Nov 052018
 

It was bound to happen sooner or later. October was a bad month for the stock markets. Some of my highest growing stocks in the technology sector such as Facebook, Amazon, Netflix, and Google (Alphabet) or FANG stocks fell into bear market territory, which means they’ve fallen by more than 20% from the top. Here is a look at how much stock indexes lost in the month of October.

  • TSX Composite -7.5% (Canada)
  • Dow Jones -5.9% (USA)
  • S&P 500 -7.9% (USA)
  • NASDAQ -10.7% (USA)
  • ASX 200 -6.0% (Australia)
  • FTSE 100 -5.4% (UK)
  • SSE Composite -6.2% (China)
  • Nikkei 225 -12.4% (Japan)

My investments weren’t able to escape this global stock market correction, and my net worth fell a bit. I hope the next couple of months will make up for it.

 

Liquid’s Financial Update

*Side Incomes: = $7,300

  • Part time job = $600
  • Freelance = $500
  • Dividends = $900
  • Interest = $600
  • Farm rent = $4700
*Discretionary Spending: = $2,100
  • Food = $400
  • Miscellaneous = $500
  • Interest expense = $1200

*Net Worth: (ΔMoM)

  • Assets: = $1,224,200 total (-15,900)
  • Cash = $17,500 (+4700)
  • Canadian stocks = $167,100 (-9700)
  • U.S. stocks = $117,100 (-9,800)
  • U.K. stocks = $20,700 (-900)
  • Retirement = $114,700 (-600)
  • Mortgage Funds = $34,200 (+100)
  • P2P Lending = $32,900 (+300)
  • Home = $275,000
  • Farms = $445,000
  • Debts: = $421,000 total (-2,700)
  • Mortgage = $190,700 (-500)
  • Farm Loans = $180,900 (-600)
  • Margin Loans = $49,400 (-100)
  • CIBC Line of Credit = $0 (-1500)

*Total Net Worth = $803,200 (-$13,200 / -1.6%)
All numbers are in $CDN. 

 

This was the first down month I’ve had in over a year. A few things saved my net worth from dropping further: My farmland paid me some rent. My fixed income all ended the month with positive returns. And despite being invested in the stock market for the past 9 years, stocks only take up about 34% of my assets. This means any changes in the overall stock market will probably affect my net worth by only 1/3rd as much. 🙂

 

 

__________________________________
Random Useless Fact:

Some people say Elon Musk reached puberty in his 30s

Oct 012018
 

2018 is passing by quickly. We are already in the final quarter. 🙂 My stock portfolio’s value dropped a little in September. But I still managed to grow my net worth by half a percent for the month thanks to my multiple income streams. By January 2019 my goal is to have a net worth of $1 million. 🙂

A stock market dip in September is normal – perhaps even expected. Since 1896, when the Dow Jones Industrial Average was created, the Dow has lost an average of 1.03% in September. That compares to an average gain of 0.76% across all other months of the year. The funny thing is the Dow actually climbed higher this September. But it was the S&P/TSX Composite in Canada that dropped 1.8% lol.

Liquid’s Financial Update

*Sidel Incomes: = $2,800

  • Part time job = $600
  • Freelance = $300
  • Dividends = $900
  • Interest = $500
  • Solarshare payment = $500
*Discretionary Spending: = $1,700
  • Food = $300
  • Miscellaneous = $500
  • Additional Interest = $900

*Net Worth: (ΔMoM)

  • Assets: = $1,240,100 total (+1,500)
  • Cash = $12,800 (+1600)
  • Canadian stocks = $176,800 (-1000)
  • U.S. stocks = $126,900 (+900)
  • U.K. stocks = $21,600 (unch)
  • Retirement = $115,300 (-500)
  • Mortgage Funds = $34,100 (+200)
  • P2P Lending = $32,600 (+300)
  • Home = $275,000
  • Farms = $445,000
  • Debts: = $423,700 total (-2,700)
  • Mortgage = $191,200 (-400)
  • Farm Loans = $181,500 (-400)
  • Margin Loans = $49,500 (-400)
  • CIBC Line of Credit = $1,500 (-1500)

*Total Net Worth = $816,400 (+$4,200 / +0.5%)
All numbers are in $CDN. 

Inflation in Canada is picking up. We are at roughly 3% this year compared to 2% in 2017. Higher inflation will have a positive impact on real estate prices. I’m thinking about buying another property either next year or in 2020. Home prices will likely continue to increase in Vancouver and Toronto, at least in the long run. So getting more real estate now is probably a good idea.

Due to the nature of my new job I will not disclose my annual salary from now on. I was able to negotiate a relatively high salary for myself, about 20% more than my previous employer which shut down recently. Lest any of my coworkers stumble upon this blog I don’t want them to know how much our company is paying me. But I’ll continue to share all other sources of income such as from investments and freelance graphic design. 🙂

 

 

__________________________________
Random Useless Fact:

The hospital you were born in is the only building you leave without entering.

 

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.

__________________________________
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.

 

 

 

__________________________________
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. 🙂

 

__________________________________
Random Useless Fact:

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