Posted by Tim Stobbs on October 30, 2008
Ok, let’s check in on the damage this month.
Wife’s RRSP $6600
Wife’s Investment Account $5900
My Investment Account $7100
High Interest Savings Account $3000
Therefore my net worth now stands at $219,000 for the end of October 2008. That is an decrease of -$8,200 or 3.6% from my last update. My year to date net worth increase now stands at 1.9%.
Well the damage here isn’t a bad as I initially expected. The local housing market is a bit of a mess. You got older high listing and a few desperate people selling at very low prices. Hence getting a market value on my home was almost impossible to determine in any exact fashion. Yet as an overall level my last estimate of my house value is likely still approximately correct.
My investment accounts and RRSP’s keep sinking like stones, but I keep buying as things drop. The rebalance on my RRSP accounts should be interesting at the end of the year. On the investment side we’ve picked up two new stocks: CDL.B and APF.UN. Both had been on my watch list for some time. I’m really glad I didn’t pick up any APF.UN until after they cut their distribution by 74%.
Overall I’m amazed that our net worth for the year still have a positive value after all of this mess. Obviously if it sinks much further this year will be a complete loss.
For more details see the following graphs (click to see a larger version).