This is my nineth net-worth updates report for the year 2017. For those new to my finance journey, net worth update is a simple report I post 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 year plan) by saving and investing in stable dividend paying blue-chip companies.
I am posting all my financial information in 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 IQ.
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 publickly track my progress and get valuable advice from like-minded people.
In September 2017, my net worth increased by $4300 or 2.44% from my last month updates, thanks to modest gain in my Canadian investments.
Thus, my Canadian holdings perform well in the coming months, especially my financial holdings. At the same, my REITs and utilities stocks may take hit due to the rising interest rate. But, I am not making any major changes in my Canadian stocks.
In September, I made a couple of changes in both U.S and Canadian portfolios. Within U.S investment, I sold/reduced couple of positions and purchased few new investments.
In Canadian portfolio, I sold 75 shares of SU and took profits off the table. Use the money to reduce my debt load by over $3000, and also brought down my energy producer investment to less than 2% of my overall investment.
Now let’s talk about my net worth and finacial details in numbers
Last month, my net worth decreased by $4300 or 2.44% from my last update.
Net worth update as of September 30, 2017 ()
Assets: $509 600 ()
- Cash: $900 ()
- Home: $275 000 (no change) – Yearly adjustment with average inflation rate of 2%
- Canadian Stocks: :$179 500 ( )
- U.S. Stocks: $40 000 ()
- Employer’s Pension Plan: $14 200()
Liabilities:$328 800 ()
- Mortgage : $179 200 ()
- Student loan: $22 600 ()
- Margin loan: $62 200 ()
- Credit card 1:0 (no change) (paid-off)
- Credit card 2:$18 100 () (low interest credit card – 1.99% special rate for 12 months – will be expired in March 2018)
- Credit card 2:$11 300 () (low interest credit card – 0.99% special rate for 12 months – will be expired in March 2018)
- Line of Credit 3: $4700 (no change) (low interest credit card – 0% special rate for 12 months – will be expired in June 2018)
- Credit card 5: $6000 () – (low interest credit card – 1.99% special rate for 10 months – will be expired in November 2017)
- Credit card 6:$500 ( ) – (regular expenses)- high interest rate of 19.99%.
- Line of Credit 1 :$13 300 () – (low interest credit card – 2.99% special rate for 12 months – will be expired in February 2018)
- HELOC: $10 900 () – (low interest of 3.45% – primte + 0.5%)
Net worth :$180 800 () as of September 30, 2017
My net worth up by since my last update.
Note
- all amounts are rounded to the nearest $100;
- all numbers are in CAD; and
- Conversion rate 1.00 USD = 1.2511 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. Learn, earn, save,invest and leverage your skills are the keys to become wealth.
Thank you so much for being in my finance journey and for your support.
ADVERTISEMENT
Hi, I’ve been following this for a few months now. I’m wondering how much of your own money you put into stocks or is the growth just from the dividends? It’s impressive to see your net worth growing by about 5k per month. What is your annual income excluding dividends?
Hello Ken,
Thank you for stopping by,
Actually I didn’t track how much my own money I used, but according my TD portfolio manager software my portfolio gained over 90% in last 4-5 years. The percentage is not accurate because I moved money in & out very often.
I am making around $58K per year (pre-tax) from my day job (last year it was around $55K). Also, we receive around $380 from child tax benefits. As a single income family, we are rarely save money from my day job. Majority of my net worth gains from my investments 🙂
Best Regards,
Hi FJ!
I recently found your site and I like it alot! I’m on the same exiting journey of building my own Dividend Portfolio and atm I’m investigating monthly paying US and Canadian stocks (in Sweden most companies pay their dividends once a year).
My US monthly paying candidates: APLE, CLDT, EPR, LAND, LTC, O, STAG, WSR
My Canadian monthly paying candidates: NWH.UN, NVU.UN, BPF.UN
I would love to hear your opinion regarding Canadian monthly paying stocks. I’m looking for a couple of more candidates to my Canadian list and was hoping that you could shed some light.
Br. MK
Hello MK,
I have one of your U.S stocks (NYSE:O) and two of your Canadian stocks (TSE: NWH.UN, and TSE: NVU.UN).
Personally, I don’t recommend stocks for my readers. I would encourage them to do their own research before make any investment decisions. As a Canadian investor, it is difficult for me to understand Sweden based companies. I assume you may find same issues in your side. Thus, I decided to go with ETFs to have international exposure.
Cheers,
hi there, I read ur blog from time to time to check. I am interested in knowing how you manage to get a 0% intwrest rates on LINe of Credit?What bank you get it from?Do you apply for it and how you get the offer?I took your advice on taking advantage of the low-interest or 0% credit cards and imvest and so far happy. Thank you for being an inspiration.all the best!
Hello Betchay,
Thank you for stopping by,
First, I’ve never advice someone to take take loan and invest. As I always say, leverage investing is very risky. If you don’t know what you doing, then the lost will be much higher. Please understand the risk before make any decision 🙂
What bank get it from me by giving me 0% interest loan? (most of them are guessing)
1. I think I have a really good credit history. I use my credit cards for all the purchases and pay them back on-time.
2. Banks charge me 1% – 2% promotional transfer fee when they transfer money to my checking accounts. It is an immediate benefit for them.
3. Banks may think that if can’t pay back the balance before the promotional period, they can charge me much higher rate (around 21%).
4. Banks are able to circulate money and create cash flow (?)
5. If I make any purchase using the credit cards during the promotion period, they can charge interest rate for the purchases until I pay-down all the balance…
6. etc..
I hope this makes sense. Again, please understand leverage investing is very risky and please discuss with a qualified financial adviser before make any financial decisions.
Best Regards,