Net-Worth Update June 2015: $29,080 (+$1,265/+4.5%)
Welcome to June!!!
I apologize for a late release on my net-worth update this month. For some reason, I haven’t been getting much done lately financially but that is all about to change.
I did quite a bit of thinking lately and I have a new found appreciation of what personal finance is and why it is so important to me.
In any case, June is typically a slow month for stocks and it is no different in my case. This is how my numbers currently stand:
Assets: $46,496 (+2.1%)
Cash: $2,860
- I had recently gotten a raise at work. This will give me more cash per month to invest in my stocks.
TFSA: $39,548 (+3.3%)
- I had contributed $2,000 to my TFSA this month. This leaves me with $2,500 left of contribution room before I max it out.
- June was a really bad performing month for my investments. Most of my holdings took a big hit with special mentions to those in the energy and financial sector.
- My purchases in this month included additional shares in Bank of Montreal (BMO), Wal-mart Stores (WMT) and a new position in Enbridge Inc. (ENB).
RRSP: $1,712 (-9.0%)
- At the present moment, the majority of my RRSP is configured to the Canadian Index. It holds approximately 60% of this portfolio while the other 40% is split between the US and International Index.
- My investments in the Canadian Index took quite a hit this month and it has dipped under my original investment.
- The US and International Index is still in the positive. I will be looking to increase my holdings in the US index once I max out my TFSA.
Pension Contribution: $2,376
- I will update this section, every time I receive a summary from my employer. I don’t know if this will be updated again as I don’t plan on staying at my job for much longer.
Liabilities: $17,416 (-1.5%)
Student Loan: $17,091
- Still chipping $300 away per month at an interest rate of 5.5% for loan repayment. I am in no rush to repay this but I will look into refinancing it at a lower rate.
Credit Card: $325
- Just the typical eating out spending right here. I am also using my credit card to pay for my cable and phone bills. This section seems to be irrelevant though. I am thinking about removing it from future updates.
Total Net Worth: $29,080 (+4.5%)
8 Responses to “Net-Worth Update June 2015: $29,080 (+$1,265/+4.5%)”
Great job. 4.5% growth is amazing!
Thank you BSM! It is my hope that my growth will continue on throughout the rest of the year.
Congrats on the raise and good luck with the change.
Thats great progress over a month, ME. Thanks for sharing.
Best
R2R
Thank you R2R for the kind words!
To be honest, I am looking to switch out of my current job so the raise shouldn’t make much difference in a few months.
Hi Jeff
Congrats on the raise!!! That’s a step closer to your dream of achieving FI. Hope to see some of your updates again.
Hi B, I apologize for the infrequency of my posts. I will post an update on my life shortly and hopefully get my priorities back on track.
Thanks for sharing your recent net worth update with us. A nice gain with some decent progress on your debts. Keep up the good work.
Thank you DivHut!
I haven’t been doing much financially lately except grinding at my job. I plan on changing that soon.