Oct-31-2017 Report

Here comes the second report! Yay… anyways, it looks like the markets have been far too rosy these days… so, I have to say these increases are not very realistic in general.

Here’s a snapshot on how we did!

First of all, the assets.

Cash:

Looks like we recouped back some cash that we spent last month. We’re now up from $26,682 to $32,067, a $5,385 increase. This already nets out our monthly investment purchases of $2,350 in our TFSAs and RRSPs.

TFSA (Tax-free savings account):

Not much here other than some contributions and market movements. Overall, our accounts were up $5,323 (4.82% increase) for the month.

RRSP (Registered Retirement Savings Plan) Investments:

Similar to the TFSA, markets were up for the month along with some contributions. We see an increase of $4,107 (5.44% increase) for the period.

Non-registered Investments:

These are our holdings in USD. We haven’t made any contributions to this account since 2013. As you can see, it increased by $5,239 (8.58%) for the month! I’m telling you… the markets have been way too positive lately LOL!

Company Stock Ownership:

Nothing much to say here, other than the fact it went up by $3,005 (a 6% increase).

Real estate:

As mentioned in the previous report, for both the primary residence and the investment property, we decided to fix the values at $750,000 and $310,000, respectively. Despite the professional’s appraisal of $805,000 and $320,000, respectively, we decided to assign a lower value to be conservative. After all, we might see Canada’s (especially Toronto’s) housing market fall… *shrugs* 🤷‍♀️

Not that we care ’cause we ain’t selling these anytime soon.

Investment Property Account:

We have a joint account where every activity associated with the investment property is tracked here. That is, all income and expenses run on its own in this account. The account for this month is up $1,850 from rent income, but that’s before any expenses. After considering the $935.37 mortgage and $197 interest on HELOC, it should bring us back down to $9,384. It should be noted that property tax has already been paid up with this account.

In sum, our assets went up from $1,395,201 to $1,417,480, an increase of $11,676 (1.60%) for the month.

Now let’s take a look at that debt!

Student loan:

This will be the same story from the previous report haha.

Since 2010 (him) and 2011 (me), we decided to invest instead of paying off our loans. Overall, we were lucky and it worked out in our favour due to a bull market after the 2008 crisis.

But honestly, with Canada’s two recent rate hikes, we are thinking about killing off our debt by the beginning of next year. We’ll see whether or not we’re feeling it… haha!

As for now, our outstanding balance reduced from $21,864 to $21,070.

ARGH… sometimes we really wanna just kill that bad boy, but we’re too addicted to investing (because we’ve been too used to returns that are greater than our loan’s interest rate)……. ahhhhhhhhh kill me already….

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Anyways, our combined student loans reduced by $614 for the month of October.

Primary resident:

The outstanding mortgage went from $394,117 to $392,956. As a result, $1,162 went towards equity thanks to the tenants! 😊

Investment property & HELOC:

The mortgage reduced from $246,134 to $245,724, with $409 going towards our equity.

All in all, our total liabilities went down from $730,034 to $726,292, reducing our overall debt by $3,742.

In summary, our net worth went up from $665,167 to $691,188 for the month, a $26,021 increase!