Posted by Tim Stobbs on October 28, 2011
I feel like I’m on a roller coaster on these net worth updates. Down and then up…at least going up is fun.
Wife’s RRSP $21,500
Wife’s Investment Account $12,900
Wife’s TFSA $10,800
My Investment Account $6,200
High Interest Savings Account $1,500
Net Worth $459,000 (+$35,200 or +8.3%) [+ 19.7% YTD ]
Investment Net Worth $139,600 (+$10,300 or +8.0%) [+10% YTD]
Mortgage is down by $35,900 or 92% of my goal for 2011.
Like all good things, sometimes it takes some patience to get there. Case in point this net worth is so hugely different from my last one it is almost scary (ok poor joke in honour of Halloween).
So a few major things shifted in the last two months. I got some much better data on housing prices in my area and the value of my house shot up again…not too surprising since I came across a stat saying housing prices on average are up almost 15% from last year.
The other improvement was the remarkable stock market jump from my last net worth update at the end of August. That helped correct that poor result and put things back on track.
The last good news is my mortgage goal for the year should be easily reached at this point. Actually I might be able to even exceed it a little bit if things go well.