As of February 1, 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.
Another drop this month, quite significant as a matter of fact, because I sold my property and had overvalued it to some extent on this website over the last couple of years. So in some sense that "net worth" was artificial, but what I have done now is valued the real estate that I currently own at the price that I paid for it, rather than market price, so I think this is a more realistic number for these purposes. All debts are now paid off with the proceeds of the real estate sale other than for my interest-free loan, so I am essentially "debt-free" once again, which is a good feeling.
With these new numbers in place and things looking more stable now from a financial perspective in the near future, I think it is time to once again set some goals for the upcoming year. I think that it is realistic to aim for a networth of $800,000 by year's end. Taxes and such will eat considerably into my earnings but if I am able to work steadily and keep my overall expenses down then I should be able make that number, which then would hopefully allow me to hit the magic $1,000,000 at the age of 35, which is a nice goal to have. I will redo my portfolio over the next month as time allows to get into ETFs now that I have a reasonable base to grow from and try to get everything as automated as possible. Corporate bank fees really irritate me! |