July was an amazing month for stocks 😀 The S&P 500 index which contains many US stocks I own has climbed higher than 1,700 for the first time evar! My gut feeling tells me the market is fully priced right now so I’m not going to buy any new stocks for the next month and just focus on other ways to build up my wealth.
Speaking of wealth, Forbes has put together a list of the 15 richest personalities from popular movies, novels, television shows and games. Over the last year the combined net worth of the Fictional 15 has climbed 3% to $215.8 billion. Geez, even the fictionally wealthy are getting richer and richer 😛 Scrooge McDuck takes first place with a net worth of $65.4 billion. Tony Stark (Iron Man) has $12.4 billion from his defense contracts and inventions. Bruce Wayne has an estimated $9.2 billion from Wayne Enterprises. Tywin Lannister from Game of Thrones has $1.8 billion, and Lara Croft from Tomb Raider has $1.3 billion from her inheritance and treasure hunting 😀 How many characters do you recognize from Forbes’ Fictional 15?
It’s worth pointing out that Carlos Slim and Bill Gates have net worths of $73 billion and $67 billion respectively so not even the richest characters from fictional wealth can compete with the wealthy celebrities of the real world, lol. What the rich seem to have in common (real life and imagined) is they all have a great story to tell 🙂 Maybe when I’m retired some day I’ll have a nice tale of my own. In July my net worth climbed higher again, mainly thanks to the recent rally in the stock market.
- Part-Time Work = $800
- Dividends = $400
- Eating Out = $100
- Others = $200
*Net Worth: (MoM)
- Assets: = $571,500 total (+$1,700)
- Cash = $5,400 (-$1800)
- Stocks CDN =$73,600 (+$2600)
- Stocks US = $40,300 (+$1300)
- RRSP = $30,400 (–$400)
- Home = $252,000 (same)
- Farm 1 = $152,500 (same)
- Farm 2 deposit = $17,300 (same)
- Liabilities: = $388,400 total (-4,100)
- Mortgage = $202,100 (-$400)
- Farm 1 Loan = $110,200 (-$300)
- Margin Loan CDN = $26,100 (Same)
- Margin Loan US = $22,100 (–$300)
- TD Line of Credit = $10,000 (-$3000)
- CIBC Line of Credit = $13,000 (same)
- Credit Card = $4900 (-$100)
*Total Net Worth = $183,100 (+3.2%)
All numbers above are in CAD. Conversion rate used: 1.00 USD = 1.04 CAD
July has treated me like royalty. I got a small raise at my full-time work, the stock market climbed to record highs, and no unexpected expenses. This perfect recipe led to a net worth gain of $5,800 🙂 Holy mashed potatoes, no idea what I did to deserve this luck. On average I only see $3,500 increase a month, so I certainly don’t expect this recent trend to continue.