Fiscal Update July 2018 – Apple Shares Hitting New Highs

Apple recently became the first US company to surpass $1 trillion in market value, wowzers! 😀 It’s hard to imagine that merely 2 decades ago the company was on the verge of bankruptcy. But then Steve Jobs came back as CEO and turned the whole company around. I didn’t have the foresight to buy Apple stocks in 1998 when it was less than $1/share. Amazon and Alphabet (Google) shares are probably next in line to breach the trillion dollar milestone.

We’re living in a digital world where technology companies today have become like utility companies in the past. I have owned all 3 for many years now and will continue to add more tech stocks to my portfolio over time. A devastating tech crash like in 2000 shouldn’t happen again because the big companies today actually have sales and profits to backup their market value. 🙂 The only major risk, albeit not very likely, is a prolonged, global internet blackout or some other technological black swan event.

As North American stock markets climbed in July so did my investments.

Liquid’s Financial Update

*Total Income: = $7,500

  • Full time job = $4000
  • Part time job = $1100
  • Freelance = $600
  • Dividends = $900
  • Interest = $900
*Total Spending: = $4,300
  • Food = $300
  • Housing = $1200
  • Utilities = $100
  • Miscellaneous = $1800
  • Additional Debt Interest = $900

*Net Worth: (ΔMoM)

  • Assets: = $1,228,900 total (+6,400)
  • Cash = $11,600 (+1100)
  • Canadian stocks = $173,000 (-600)
  • U.S. stocks = $121,500 (+3700)
  • U.K. stocks = $21,900 (-300)
  • Retirement = $115,000 (+1800)
  • Mortgage Funds = $33,900 (+600)
  • P2P Lending = $32,000 (+100)
  • Home = $275,000
  • Farms = $445,000
  • Debts: = $430,000 total (-3,400)
  • Mortgage = $192,000 (-500)
  • Farm Loans = $182,400 (-500)
  • Margin Loans = $50,100 (-900)
  • TD Line of Credit = $1,500 (-500)
  • CIBC Line of Credit = $4,000 (-1000)

*Total Net Worth = $798,900 (+$9,800 / +1.2%)
All numbers are in $CDN. 

 

On an unfortunate note I’ve witnessed my first defaulted loan on the peer to peer platform, Lending Loop. Normally my account balance would go up $300 every month. But in July it only gained $100 because a loan went in default and $200 was written off. 🙁 Oh well. It was a street sweeping company in B.C. that went bankrupt. I guess you can say they just couldn’t brush away their debts anymore. I might have to make sweeping changes to how I use this lending platform going forward. 😀

 

__________________________________
Random Useless Fact:

32% of Americans say they never floss. (source)

people don't floss

Author: Liquid Independence

Editor in Chief at Freedom 35 Blog.

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Financial Orchid
Financial Orchid
08/07/2018 8:41 am

I need to side hustle like u.

David
David
08/07/2018 9:49 am

Just out of curiosity what grade loan from Lending Loop defaulted?

David
David
08/07/2018 6:14 pm

I heard about Lending Loop from your website and started in February of 2018 only in D (20.67-20.96% annually) loans I currently only have 8 with $200 invested in each but no defaults as of yet.

P C
P C
08/08/2018 8:05 am

Only a couple hundred thousand to reach $1 million!!

Earlierretirement
Earlierretirement
08/08/2018 5:54 pm

Hey Liquid every thousand you get closer ;), what do you do for Side job? And for freelance?
The incomes are after tax right?

Jim
Jim
08/09/2018 9:20 am

Your net worth chart is a thing of beauty.

GYM
GYM
08/14/2018 10:28 pm

You are doing soooo good, so close to 7 figures!!!!

Financial Orchid
Financial Orchid
08/20/2018 8:02 pm

Is the home book value or market value? Strange to see it the same for so many years but you update your farm value annually.