SmartBoy's Net Worth for December 2011


Assets Value Change ($) Change (%)
Cash $26,192 ($19,632) (42.84%)
Stocks $82,767 $1,749 2.16%
Bonds $63,840 ($972) (1.50%)
Annuities $0 - -
Retirement $102,951 $1,466 1.44%
Home $622,000 - -
Other Real Estate $0 - -
Cars $20,000 - -
Personal Property $2,500 - -
Other Assets $17,022 $220 1.31%
$937,272 ($17,169) (1.80%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $98,000 ($1,000) (1.01%)
Other Mortgage(s) $150,000 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $30,000 - -
Total Debts $278,000 ($1,000) (0.36%)
Net Worth $659,272 ($16,169) (2.39%)
*All values shown in CAD ($)
Notes:
As of January 2, 2012. "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). "Retirement" = all registered investments. "Other Assets" = TFSA account (Considered an "emergency fund" which holds only fixed-income assets). "Home Mortgage" = actual mortgage. "Other Mortgage" = Line of Credit. "Other Debts" = Interest-Free Loan.

Well, as expected, there was a turn for the worse this last month despite having a little income come in near the end. The significant drop is a bit of an illusion, however, as the accounting genius that I am managed to pay the federal government *two* installments of over $12.5K on December 15 instead of just one. So really, my end of year net worth should be more like $672K. Anyways, it'll come back in the wash when I get my tax refund + a little bit of interest from the government to boot, I think.

Numbers are also going to significantly change once I have sold my condominium officially and paid off all of my debts, which I look forward to doing very shortly. That will be a true indicator of my net worth as I have slightly overvalued the property of my previous condominium. With steady income coming in through all of 2012 I should hopefully be comfortably over $800K by the end of 2012 and invested nicely into Vanguard ETFs at last. Hopefully this will allow me to reach the million-dollar plateau by the end of 2013, unless something catastrophic happens.

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