New Addition to my Asset Column
After blogging about my exciting new investment in a startup company, I’ve decided to categorize this equity holding as a new asset class in my net worth updates. 🙂 High net worth investors are continuing to move their investments into uncorrelated assets such as private companies and I plan to grow my investments using a similar strategy. There is no way to eliminate market volatility entirely, but it’s possible to minimize its effect on my portfolio. 😉
Liquid’s Financial Update
- Part-Time = $1200
- Freelance = $900
- Dividends = $600
- Interest = $200 (from Western Energy bonds)
- Fun = $200
- Debt Interest = $1300
*Net Worth: (MoM)
- Assets: = $1,006,200 total (+6,800)
- Cash = $12,100 (-3000)
- Stocks CDN =$120,900 (+1400)
- Stocks US = $72,900 (+1600)
- RRSP = $71,500 (-2700)
- Mortgage Funds = $26,300 (+3000)
- Venture Capital = $6,500 (NEW!)
- Home = $263,000
- Farms = $433,000
- Debts: = $476,000 total (-1,400)
- Mortgage = $187,300 (-500)
- Farm Loans = $193,900 (-500)
- Margin Loan CDN = $28,300
- Margin Loan US = $25,600 (+200)
- TD Line of Credit = $13,900 (-600)
- CIBC Line of Credit = $9,500
- HELOC = $17,500
*Total Net Worth = $530,200 (+$8,200 / +1.57%)
All numbers above are in $CDN. Conversion rate used: 1.00 CAD = 0.76 USD
Say hello to my new asset: Venture Capital. 🙂 I think calling it VC is more accurate than private equity. As mentioned in my post from last week, I now have over $1 million in assets! Let’s break down some of the numbers.
- Cash holdings decreased because I used some savings to purchase my startup investment.
- Both Canadian and U.S. stock portfolios grew.
- I purchased $3K of new mortgage funds in my RRSP. I transferred the $3K value from my “RRSP” category into “Mortgage Funds” instead.
- No updates to home and farmland values.
Overall August was a pretty good month. For September I plan to invest in some renewable energy. I found an Ontario based company that suits my investor profile, so I’ll explain what my plans are for that in a future post. 😉
Random Useless Fact:
Smartphone cameras use LEDs for flash.