Saturday, 14 June 2014

My Net Worth Update June 2014

     June 14 / 2014  : Updated every mid month


Home 2014 assessed value                                  total                  $1,190,000

-Equity Investments
Tax free saving account TFSA -               $33,850
Retirement saving plan RSP -                  $98,853
Canadian margin account -                     $137,668
US margin account ( Ex Rate 1.0851)-   $168,837
margin available $214,674.21
                                                                               total:                 $439,208

-Other Investments
Warehouse Income property 2014 assessed value
                                                                               total:                  $384,000
Chequing account                                      $1,928
Business account ( brewery startup money)
                                                                               total:                   $92,689


                                                                                  total:                       0
                 June 2014 Grand Total Net Worth:      2,105,897       

                                     Gain/loss from last month + $3,165
May 2014 : $2,102,732 Details link

Total investments and cash available     $915.897
Total non-income fixed assets  (home ) $1,190,000
   Net Worth Ratio
43.4% Investments and cash
56.6% Fixed Assets
  Investment Yields
-Warehouse commercial property Income 
 $1,912 a month minus $678 expenses ( maintenance,tax) =  Per month: $1,234                                              Yield on assessed value:  3.85%                Total year profits :$14,808

-Equities market value :439,208           Forward Monthly dividends Avg:  $1,213
-Average Forward Yield On Market Value  : 3.31%  
                                                              Total Forwards dividends yearly $14,556

    Grand Total Passive Forward Yearly Income :    $29,364

                  Per month average total     :          $2,447

 In Summary-
 Overall I am happy to be headed in the right direction as the last few years I haven't been. I don't expect large increases from month to month but hopefully a modest rising trend as I plan to keep my expenses low and reinvest my retained passive income. I should be able to retain at least 70% of my passive income on average each month which is equal to about $1700 of capital I plan to further inject into my equity investments every month. I do not foresee any large costs on the horizon other than my brewery startup and corresponding lawyer fees with it. Hopefully the markets continue upward and my plan of operation snowball my money into a billion is still intact.

Several factors have contributed to my June net worth.


-Market was generally up. My large APPL investment of 100 shares split to 7-1 to 700 and has been continuing to run up. It is about 15% of my portfolio weight which I feel is crazy high. I may start to trim down my position once I see $100-105 in post split price and balance out more my US portfolio. I am confident they will have a good run to at least the end of the year especially with iPhone 6 orders. Their Iphone 6 is slated to have a larger screen which was a major gripe with users as Android phones dominated the larger screen market. This pent up demand for a larger screen iPhone I believe will do gangbusters as their best initial launch phone to date. I for one am waiting on one. Apple plans on releasing a new product category and many are speculating it could be an IWatch. To me it is quite niche and the success of it will be dependent on its capabilities and more importantly price point. If successful it will spawn a revolution but if it proves to be a dud it will fall to the wayside like Samsungs current offering. I am guessing the latter but no doubt the Iwatch will receive that initial pop.

-Dividends have started flowing in for May $531.13 and so far in June of $332.60. Much more to come in June as many end of the month payers coming in. I have missed a few ex-div dates that pay this month so I am not fully efficient yet here but almost.

-Reduction of bills. I have really been watching and keeping track of my expenses and trying to live more frugally. I have cut down my internet and TV bill this month by cutting out unneeded services. I also cut down my cell phone bill a month prior by switching to a new provider

-Ebay. I have begun selling a few items I no longer require around the house and hopefully it will start adding up. Its remarkable how much stuff I have I do not use or care about anymore. Hopefully it will add up so I can buy some more stocks.


-Expenses. I had a few high bills this month primarily my Income property tax of $5800. Pretty frickin high for a property only worth $384,000 if you ask me. But you gotta pay the tax man! Also payed for yearly medical fees. It all adds up I tell ya.

-My income property rental. Turns out my tenants in my commercial warehouse rental were running some sort of high stakes poker game and got robbed! LOL The drama! The police got involved and needless to say I am finding new tenants. Problem is lease rates are down which my yield will go down. I have since found some new stable tenants for the next month. Overall my rent cheques will be going down from $2100 to about $1920  a month of a difference of $180 which kinda sucks. The projected yield of the property will be about 3.85% at its current accessed value of $384k. I have had the place listed for sale at 380k but is a soft market right now for identical places selling for about 350k so I took mine off. I plan on holding the property for another year and then re-evaluating whether to hold or sell then.

-Currency Exchange. I lost about $2000 in currency exchange fees from converting Canadian dollars to American in my trading accounts over time. It was a detail I overlooked initially as I didn't think much of it at the time of micro transactions. Lesson to be learned. I have since read up on ways to not pay crazy high exchange fees and will probably go that route in the future with larger transactions.

-It basically involves buying Horizons Us dollar ETF DLR in Canadian dollars. From there you call your broker and have them journal it over into you US account which will show up as DLR.U. This whole process can take up to 3 days while the trades settle and your cost would be only the two trades you would have to make so $20 or under. Also if the process takes 3 days you will be subject to currency fluctuations good or bad. Overall it is a great worthwhile method if you are doing large currency conversions from account to account.

To better explain everything here is a Moneysense magazine article on this
Moneysernse Norbits gambit

- Lawyer Fees Incoming- I will be incurring some lawyer fees in the near future as there were some costs with setting up everything for the brewery startup I will be investing in. Theses costs include professional counsel, my numbered company maintenance , bringing my holding company up to date and filing. I have budgeted this total amount to be around 5k and it could run hopefully way under that. Crosses fingers :)

-Unrelated Note- Somebody keyed my wife's SUV all the way around. Man this makes me upset. What kind of punk destroys anothers property like this. We have been racking our brains on how why and where this happened. It is not super noticeable but its there. Might be able to buff it out. We will see. I really don't want to pay for a $500 deductible to get the whole thing repainted and a claim on our insurance. Grrrrrrr.

