Fiscal Update September 2019 – Slowing Economy

Tight Race Ahead

In a few weeks Canadians will vote for a Prime Minister to lead the country. Who knows what kind of chicanery will ensue. According to the CBC poll tracker, which aggregates all publicly available polling data, the Conservatives hold a narrow lead over the Liberals. Looks like it’s going to be a close call. 😮

canadian poll for 2019 election

Financial markets are always uncertain right before an election because policy changes can drive consumer incentives and business decisions. During the past quarter leading up to this month’s election the stock market has seen lower volumes of trading. Many companies put off hiring and investing until they know which political party is going to win.

Meanwhile south of the border, the United States economy is slowing down. Its 2nd quarter GDP growth dropped to 2%, down from 3% from the previous quarter. Manufacturing data also shows weakness and poor sentiment about businesses. Business earnings growth estimates have dropped from 7.6% last year to just 2.3% now. As a result the U.S. central bank dropped interest rates by 0.25% last month. This is good news for people who have floating rate debt in US dollars like myself. 🙂 So now my investment expenses are slightly lower than before.

Markets were slightly positive in September bumping up my net worth to $991K. It’s nearly at the $1M mark. 🙂 Below are my financial results ending September 30th.

Liquid’s Financial Update

*Side Incomes: = $2,700

  • Part time job =$700
  • Freelance = $400
  • Dividends =$1200
  • Interest = $500

*Discretionary Spending: = $2,200

  • Food = $400
  • Miscellaneous = $300
  • Interest expense = $1300

*Net Worth: (ΔMoM)

  • Total Assets: = $1,377,500 (+4900)
  • Cash = $8,800 (+1200)
  • Canadian stocks = $192,700 (+3200)
  • U.S. stocks = $133,500 (-1800)
  • U.K. stocks = $21,400 (+700)
  • Retirement = $135,800 (+1000)
  • Mortgage Funds = $36,900 (+300)
  • P2P Lending = $36,400 (+300)
  • Home = $367,000 (assessed land value)
  • Farms = $445,000
  • Total Debts: = $386,400 (-3,300)
  • Mortgage = $186,500 (-400)
  • Farm Loans = $162,900 (-500)
  • Margin Loans = $35,000 (-400)
  • Line of Credit = $2,000 (-2000)

*Total Net Worth = $991,100 (+$8,200 / +0.8%)
All numbers are in $CDN at 0.76/USD

Another month is in the bag. 🙂 The Canadian dollar got stronger which is both good and bad. On one hand Canadians have stronger purchasing power globally so we can buy more things for cheap. But on the other hand our assets outside the country are worth less when converted back into $CAD.


Random Useless Fact:

The hamburger got its name from a cut of beef in Hamburg, Germany, and doesn’t contain any ham.

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S Arun
10/01/2019 10:51 am

A few steps closure to your million dollar milestone :); however, if you add your gold & silver values into the calculation, then you are a MILLIONAIRE! Congratulation Liquid!!

10/03/2019 5:55 pm

Just found your website and find it very interesting!

10/04/2019 5:18 am

Been following you for a few years now. Very happy for you and your success.

What’s your next move when you hit $1mil? Do you plan on paying down some of your non tax deductible debt (i.e. mortgage) more aggressive?

10/10/2019 9:33 pm

What a teaser, only less than $10K to 7 figures!