August 15 / 2014 : Updated every mid month
ASSETS
Home 2014 assessed value total $1,190,000
-Equity Investments
Tax free saving account TFSA - $33,948
Retirement saving plan RSP - $104,203
Canadian margin account - $149,753
US margin account ( Ex Rate 1.091)- $272,023
margin available $194,087
Total equity $457,998
margin available $194,087
Total equity $457,998
total: $559,927
-Rental Property
Warehouse Income Property 2014 assessed value
total: $384,000
-Start Up Company
Brewery start up share value
total: $85,000
-Cash
Checking account $2,609
Business account $6,487
total: $9,096
Assets total : $2,228,023
Assets total : $2,228,023
Liabilities
US margin account $101,929
(margin rate 3.75%)
(margin rate 3.75%)
Liabilities total : $101,929
August 2014 Grand Total Net Worth: $2,126,094
July 2014 : $2,111,481 Details link + $5,584
June 2014 : $2,105,897 Details link + $3,165
May 2014 : $2,102,732 Details link
Investment Yields
- 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
Forward Monthly dividends Avg: $1,264
Total Forwards dividends yearly $15,169
Grand Total Passive Forward Yearly Income : $29,977
Per month average total : $2,498
In Summary-
Not too shabby I must say. with a $14,613 gain over last month. Portfolio was hit hard at end of July like everyone else but finally bouncing back now in last week. For the first time since I started this blog 3 months ago I have something on my liability side. Margin debt in my US account to cover my big 100k Apple trade bet LINK. I may very well start using more of my margin in the future. My margin account charges borrowing rates of 3% for Canadian equities and 3.75% for US so I think I may chase some yield soon to make it worthwhile for me. There is some other factors contributing to my net worth increase as well listed below.
I love making this post every month as its very informative for myself to sit down and analyze my moves and results. I would of like to make more posts last couple months but I have been quite busy. I am working on estate planning for my parents so lots of back and forth with my parents and lawyers. Also have been looking into various real estate deals that have come up and doing my due diligence to see if they are feasible. I am also looking to borrowing against my house for these deals to happen so there has been a few trips to various mortgage brokers. I may also sell my potential deals to other investors and receive consulting fees for putting it all together. We will see how things pan out but I am really grinding it to makes things happen. Nobody is gonna hand me a stack of cash so I gotta go out and and turn over multiple stones and go get it.
Several factors have contributed to my July net worth.
Positives-
- Market was up and down but Apple has been my star of the month. It made 2% gains on my old 600 shares holding and almost 3% in my new 1000 share holding. Stocks with big gains in my portfolio have been China Mobile and Kinder Morgan both surging over 15%. Also sold my stake in Bell Aliant as they were bought out by big brother Bell and I cashed out a quick 20% gain made in a couple months. Hopefully this upward stock trend continues.
-Dividend were quite healthy with over $1,200 last month and this month will be close to repeating that amount.
-US dollar strengthen against the Canadian dollar thus increasing my portfolio value in Canadian dollars. Last month exchange rate was 1.072 and now its 1.0894. So an over 1% gain on my US equities from the currency pop.
- New tenants have moved into my rental property and all is well. I received early contract termination fees from my last tenant as well as missed payment. Hopefully this new tenant works out as I have them on a 3 year lease.
-Expenses. Again my expenses were extremely minimal and no purchases of note were made.
Negatives-
-Some of my stocks have not rebounded from the late July crash.
-Transactions costs. I did some reshuffling of my portfolio to become more tax efficient and thus I had to incur some Transactions costs. However I should be reimbursed for these fees in the foloowing months as my bank was holding a free trade promotion which ends in August.
Wow! A $15K net change in one month. Thats awesome man. Congrats on another successful month of growth. Very inspirational, as always.
ReplyDeleteKeep it up
R2R
Yes biggest month yet since started tracking. I anticipated about 10k but the last couple trading days bumped me up. Now watch it plummet come Monday lol.
