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Monday, January 23, 2017

Dec 2016 – Net Worth

Posted by Tim Stobbs on December 31, 2016

The following is an update of Tim’s plan to retire early.  Please note we are mortgage free.

Our ultimate goal between investments and the home equity is a net worth of around $1 million.  The investment part of that target is $582,000.

Investments

Accounts

RRSP $52,910
LIRA $15,830
TFSA $74,580
Pension $151,790
Wife’s RRSP $83,590
Wife’s TFSA $70,020
Wife’s Taxable $62,880
High Interest Savings Account $14,880

Investment Net Worth $526,480 (increase of $19,390 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $3339

There was a bit more Christmas shopping in this month. Yet the big purchase was my wife’s Rider season tickets which was $1270 for the pair.

Trailing Last 12 Month Average $2726 (or $32,714 for the last 12 months)

Results

PF Score: 28.2 {Target 31}

Net Worth ~$921,480

Commentary:

Out of curiosity, I looked up our investment net worth from last year.  Back in the end of Dec 2015 we had an investment net worth of $384,230, so for 2016 we went up $142,250 (yes that is a crazy high number).  That is also a slightly misleading number as we had some cash put aside that wasn’t showing up in these updates since I wasn’t tracking that account (our chequing account by the way, it’s never shown up in these updates since it is just a spot for money to move around).  I estimate that was perhaps ~$12,000 or so, so the actual increase in our investments was likely closer to $130,250, yet that still is an 33% increase in our investment net worth.  By the way, no I didn’t track our actual contributions this year.  I would estimate our contributions at around $60,000, so backing that out would mean a pure investment return of ~$70,250 or 17.7% (which kicks the crap out of my little 4.5% target). Compounding is a great thing! ;)

Our spending was up a for the year, but that is hardly surprising as I’ve been making efforts to get certain upgrades and maintenance issues done around the house prior to leaving my day job.  The trend will continue next year as we have some big ticket items coming up like new singles for the roof.

Any questions?

Dec 2016 Invest Net Worth

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Nov 2016 – Net Worth

Posted by Tim Stobbs on December 1, 2016

The following is an update of Tim’s plan to retire early.  Please note we are mortgage free.

Our ultimate goal between investments and the home equity is a net worth of around $1 million.  The investment part of that target is $582,000.

Investments

Accounts

RRSP $52,280
LIRA $15,570
TFSA $72,000
Pension $147,830
Wife’s RRSP $82,540
Wife’s TFSA $66,480
Wife’s Taxable $60,800
High Interest Savings Account $9590

Investment Net Worth $507,090 (increase of $5480 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $4250

Well this month included the start of our Christmas shopping (~$1000) and our water softener finally died.  Given I suspect it was the original one to the house, it was more than time for it to be replaced.  That set us back $1,150 for a new one to be installed.  By the way, the water in Regina is REALLY hard so this is not an optional purchase.

Trailing Last 12 Month Average $2587 (or $31,049 for the last 12 months)

Results

PF Score: 29.1 {Target 31}

Net Worth ~$902,090

Commentary:

Well as I mentioned previously this month I finally hit financial independence, which was a nice milestone to hit.  So now comes the really boring part of the plan: save cash.  If you were wondering I always knew I would need to save a fairly big cash buffer and I left it until last because I didn’t want the drag on the portfolio when I was trying to get it to grow.  Now that the portfolio is growing with very little effort on my part the saving the cash should really just take some time.

Any questions?

Nov 2016 invest net worth

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Oct 2016 – Net Worth

Posted by Tim Stobbs on November 8, 2016

The following is an update of Tim’s plan to retire early.  Please note we are mortgage free.

Our ultimate goal between investments and the home equity is a net worth of around $1 million.  The investment part of that target is $550,000 (or higher).

Investments

Accounts

RRSP $51,720
LIRA $15,390
TFSA $74,200
Pension $148,000
Wife’s RRSP $81,890
Wife’s TFSA $65,350
Wife’s Taxable $58,070
High Interest Savings Account $6990

Investment Net Worth $501,610 (increase of $4850 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $1528

Would have been lower but we bought groceries at the start and end of this month.  Oh well, Nov spending will just be lower.

Trailing Last 12 Month Average $2597 (or $31,170 for the last 12 months)

Results

PF Score: 28.7 {Target 31}

Net Worth ~$896,610

Commentary:

Yah! We broke the half a million investments barrier this month!  That is a nice goal to reach and of course it means we are looking at saving our last $50,000 or so.  Which if the stock markets are kind we should be in a position for me to retire early some time next fall or winter but I will have to wait to see how it all falls out.

Any questions?

Net Investment Oct 2016

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