July 12 / 2014 : Updated every mid month
Home 2014 assessed value total $1,190,000
Tax free saving account TFSA - $33,372
Retirement saving plan RSP - $101,101
Canadian margin account - $141,768
US margin account ( Ex Rate 1.072)- $168,456
margin available $217,060
margin available $217,060
Warehouse Income property 2014 assessed value
-Start Up Company
Brewery start up share value
Chequing account $2,021
Business account $5,761
June 2014 Grand Total Net Worth: 2,111,481
June 2014 : $2,105,897 Details link +$3,165
May 2014 : $2,102,732 Details link
Total investments and cash available $921,481
Total non-income fixed assets (home ) $1,190,000
Net Worth Ratio
43.6% Investments and cash
56.4% Fixed Assets
- Start Up Brewery : No expected return for a year
-Warehouse commercial property Income
$1,912 a month minus $678 expenses ( maintenance,tax) = Per month: $1,234 Yield on assessed value: 3.85% Total year profits :$14,808
-Equities market value :444,699 Forward Monthly dividends Avg: $1,254
Average Forward Yield On Market Value : 3.38%
Total Forwards dividends yearly $15,058
Grand Total Passive Forward Yearly Income : $29,866
Per month average total : $2,488
Up from last months gains and I am happy for it. Mr market was good and bad to my equities which I will explain later. I have officially put in $85,000 into the brewery and things are in motion there. Will be quite a while to see a return as first year is projected to break pretty much even. My rental property is going through a change of tenant and its a bit of a mess financially. Payments from it still has to be sorted out as I have not received any rental income this month from it.
Several factors have contributed to my July net worth.
-Market was pretty decent for me. Good gains in my apple stock holding. I just got called for 100 AAPL shares and will do some rebalancing soon with the proceeds. I ultimately want to sell 100 more of my 600 remaining shares in AAPL and I plan on writing covered calls out of the money until it hits. The part leaks for the Iphone 6 are very promising and AAPL has a monster seller on its hands and Samsung is shaking!
-EBAY. So I puit some stuff on Ebay and got some money for the stuff to the tune of $4,000. Proceeds mainly came from a fancy watch I had that I never wore. My phone can tell the time just as well! Without these ebay sales my bottom line would have been very thin this month. I am know conteplating selling a few other things to round up some cash.
-Expenses. My expenses were very minimal, We didn't go out much and main outside activities were free ( hiking, hanging at beach, playgrounds, water parks)
- Dividends. Were not bad as June brought me $608 and so far halfway in July $552. I hope to see thousand dollar months soon enough in dividends.
-Canadian dollar. The Canadian dollar weakened against the US dollar by 1.31% since last months net worth total. That alone has devalued my portfolio by $3,165. This currency thing cuts both ways and this month it hurt!
- New Tenants. In the process of kicking out current tenant in my rental unit as they were running illegal high stakes poker games and welcoming a new business (healthy cereal maker) with a 3 year lease. Old tenant has missed a payment and will owe for a lease cancellation fee. The new tenant will get two free months for leasehold improvements. Overall once the old tenant pays up it will cover the lost income of the new tenants 2 free months making it a wash. Sometimes I wonder why I am keeping the property as I could just shove that whole total into REITs and have a higher return and less headaches. Then I remember my place wouldn't sell when I had it listed for under market value. I will re-evaluate next year if I am going to keep it I think.
Special Thanks to http://debtdebs.com/ for the mention in here article. Thanks for the pointers on your debt strategies as it has helped my friend Ali and I to formulate a game plan to get out of debt.