March 18 / 2015 : Updated every mid month
Home 2015 assessed value total $1,253,000
Tax free saving account TFSA - $40,502
Retirement saving plan RSP - $147,600
Canadian margin account - $158,950
US margin account ( Ex Rate 1.257)- $206,181
margin available $163,433
margin available $163,433
Equity total: $553,233
-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
-Residential Rental Property
Rental Home 3200 sqft Income property 2015 assesed value
-Start Up Company
Brewery start up share value
Checking account $6,141
Business account $9,924
January 2015 Grand Total Net Worth: $2,893,298
Feb. 2015 : $2,896,605 Details Link +$725,060
Jan. 2015 : $2,171,545 Details Link +$44,214
Dec. 2014 : $2,127,331 Details Link -$33,547
Nov. 2014 : $2,160,878 Details Link + $49,867
Oct. 2014 : $2,111,011 Details Link - $28,473
Sept. 2014 : $2,139,484 Details Link + $13,390
Aug. 2014: $2,126,094 Details Link + $14,613
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
Not much happening this month. Slight loss of $3,307 as markets are bouncing around a bit affecting my stock portfolio . My cash on hand and debt are going in the right direction which I don't mind. The Canadian dollar continues to get weaker and Oil stocks which I am heavy in is still bouncing around all time lows. But what the heck is with the prices at the pump. I am paying prices that are equivalent to $100 oil barrel prices right now, least you can do is drop the price at the pump or my stock price you greedy bastards! Oh well it will catch up soon enough!
I am getting set to purchase a new lot for building my new home so I am playing it safe in the markets right now. I am focusing on paying down debt to get ready for all this. Financing has been a little bit tricky and I am just trying to play the close date on the purchase so I don't have to carry debt until I need to. Right now I got the new lot surveyed already and working on house plans with an architect. So I have officially committed to this next move into building a new house and selling my old one. With all said and done I will be in a much better financial position this time next year.
For this build to happen I need some things to fall into place. I need to sell my home and secure financing. Worst case scenario is that I will sell my equities until my home sells and then repurchase them. Not my ideal choice or the most tax efficient but crunching the numbers it is better than getting a private loan at 6% interest.
In other news my brewery investment is coming to fruition and should be open for business next month! Hip Hip Hooray!
In family news my nephew that has come live with us is doing alright. He still does not talk to me much. It has been a challenge for him to open up. He is enrolled in air cadets and enjoying it. I make sure he is on top of his schooling with homework. Hopefully in time he will communicate more as its a tough situation.
Stay tuned for more posts!
Here is a pic of me working on the main floor layout. Thinking of losing the mudroom and making the powder room/ pantry and kitchen bigger!