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Thursday, August 25, 2016

July 2016 – Net Worth

Posted by Tim Stobbs on August 1, 2016

The following is an update of Tim’s plan to retire early in 2018.  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 $51,340
LIRA $15,300
TFSA $76,420
Pension $144,470
Wife’s RRSP $81,320
Wife’s TFSA $61,020
Wife’s Taxable $43,650
High Interest Savings Account $2360

Investment Net Worth $475,880 (increase of $19,460 over last month)

Home Equity

Estimate $375,000

Spending

Last Month $2278

Nothing too interesting for spending. Rented an instrument for our oldest to start band in the fall and bought the kids some art for their rooms.  There old kid paintings were really in need of replacement.

Trailing Last 12 Month Average $2635 (or $31,629 for the last 12 months)

Results

PF Score: 26.9 {Target 31}

Net Worth ~$850,880

Commentary:

Well the investments shot up so much I actually ran the numbers twice to make sure I didn’t make an error.  Yes, the number is right, they went up nearly $20,000 in a month.  Granted some of that was contributions, but still that was a nice surge.

Any questions?

July 2016 Investment Net Worth

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June 2016 – Net Worth

Posted by Tim Stobbs on July 4, 2016

The following is an update of Tim’s plan to retire early in 2018.  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 $49,800
LIRA $14,900
TFSA $73,710
Pension $140,240
Wife’s RRSP $78,870
Wife’s TFSA $59,060
Wife’s Taxable $37,980
High Interest Savings Account $1860

Investment Net Worth $456,420 (increase of $1630 over last month)

Home Equity

Estimate $375,000

Spending

Last Month $6267

About $4500 of that was property tax and house insurance.

Trailing Last 12 Month Average $2445 (or $29,350 for the last 12 months)

Results

PF Score: 28.3 {Target 31}

Net Worth ~$831,420

Commentary:

Well given the gloom of the Brexit, I really expected this update to be worse, but the markets have mostly recovered from the shock and we managed a slight increase overall.

Spending was high for the month, but historically that is ALWAYS the case for June as it is the double doom of property taxes and our house insurance are due at the same time. Yet overall the trailing 12 months is staying in our target range of $30,000 or less.

Any questions?

June 2016 investment net worth

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March 2015 to May 2016 – Net Worth

Posted by Tim Stobbs on June 24, 2016

The following is an update of Tim’s plan to retire early.  Please note we are mortgage free and because I have forgot to do this for a while I’m jumping through all these months in a condensed version of my usual update.

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.

Investments, Spending

March 2015: Investment Net Worth $362,440; Monthly Spending $2429

April 2015: Investment Net Worth $365,070; Monthly Spending $928

May 2015: Investment Net Worth $377,210; Monthly Spending $2418

June 2015: Investment Net Worth $375,750; Monthly Spending $5024

July 2015: Investment Net Worth $380,060; Monthly Spending $2599

August 2015: Investment Net Worth $374,800; Monthly Spending $1201

September 2015: Investment Net Worth $365,540; Monthly Spending $2534

October 2015: Investment Net Worth $381,830; Monthly Spending $2589

November 2015: I honestly forgot to write down the numbers; Monthly Spending $2185

December 2015: Investment Net Worth $384,230; Monthly Spending $3886

January 2016:  Investment Net Worth $401,640; Monthly Spending $2169

February 2016: Investment Net Worth $406,480; Monthly Spending $2020

March 2016: Investment Net Worth $426,310; Monthly Spending $940

April 2016: Investment Net Worth $433,400; Monthly Spending $2278

May 2016: Investment Net Worth $454,790; Monthly Spending $2060

Home Equity

Estimate $375,000

Results

May 2016 Net Worth ~$829,790

Commentary:

Did your eyes hurt reading all those numbers? Mine did just preparing them, but after putting this off for FAR too long.

Just a few broad comments, you likely noticed the big jump in investments from Dec 2015 to Jan 2016, well that was because I was being lazy about helping my wife open up a taxable investment account.  So the cash just hung out in our chequing account for the last six months of 2015, which isn’t included in these updates.  The other notable jump was Feb to March 2016 which was just a combination of stock market surge, and tax refund.

Any questions?

investment net worth May 2016

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