In an interesting turn of events the Canadian dollar is showing signs of strength. It gained against the US dollar and the British pound. This is a double edged sword. The good news is my wealth is greater since I have more purchasing power. 🙂 The bad news is my net worth in Canadian dollars went down. 🙁
Since I have investments in foreign currency my assets fell in value. Oh well. I’m not cashing out any time soon so I will continue to hold and see what happens. Energy companies also lost value in June, following lower oil prices. I also purchased a vehicle in cash that cost over $1,000. It was expensive, but it’s important to have a life. 🙂
Liquid’s Financial Update
- Part-Time = $900
- Freelance = $800
- Dividends = $800
- Interest = $200
- Fun = $1500
- Debt Interest = $1100
*Net Worth: (ΔMoM)
- Assets: = $1,113,700 total (-6,300)
- Cash = $5,300 (+2100)
- Canadian stocks = $146,400 (-200)
- U.S. stocks = $91,600 (-4600)
- U.K. stocks = $20,100 (-1300)
- RRSP = $82,600 (-2800)
- Mortgage Funds = $31,000 (+300)
- Peer-to-Peer Lending = $20,900 (+200)
- SolarShare Bonds = $9,800
- Home = $270,000
- Farms = $436,000
- Debts: = $486,000 total (-5,500)
- Mortgage = $182,900 (-500)
- Farm Loans = $188,800 (-500)
- Margin Loans = $60,300 (-3200)
- TD Line of Credit = $13,000 (-600)
- CIBC Line of Credit = $25,000 (-500)
- HELOC = $16,000 (-200)
*Total Net Worth = $627,700 (-$800 / -0.13%)
All numbers above are in $CDN.
This is the worst month I’ve had in over a year, lol. It looks like my fixed income assets performed well at least. Hopefully I can turn things around in July and get back to increasing my net worth.
Random Useless Fact:
Canada produces over 80% of the world’s maple syrup.
Keep it up! …Not that bad if that’s your worst!
Thanks. I think everything will smooth out and be positive overall for the quarter.
I’m just curious–what do you spend your Fun Money on?
For this month’s update I bought a scooter for $1300. But most of the time I spend $200 to $300 on Fun Money which usually includes eating out, movies, gifts, entertainment, and random events around the city.
Hey Liquid. Can you please reply to my last email? Sorry for commenting here, but it’s rather urgent. Thanks.
Hi Simon. I saw your email. I have replied to it now. 🙂
June was a pretty rough month for my investments too! My NW barely budged. Stay the course and you’ll do fine in the long run.
You are so close to the million dollar mark. 🙂 I think you will hit that milestone for your July update. 🙂
You’re still doing pretty darn good for the worst month of the year! I inputted my assessed value for my condo and you’re still beating me in the NW game!
It’s crazy how much assessed value of real estate went up this year in YVR. With the new interest rate increase today I think prices should mellow out next year. 🙂