Net-Worth Update July 2015: $32,020 (+$2,940/+10.1%)
Welcome to my July net-worth update everyone!
If you are wondering why my net worth has seen a big increase this month, the answer is quite simple. The reason for the 10.1% growth is because my update is 1 week late!
My initial plan was to release my numbers at the middle of the month but for some reason it is now at the end. I have still yet to decide whether to move it back to mid-month or to start releasing it near the end (now that it is already there).
Anyways, in summary, July just happens to be another ordinary month with nothing major worth mentioning. Here is how my numbers currently stand:
Assets: $49,061 (+5.5%)
Cash: $3,947
- I am slowly building up my cash position right now because I do not plan on contributing them to my RRSP just yet.
- At the present moment, I plan on saving up 10k for something that I will go into further detail in another post.
TFSA: $41,086 (+3.9%)
- My TFSA is essentially maxed out. I still have $500 left of contribution room though but I am a little hesitant to contribute this as I don’t want to accidentally go over the limit. I find it extremely inconvenient that there are no sure ways of keeping track of your exact contribution.
- Similar to last month, my energy and financial stocks have taken quite another beating. I am also currently looking to sell all the stocks in my portfolio as I plan to transition into passive investing through index funds and low MER ETFs.
RRSP: $1,652 (-3.5%)
- My RRSP had dropped in the past month due to the poor performance of my Canadian and US index funds. I have a feeling that the weak Canadian Dollar has something to do with it.
- On a side note, I plan on converting this TD E-series account into a self-directed RRSP.
Pension Contribution: $2,376
- No updates in this section.
Liabilities: $17,041 (-2.1%)
Student Loan: $16,869
- No updates. Just chipping away at my monthly repayment at the present moment.
Credit Card: $172
- No major spending to report.
Total Net-Worth: $32,020 (+10.1%)
10 Responses to “Net-Worth Update July 2015: $32,020 (+$2,940/+10.1%)”
ME,
Thanks for sharing your net worth. Thats impressive at age 25. Keep up the great investing you will be rewarded greatly. Keep in touch.
LOMD
Thank you LOMD, I will definitely keep in touch!
are you going to make it up with the net worth increase to match with your projected timeline at some point?
Hi Vivianne, I think I won’t be able to make my 2015 projected timeline but I sure will try my hardest.
You are killing it. 10% increase!!! Keep up the great work!
Thank you BSM! I hope the rest of the year will see similar gains. 🙂
Jeff,
Great progress, 10% is nothing to sneeze about, even if it’s because your post is a little late. Keep it up, you’re doing fantastic.
Cheers,
NMW
Thank you NMW for the encouragement!
Nice gain again this month. The only way that i have found my exact contributions is going through MyCRA website. It only updates at the end of the year though.
That is the same for me. I only update my pension contributions when I receive my summary from my employer!