This was one of the best months of the year in terms of investment gains. The stronger U.S. dollar and farmland rent income were very helpful for me. Furthermore, Amazon.com reported its financials last week and the results were stronger than expected. AMZN stock shot up 13% that day. Hurray! 😀
Check out the stock market performance since August below. The gains are incredible for just 3 months. 🙂 Dow Jones is up 6.79%, S&P/TSX Composite is up 5.82%, and Nasdaq is up 5.98%. It’s a good time to be long in stocks. 🙂
Liquid’s Financial Update
- Part-Time = $700
- Freelance = $1000
- Dividends = $900
- Interest = $800
- Rent = $4700
- Fun = $400
- Debt Interest = $1300
*Net Worth: (ΔMoM)
- Assets: = $1,136,400 total (+14,700)
- Cash = $7,800 (+4200)
- Canadian stocks = $156,900 (+5200)
- U.S. stocks = $101,800 (+7900)
- U.K. stocks = $21,100 (+900)
- RRSP = $89,200 (+5300)
- Mortgage Funds = $31,900 (+600)
- Peer-to-Peer Lending = $21,700 (+200)
- SolarShare Bonds = $0 (-9600)
- Home = $270,000
- Farms = $436,000
- Debts: = $470,800 total (-3,900)
- Mortgage = $181,300 (-400)
- Farm Loans = $186,800 (-500)
- Margin Loans = $57,700 (+100)
- TD Line of Credit = $8,000 (-1400)
- CIBC Line of Credit = $22,000 (-1000)
- HELOC = $15,000 (-700)
*Total Net Worth = $665,600 (+$18,600 / +2.9%)
All numbers above are in $CDN.
Last month I mentioned my year end goal was to have a net worth of $675,000. There are two more months to go. I think I can do it. 🙂 I have decided to remove my Solarshare bonds from my asset list to simplify my net worth calculation. Similar to my Ethereum holdings, Solarshare bonds will no longer be in my monthly update going forward.
Random Useless Fact
Amazing month!! Do you do the smith maneuver with your HELOC?
Yes I do. I’ve taken money from my HELOC to invest in dividend paying stocks. 🙂 So far it is working well.
“It’s a good time to be long in stocks.“ – I think you just confirmed for me that top is around the corner. Thank you.
It is amazing time to be investor; however, it is not a good news for those who are in accumulating stage (like me). I love to see my net-worth go higher month after month, but I am little hesitating to pay more money to buy quality assets.
What was the reason to remove SolarBond and digital-currency from your assets? They are assets too (in my opinion).
I know what you mean. It’s better to accumulate investments when they are cheap, unlike now. My hope is that corporate profits will increase to catch up with valuations in future years. 🙂
The reason to remove SolarBond is to simplify my monthly updates and reduce the time it takes to calculate my net worth. Any asset that I own which is worth $10,000 or less is excluded from my asset list, otherwise I would have to add my car, online business, gold coins, and other collectables. I’m using $10,000 as the cut off amount as this amount is worth less than 1% of my total assets, making these types of assets largely insignificant to my wealth anyway.
Thank you Liquid for your response. It makes sense. $10 000 is just less than 1% of your assets – I hope you feel very rich now 🙂 .
I own a property in Vancouver, and know that your one bedroom even if located in the surrounding cities would be worth between 350G-1M.
Is your argument for this that it is not an asset but more simply a place to live?
That’s one reason. The other is I don’t like large fluctuations in my net worth from year to year. I update my real estate price every January. So I prefer to increase it based on the inflation rate rather than the market or government assessed value, which can change drastically from year to year.
Indeed, the markets have been treating us well. All the best on hitting your year end goal. Tom
Thanks Tom. 🙂 Have a good weekend.
I loved your side income number, especially the dividend income and rental income.
These are two of my favorite passive income sources. Great job!
Thanks for sharing!
Dividends are my favorite source of passive income as well.
Great month Liquid. Looks like things are moving in the right direction. I do not own AMZN since they do not pay a dividend, but man was there a lot of great buzz around their recent earnings release. Are you considering selling at all and taking some of your gains to the bank? Or will you hold this position for a while?
Cheers Bert. 🙂 I don’t see any reason to sell at this point so I will continue to hold. Maybe one day AMZN will pay a dividend lol.