I’m really having issues with it being the end of the year already. It’s past so fast! It’s certainly been an interesting one so far, so let’s check on my final net worth for 2009.
Wife’s RRSP $12,100
Wife’s Investment Account $12,300
Wife’s TFSA $6,500
My Investment Account $5,800
High Interest Savings Account $5,500
Therefore my net worth now stands at $304,500 for the end of Dec 2009. That is an increase of $23,100 or 8.2% from my last update. Of that my investment net worth was $98,700 which was an increase of $11,300 or 13%.
On a year over year basis net worth is up 38.7% (or $84,900) , while investment net worth is up 101% (or $49,600) for 2009. Umm…..(long pause)….well that went better than I thought possible!
Now obviously this net worth looks partly so good since last year at this time we were all collectively just had our investments crushed by the market drop in late 2008. The other factoring helping it along this year was the fact I focused on my increasing my investments this year and it really paid off. My investing net worth is now just short of the $100,000 mark and double what it was at this time last year. On an overall basis that investment increase is 58% of my total net worth increase this year, while paying off the mortgage was another 19%.
Which brings me to my little New Year present to myself. A quirk of how my benefits are applied to my pension at work means I’ll be getting a lump sum payment of $2300 on Jan 1, 2010 which I have NOT included in these numbers. So as of tomorrow I’ll have broken the $100,000 mark. Now that’s a good way to start a New Year.
So as impressive as this year was next year I’m shifting my focus to paying down the mortgage so I know next year I won’t have the same jump in my investment net worth. Any questions?
(Graphs will be posted later as I’m having issues with my spreadsheet this morning)