As of October 10, 2015. "Cash" = personal cash. "Stocks" = all non-registered equity investments, combined personal and corporate holdings (Canadian/US/International Index Funds & ETFs). "Bonds" = corporate cash (only actual cash, does not include any money in brokerage accounts). "Annuities" = Whole life policy, invested in corporate name. "Retirement" = all registered investments. "Other Assets" = TFSA account.
Well, there have been a lot of changes. The markets have been extremely volatile, and all of my oil and resource holdings have taken a significant hit. Add to this the fact that I purchased a new house valued at $600,000 and have assumed a mortgage as well. The condominium is currently for sale and I am sincerely hoping to be able to sell it soon. I loathe the idea of having a significant amount of debt, but with markets so volatile it may actually be a good time to consider purchasing some securities, especially during the tax loss selling season. The recent market volatility has helped me to recognize not to take those gains for granted, and to consider locking in some of those gains in the future.
Despite all of the changes, I am still slightly up in the right direction, although this also accounts for the fact that I have made ~$97,500 in income during that span of time. I estimate that I have lost approximately $90,000 on my investment portfolio since May. Yeah, it's been rough. I guess the question is whether we've hit rock bottom, and whether I should bail on some of these resource stocks once and for all.
Given how loathe I am to be in debt, I am somewhat irrationally trying to put a huge amount of cash towards the line of credit / HELOC which doesn't really make sense at this point in time to do. Things are tight with cash, so I think that loosening things up with the line of credit is a reasonable thing to do over the course of the next several months until the condominium sells.
Now that I have "sucked it up" and completed all of the requisite numbers, I'll be going back to my regular monthly posts as before. The psychology of actually seeing how bad things were was a scary proposition - now that I know the numbers, going forward we can focus on trying to get things moving in the right direction once again. Knowledge is power. |