As of March 25, 2016. "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.
Investments bounced back a bit after markets hit rock bottom, but many of my investments are still digging out and a couple have tanked out completely with significantly reduced dividends. Live and learn, I suppose. However, the good news is that the condo is sold, and I should have roughly $325,000 to be able to put towards the mortgage, which means that I will be mortgage-free in the next 2-3 months! It is a good feeling to be completely debt-free once again. With a baby on the way, there will be cash sunk on many expenses, but I should still have dollars left to be able to start building the investment portfolio again.
Being able to generate $50,000/year in passive income is a good goal to be able to work towards - I am currently at $39125.88 per year. If I can actually make enough money in passive income alone to support our daily expenses, that would allow us to significantly grow our net worth. However, the condominium selling removes a significant amount of additional expense which has been eating away at the numbers since the middle of May 2015. The condo will have been on the market for essentially 11 months before finally selling. |