In terms of passive income I received $510 from my solarshare bonds. This investment only pays twice a year, not monthly.

Here’s a look at my most recent TD bank transactions. I received $167.94 from my part time job, and $802.93 from my full time job – as presented earlier. I’ve blurred out both names of my employers. 

At the end of the month I transfered $700 to my CIBC bank account to help make my next mortgage payment. Overall March was a terrific month, mostly thanks to a huge payout from my ex-employer. I never thought losing my job could be so helpful for growing my net worth. 🙂 Maybe I should get laid off more often, lol. Just kidding. 😛

The first rule of financial sustainability is to make more money than you spend. My part time job and other side incomes bring in about $2,500 per month. This means I only need to make an additional $500 to $1,000 per month to break even with my budget. Going forward this can be done either by finding a full time job, or by working harder on my side hustles. In any case, my financial statement for March is below.

 

Liquid’s Financial Update

*Total Income: = $14,900

  • Severance package from old job = $10,500
  • New full time job = $1,300
  • Ongoing part time job = $700
  • Freelance = $600
  • Dividends = $900
  • Interest = $400
  • Solarshare bond payment = $500
*Total Spending: = $3,200
  • Food = $400
  • Housing = $1100
  • Utilities = $100
  • Miscellaneous = $500
  • Additional Debt Interest = $1000

*Net Worth: (ΔMoM)

  • Assets: = $1,174,100 total (+5,300)
  • Cash = $6,600 (+5800)
  • Canadian stocks = $168,300 (+300)
  • U.S. stocks = $114,300 (-1300)
  • U.K. stocks = $21,400 (+300)
  • Retirement = $89,300 (+100)
  • Mortgage Funds = $32,200 (-200)
  • P2P Lending = $31,000 (+300)
  • Home = $275,000
  • Farms = $436,000
  • Debts: = $448,600 total (-4,900)
  • Mortgage = $179,400 (-400)
  • Farm Loans = $184,300 (-500)
  • Margin Loans = $53,100 (-2100)
  • TD Line of Credit = $4,100  (+100)
  • CIBC Line of Credit = $13,000 (-2000)
  • HELOC = $14,700

*Total Net Worth = $725,500 (+$10,200 / +1.4%)
All numbers above are in $CDN. 

 

So far April is not looking good for my investments. The stock market is down and some analysts predict this is the beginning of a new bear market. Without a secure full time job my net worth could drop this month, which it hasn’t done in years. But I’m optimistic that things will work themselves out. 🙂 We shall see what happens.

 

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Random Useless Fact