SmartBoy's Net Worth for July 2010


Assets Value Change ($) Change (%)
Cash $33,034 ($3,195) (8.82%)
Stocks $24,683 $3,177 14.77%
Bonds $0 - -
Annuities $0 - -
Retirement $66,690 $2,895 4.54%
Home $300,000 - -
Other Real Estate $0 - -
Cars $7,500 - -
Personal Property $2,500 - -
Other Assets $10,371 $9 0.09%
$444,778 $2,886 0.65%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 - -
Net Worth $444,778 $2,886 0.65%
*All values shown in CAD ($)
Notes:
As of July 31, 2010. "Retirement" = all registered investments. "Stocks" = all non-registered investments (Canadian/US/International Index Funds). "Other Assets" = TFSA account (Considered an "emergency fund" which holds only fixed-income assets).

Only a small gain this month as the only money coming in was the remnants of finishing my residency, but the numbers will jump dramatically as income from a "real job" flows in over the course of the next month. It's like income "shock" going from a resident's salary to the salary of an attending physician. There were a lot of associated expenses in terms of getting everything sorted out with provincial licensing and what not but all of that is tax-deductable anyways.

Seems as though the markets have continued to bumble along - at least my investment portfolios are not losing value despite regular contributions! I remain pleased that everything has been automated nicely and I will have to ponder what to do with all of the extra cash that will soon be piling up. There are worse problems to have, I guess.

Back on track with a small gain; had to pay the lump-sum property tax at the end of the month which took out a significant chunk, and stocks have been lousy again this month as the roller coaster continues. Will be starting work soon in mid-July and then steady income stream will be present which should lead to some nice increases in the net worth and pretty easy attainment of the $470,000 net worth goal by the end of the year.

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