SmartBoy's Net Worth for December 2012


Assets Value Change ($) Change (%)
Cash $78,901 $19,362 32.52%
Stocks $310,584 $89,381 40.41%
Bonds $84,192 ($46,847) (35.75%)
Annuities $0 - -
Retirement $131,925 $3,127 2.43%
Home $322,000 - -
Other Real Estate $0 - -
Cars $20,000 - -
Personal Property $2,500 - -
Other Assets $28,198 $5,517 24.32%
$978,300 $70,540 7.77%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $30,000 - -
Total Debts $30,000 - -
Net Worth $948,300 $70,540 8.04%
*All values shown in CAD ($)
Notes:
As of January 2, 2013. "Cash" = personal cash. "Stocks" = all non-registered equity investments, combined personal and corporate holdings (Canadian/US/International Index Funds & ETFs). "Bonds" = corporate cash (including actual cash and fully-liquid assets such as money invested in high-interest savings accounts). "Retirement" = all registered investments. "Other Assets" = TFSA account (Considered an "emergency fund" which holds only fixed-income assets). "Other Debts" = Interest-Free Loan.

A massive jump in the final month of 2012. I inherited a small amount of legacy assets that were listed under my name and now are officially under my control, in addition to having all of my back pay caught up. I am now basically caught up and there shouldn't be any further significant jumps such as this moving forward.

It has been a good year financially. I increased my net worth by about ~$289K, or 43.8% over my starting point on January 2, 2012. I remain completely debt-free other than for an interest-free loan that is due in another 1.5 years. I am only ~$51K away from hitting the magic mark of $1,000,000 - which I never really thought that I would be able to hit before the age of 35. Assuming that there are no significant hiccups, I should reach this mark by the end of February 2013. I will continue to maximize my limited tax-shelter vehicles including the RRSP and TFSA, and try to diversify more than I have done as my portfolio grows.

I think that it is reasonable to expect roughly $250K in annual growth in my net worth moving forward, and this is the benchmark that I will set for myself moving forward into the future. There were some unexpected windfalls this year that bumped the number higher than I cannot expect from one year to the next. Hence, by the end of 2013 I hope to see a net worth of ~$1,200,000.

Lastly, this year has taught me a valuable lesson in the need for work-life balance. I am working way too hard and I am not happy with my lack of balance. My goal in 2013 is to achieve better balance, and I already see some changes on the horizon which are going to make this possible. Happy new year!

Nothing spectacular this month - some back-pay came in that is why the numbers jumped a reasonable amount. I will likely be close to the $900K mark by the end of the year, which means that I should be able to hit the magic million mark come early in 2013. Need to invest some of my excess cash once again - hopefully will get that accomplished over the next week or so as things get tidied up for the year-end.

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