Net worth update – April 2021

A short intro for new readers

If you are not new here, then you can simply skip to the next section.

For those new to my finance journey, this net-worth update is a simple report I publish every month, which tracks the progress of my journey to reach my financial goals.

My ultimate financial goal is to become a self-made millionaire by December 2024 (10 years plan). I have a strong belief that I can achieve this goal by saving and investing in high-quality dividend-paying blue-chip companies. I am also a strong believer of ‘compounding’ power, and I believe if I can push myself now and build a decent net-worth, then the ‘ compounding effect’ will give a heavy lifting in my later part of this journey.

I am posting all my financial information on this website because I love to inspire and motivate people to start their own journey to reach their financial freedom. You could learn from my successes and failures (experience) and improve your financial knowledge.

Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.

Also, I like to publicly track my progress and get feedback from like-minded people.

April Net-worth Update

My net worth increased by $17 200 or 3.29% in April.

Thanks to the tax refund of around $4000 and favourable stock market momentum. I believe the stock market will continue to move higher in the long term.

And I plan to stick with my investment strategy. Slowly but steadily, I have been keep moving forward to reach my long-term financial goal.

Net-worth change in April 2021

Assets value

My assets value increased by $15 500 last month and reached a new high of $929 300.

I continue to believe the value of my asset could reach $1 million or even go higher by the end of this year.

If it happens, it would be the best achievement for this year.

All assets values are flying high fuel by excess government spending and low-interest rates. I think it will continue to go higher. There will be some speed bumps along the way, but they will be temporary.

Liabilities

My debt decreased by $1700 to $389 400. I slowed down the purchase of the assets in April due to high valuation.

I am not too worried about my debts now. I moved most of my debts into a fixed-long term mortgage. Thus, handling my debts is much easier than ever before.

I have so many credits available to use, but I will be used only to purchase assets. I won’t spend them on any unnecessary things.

Net-worth

Therefore, my net worth increased by $17 200 and reached a new high of $539 900.

As I always say, leverage investing is very risky. If you don’t use it properly, it will destroy your wealth. Please do your research or discuss with qualified financial advisors before making any financial decisions.

Let’s see my net-worth in numbers.

As I always say, I am here to share my financial freedom journey with this site’s readers. My financial goals, financial situations, and risk tolerances are much different from yours, and blindly copying my ideas may not benefit your life. Please do your research or discuss with qualified financial advisors before making any financial decisions.

April 2021 Net-worth Update

Net worth update as of April 30, 2021 (+3.29%)

Assets: $929 300 (+$15 500)

• Cash: $3100 (+$1300)


• Home: $395 000 (no change) –conservative estimated value


• Canadian Stocks: : $403 800 ( +$9200 )


• Small-cap Portfolio: $14900 ( +$2800 )


• U.S. Stocks: $62 100 ( +$1500 )


• International Stocks: $12300 ( +$200 )


• Employer’s Pension Plan: $38 100( +$500 )

Disclaimer..

Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

My financial situations, goals and risk tolerances will be much different than you. Therefore, please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

Liabilities: $389 400 (-$1700 )

• Mortgage -1:$177 400 ( -$500 )


• Mortgage -2: $134 200 ( -$400)


• Student loan: $5300 (-$100)


• Margin loan: $58200 (-$700)


• Credit card 3: $14100 (-$200) (low interest credit card – 0.99% special rate for 12 months – expires in November 2021)


• Credit card 7: $200 (+$200) – (regular expenses)- high interest rate of 19.99%.



Paid-off loans

• Credit card 1: $0 ( no changed )


• Credit card 2: $0 (no changed)


• Credit card 4: $0 (no changed )


• Credit card 5: $0 (no changed)


• Credit card 6: $0 – (no changed


• Line of Credit 1 : $0 (no changed)



• Line of Credit 2 : $0 (no change)


• Line of Credit 2 (HELOC) : $0

Net worth : $539 900 ( +$17200) as of April 30, 2021

My net worth was up by +3.29% since my last update.

Note

• all amounts are rounded to the nearest $100;
• all numbers are in CAD; and
• Conversion rate 1.00 USD = 1.2291 CAD

I have a huge credit card debts because I take advantage of low balance transfer promotion rate and invest in high quality dividend stocks.

Thank you so much for following my finance journey and for your great support.