Fiscal Update – July 2011

By | 08/08/2011

Vacation for last 2 weeks. Now, back to business.

*Dividend Income:
  • Discount Brokerage = $300

*Discretionary Spending:
  • Eating Out = $100

  • Others = $200
*Net Worth:
  • Assets:

  • Cash = $4,700 (-$1,400 MoM)
  • Stocks = $71,200 (+$3,000 MoM)
  • Home  = $243,000 
  • Liabilities:
  • Mortgage = $210,100 (-$300 MoM)
  • LOC Balance = $1,500 (-$2,500 MoM)
  • Other Loans = $20,600 (+$4,100)
Total Net Worth = $86,700 ( +0.35% MoM)

Losing money never feels good. But the silver lining is the great buying opportunity now. I’ve already picked up some more Deere & Co shares to lower my ACB. US stocks will continue to fall when the market opens later today, I’m currently eyeing Siemens, Pepsi, and Caterpiller. I don’t have any money available to buy stocks now, so I’m planning to borrow from my margin account. Managed to squeeze out an small increase in overall net worth.

* Numbers are rounded to the nearest $100.

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