Special Thanks

Special Thanks to Dividend Mantra for mentioning my post on his blog as it has has driven quite a bit of new traffic on to my noobie blog. Don't bother reading my blog without reading his first as he is my master! As a token of my gratitude for his generosity I bought him a beer and hopefully he returns the bottle for deposit lol. Catch him here at

 Special Thanks to Rockstar Finance for adding me to their net worth page. I currently hold the number one spot but I know there are many other bloggers out their with a higher net worth but are just shy or private about posting it. I don't anticipate being on top for long as many new people signing up and people with much higher growth rates than I. Catch them at

Special Thanks for all the readers and replies on the board. Much more than I anticipated! I really appreciate the constructive replies as I am slowly learning about blogging. Recently I took down all my kool pictures because of copyright laws I was unaware of. Silly mistake by me and thanks to those that pointed it out to me. I will start taking my own pictures soon enough. What free use image sites do you guys use? Everything here is still a work in progress so things will change accordingly with trial and error.

I am heading out with the family for a couple days on Sunday for a lil getaway. I think I may need a computer detox for a couple days as my family misses me lol.


  1. Asset Grinder,

    WOW. Look at that passive income? Your dividend income is going to be great. You own a warehouse too? This is awesome and gets us going even more to reach financial freedom. Nice job for the month and I'm excited to see what June will bring for all of us. Talk soon!

    -Lanny, one of the Dividend Diplomats

    1. Thanks for droppin by Bmore and Lanny. My yield on my warehouse dropped by almost 1% with this new tenant coming in. Lease rates are pretty low right now. I could of prob waited it out for a slight bump up in lease rates but I didnt want to lose a month or two. I got them on a 3 year term and after that I hope rates come back up. They seem like good tenants as they run a mom and pop organic cereal manufacturer and wholesaler so hopefully they pay on time and don't cause any trouble or damage. I hate dealing with tenants!! At least with commercial properties it is not as personally interactive as with residential. All I care about is that rent check and dont mess with my place!l :)

      Good Day and Grind On Boyz!

  2. AG,

    I can't wait to see when all your recent purchases cycle through. Your dividends are going to be off the charts. Great motivational stuff there. Keep grinding away!


    1. Dividends make me giddy! I just want more and more! Everyday I look at my dividend schedule and keep checking my account to see if they come in like a kid on xmas lol.

      Thanks as always MDP for droppin by. Love your continued consistent large monthly purchases as it motivated me too grind harder. I just might have to take up a paper route too get some more income to invest lol.!

      Grind On!

  3. Wow! Those are some impressive numbers, AG.

    Is the commercial property something that is replicable? Are there more for you to buy in the same area?


    1. Yah the commercial property is a dime a dozen in my area. They are all yielding about the same amount. Lease rates are volatile tho and at their lowest levels in quite a while.

      Will be more info about the brewery soon enough, some quick details.
      - Located on Vancouver island
      - Will have a tasting room with light food fare
      - Great looking brick building and lot visible from the highway
      - We are buying the building so this is also a real estate investment deal
      - Bottling plant will also be setup to start selling the beer bc and hopefully nationally wide one day
      - Fundraising almost complete, next step is ordering equipment and hopefully start pouring by 2015

  4. Asset-Grinder,

    Man, you sure picked a great name for the blog. Those are some serious assets. And you've obviously been grinding away at it!

    Color me green with envy. That's a hell of a financial position to be in. To have those kinds of assets and be debt free is simply amazing.

    Keep up the great work. Oops, I mean grind on! :)

    Best wishes.

    1. Thanks Jason for droppin by again. To me I don't really see my net worth figure as important to my well being as most. Sure it gives me security but what matters more is what direction it goes in. I dont have that much income right now so my rate of growth will be much slower. Many people in the 500-999k range have tremendous growth rates like u I am envious of lol. Catch 22. Its all about where u are going and not where u are at. Thats why I gotta get my butt in gear and keep up with the young bucks!

      Good Day and Grind On even harder Big Jay!

  5. Hi AG,

    Thanks for sharing your recent net worth update. I'm curious to know hw long it took you to pay off your mortgage for your home. Was paying down mortgage debt your first priority? As always good to follow you and see your updates.

    1. Foir my current home I never had a mortgage on it. I purchased it 4 years ago after I sold my more expensive home for 1.8 million. My previous home I had a small mortgage left on it at about 100k. Debt has always been a first priority of mine to pay. I really dislike owing anybody money, Individual or company. I am not opposed to take on debt for a greater opportunity at these current mortgage rates right now. Having said that I dont see reason enough to do so for myself. If the equity market crashes and interest rates remain low I will look into taking some short term debt in order to invest.

      Thanks for droppin by and your comments are always appreciated. Grind On!

  6. Very impressive numbers Asset Grinder,

    Great to see having a big asserts without debts. Keep it up.

    Best Regards

    1. Thanks for dropping by Arun. I will keep on grinding till i die or until I freeze my body for 100 years and then unfreeze to collect more dividends lol.

  7. you've done something to be proud of..........congrats...........thanks for spurs me on........:-)

    1. Thanks for droppin by CO. Anyone can do it with the focus and hard work and a bit of luck ;)