Posted by Tim Stobbs on August 29, 2007
I know I’m a bit early on this post, but I slept in this morning and it’s my only draft that was close enough to a complete post to use. So here we go.
Old Work Pension $11,600
New Work Pension $2300
Wife’s RRSP $5500
Wife’s Investment Account $8400
High Interest Savings Account $2100
Line of Credit $0
Therefore my net worth now stands at: $196,400. Overall an increase of +$6,400 or 3.4% from my last check up.
There appears to be a bit of calming in the real estate market here. I’m hearing less stories of over bidding on houses, but the other thing I’m seeing is less listings in my area. So trying to gauge my house market value has been difficult. So this month I’m only increasing the value by $5,000 which is only based on one ‘sort of’ similar house that went for sale in the area.
The stock market slide has also impacted the accounts overall. They don’t look as bad as they should because the cash added to the accounts has been covering their losses overall so I’m at least breaking even on most of the investment accounts right now. I’ve taken most of the extra cash that we had in the old ING account and picked up some more EIT.UN. By the way I made the switch over to RBC’s high interest account, the thought of instant transfers was just too appealing. I guess this is the end for the traditional savings account. One last thing I did in the last while was prepare the mortgage to start accelerating it’s pay off.
So given the cooling in the local real estate market and the slide in the stock market I’m happy with my increase over last time. After all I’m still up by 145% from my net worth at the end of 2006.