Yet another month of record highs in the financial markets. I hope everyone had a great November. 🙂 In terms of changes to my balance sheet I’ve added 100 shares of Enbridge stock to my portfolio, creating more passive income for future months. Part of this purchase was financed from a margin loan at 2.3% with IB. Borrowing money at low interest rates to invest in long term appreciating assets was how many people became millionaires in the past.
Liquid’s Financial Update
- Part-Time = $700
- Freelance = $800
- Dividends = $700
- Interest = $400
- Fun = $400
- Debt Interest = $1300
*Net Worth: (ΔMoM)
- Assets: = $1,150,700 total (+14,300)
- Cash = $8,500 (+700)
- Canadian stocks = $164,200 (+7300)
- U.S. stocks = $105,800 (+4000)
- U.K. stocks = $21,100 (unch)
- RRSP = $91,100 (+1900)
- Mortgage Funds = $32,000 (+100)
- P2P Lending = $22,000 (+300)
- Home = $270,000
- Farms = $436,000
- Debts: = $468,700 total (-2,100)
- Mortgage = $180,900 (-400)
- Farm Loans = $186,300 (-500)
- Margin Loans = $58,900 (+1200)
- TD Line of Credit = $6,700 (-1300)
- CIBC Line of Credit = $21,000 (-1000)
- HELOC = $14,900 (-100)
*Total Net Worth = $682,000 (+$16,400 / +2.2%)
All numbers above are in $CDN.
I’ve been trying to save enough money over the last few months to invest another $8,000 into my Lending Loop account by the end of the year. I’m also currently looking for a new job to increase my cash flow. We’ll see how that goes. 🙂
On the side note, shout out to my pal Jeremy from Modest Money who got featured on an Equities.com article. He’s got some interesting investment ideas and we sometimes talk about stocks. You can also check him on stocktwits.
Random Useless Fact
At any given time, about 174 quadrillion watts of the sun’s energy is hitting the earth.