DeleteGreat job! Never gets boring counting the money.
DeleteI have been visiting your site for a while now and it sure looks like you have things rolling along.
Keep cranking,
Robert
Hey A-G,
ReplyDeleteThat's not a bad month at all. I am not surprised that APPL continues on it's trend upwards. I can't wait to add a little more to my position here as the stock is still under the $100/Share mark. Congrats on a very good month and that $15k net is amazing. Keep up the good work!
Will keep on grinding and praying to my steve jobs shrine!
DeleteWow, AG, these members are so impressive, that I had to read the About page to make sure I am not missing anything. Having reached all that at your late 30s is really impressive. Good job and congrats.
ReplyDeleteThat was supposed to be "numbers" and not "members" in my previous post. Stupid autocorrection...
ReplyDeleteI have to proofread my posts a few times and still mistakes get through. My spelling and grammar are horrendous. Thanks for droppin by and the kind words.
DeleteEvery portfolio was hit hard in late July. Big deal. A month does not retirement make rather decades and you already know that any decline is just temporary. Keep building your nest egg with varying income sources like are doing and keep sharing those inspiring numbers with us. Do you consider getting into the rental income game with homes (as opposed to warehouse) such as duplex, triplex, etc.?
ReplyDeleteActually have been looking at duplex,triplex and 4 plex units of a late. The yields are only around 4-5% after property taxes, insurance and maintenance in my area. There are a few that eek out 5-5.5% yield but building need some work. Not tremendous value out there.
ReplyDeleteI have been floating an option in my head of borrowing margin at 3% and getting an average yield Reits at 6% thus pocketing 3%. But that strategy is quite easy to do since there are many good Reits that fit that criteria but then I would have to worry about margin calls if stocks tank and interest rate fluctuations. On paper it makes sense but then again it would be taking on much more risk. Also been floating the idea of taking a cheap fixed mortgage out on my home sub 3% and working with that money if the yield is right on further opportunities.
wow AG, amazing numbers. The forward looking dividend is looking great. You sure have injected a lot of capitals into dividend stocks. APPL sure is doing well for us.
ReplyDeleteI wouldn't worry too much about stocks not recovered from the late July/early August drop. This does provide a good buying opportunity.
Instead of buying a rental property, I think investing in REITs would be a better option.
Yah I have been back and forth with the Reit / single holding idea for a lil while now. Some Reits have great yield at 6% which is not available in property close enough to me to manage. I may soon try a Reit experiment on my margin account for 100-150k and see if I like it. At margin rate at 3% its similar to a home equity line of credit rate thus I would be pocketing the difference from the avg 6% yield.
DeleteGlad to hear it's all grindin' stuff that's been keeping you busy. You have a lot on the go! Now that you sorted out Grandma Olga you parents wanted some attention, ay? Thanks for your comment on my 'difficult' post. I appreciate it.
ReplyDeleteMy parents future plans are non existent. No will on each of them, no trust nothing! They have quite a few assets and their mental and physical health are waning. But getting them to agree on anything has been its own struggle.
DeleteYou're killing it, Asset-Grinder. A $15K net worth increase from last month is seriously impressive! Keep up the good work.
ReplyDeleteThanks buddy
Delete"Some of my stocks have not rebounded from the late July crash" = hardly a negative. As long term investors these weekly or monthly gyrations mean nothing when investing for 10, 20 or 30 years out. Every DGI blogger experienced a choppy end of July. Keep doing what you're doing. Look forward to the next update!
ReplyDeleteThanks man. Yes Im not concerned about short term fluctuations as long as payouts still stream in.
Deletewow nice net worth! congrats on great net increase and 3 years rental contract. Its always nice to have renters for more than a year. My renters have 2 years contract and living in my house for a year already, but I hope they decide to stay longer because they are really nice couple.
ReplyDeleteYah having good tenants is key. I hate turnover with renters. That is why I like commercial real estate as the term is longer and less headaches fixing stuff.
Delete