Posted by Tim Stobbs on October 29, 2010
It is amazing how the markets direct these updates now. When the market is up I do better and when they fall it seems to flat line any progress. Anyway, on to the numbers.
Wife’s RRSP $14,800
Wife’s Investment Account $12,100
Wife’s TFSA $7,800
My Investment Account $6,100
High Interest Savings Account $4,000
Net Worth $370,000 (+$16,000 or +4.5%) [+ 21.5% YTD ]
Investment Net Worth $116,900 (+$10,300 or +9.6%) [+ 18.4% YTD]
Mortgage is down by $34,300 or 79% of my goal for 2010.
I’m in the last part of the year now and overall I’m pleased with the progress on my net worth this year. Over the next few months you should see some extra jumps in the investment net worth as I pile on the RRSP contributions to reduce my tax bill.
I keep working on my mortgage goal even when I know I won’t hit it this year. I took a reduction of hours at work which made making the goal impossible. There won’t be much progress on this goal for the rest of the year, but it looks like I should break the 80% barrier at least.
(Click to see larger version)