Posted by Tim Stobbs on June 30, 2011
Long term readers might remember that my June updates typically suck. This one isn’t much different.
Wife’s RRSP $19,900
Wife’s Investment Account $12,400
Wife’s TFSA $8,900
My Investment Account $6,200
High Interest Savings Account $1,400
Net Worth $424,600 (+$3,700 or +0.9%) [+ 10.7% YTD ]
Investment Net Worth $134,500 (-$5400 or -3.8%) [+ 6.0% YTD]
Mortgage is down by $24,600 or 63% of my goal for 2011.
June typically isn’t a good month for a net worth update since I have several large bills due around this time. As such I usually see about $5000 leave savings to cover off property tax and house insurance. I could balance off the savings during the year with a balance owing, but that seems like over kill for one crappy update a year. Also the hit to the equity markets nicely reduced my investment net worth even further.
The good news in all of this mess of numbers is the mortgage keeps dropping nicely. Actually I checked as of today I could stop lump sum payments and my mortgage would still be paid off by the end of my current term in spring 2014. So at least there is some good news in all of this.
Oh, one last thing. Someone had previously asked how can I do these updates without my files being up to date in a previous post. The answer is I don’t use my files at all for these values, I pull all of them directly from each website so the values are as up to date as I can get them.