February 14 / 2015 : Updated every mid month
Home 2015 assessed value total $1,253,000
Tax free saving account TFSA - $42,076
Retirement saving plan RSP - $145,343
Canadian margin account - $167,647
US margin account ( Ex Rate 1.2449)- $204,848
margin available $212,649
margin available $212,649
Equity total: $559,914
-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
-Residential Rental Property
Rental Home 3200 sqft Income property 2015 assesed value
-Start Up Company
Brewery start up share value
Checking account $2,559
Business account $10,132
January 2015 Grand Total Net Worth: $2,896,605
Jan. 2015 : $2,171,545 Details Link +$44,214
Dec. 2014 : $2,127,331 Details Link -$33,547
Nov. 2014 : $2,160,878 Details Link + $49,867
Oct. 2014 : $2,111,011 Details Link - $28,473
Sept. 2014 : $2,139,484 Details Link + $13,390
August 2014: $2,126,094 Details Link + $14,613
July 2014 : $2,111,481 Details Link + $5,584
June 2014 : $2,105,897 Details Link + $3,165
May 2014 : $2,102,732 Details Link
Big Month here with a huge increase to my Net Worth to a positive amount of $725,060. Wow!!!
Factors that have contributed to the increase:
The big one is plus $667,000 which is the the new home I purchased from my parents early inheritance. I am very grateful for the gift from them and will use it responsibility. I will not blow it on anything for myself like cars, jewelry , presents or vacations but rather to use it to further grow my investments.
The second big one is the strong 2015 so far in the markets and the weakening of the Canadian dollar compared to the US greenback. My account value in Canadian dollars surged from $505,508 last month to $559,914 this month for an increase of $54,406. My Reit stocks have rebounded greatly in this time as well as slight rebound in oil and a good run from my apple stock. Dividends and options premiums have also been strong this month which I likey.
In other news:
My brewery investment is starting to come together. We have our first big meeting tomorrow where all the investors are getting together for the first time and going to see the progress. Lots of the equipment have arrived and things are really moving. Spring is looking good for official launch.
I am also working on another house deal right now. I am just trying to figure out how much I can get financing for it before I move forward. I have a couple of options on it, ether just do small amount of work and flip it for a small gain or build a house on it for a larger payout. All depends on financing and rates at this point.
Also I have an update from my last POST where I have recently took in my nephew to come live with me full time. I got him a new look before school started. I got him a good haircut from my barber and for the first time he is using a bit of hair product in his 12 year old head. I also bought him a new wardrobe. I went into a youthful skater, surfer store and the girls working there helped us tremendously and transformed him into a hip looking young dude. He now has skinny jeans, joggers ( which I dont understand lol) Some kool t-shirts , hoodies , couple sweaters and a fresh pair of DC shoes. He was so excited he wore one whole outfit out of the store.
That night the school close to me called and said they had room for him and to start the next day in grade 7. The next day as we were walking to the school to get him all sorted a bunch of kids came up to him and said "Hey are you new? "Ya" "Awesome my name is Josh and these are my friends" After school when we picked him up he said he had the best day ever. He was beaming. He said he made lots of new friends and everyone was so incredibly nice to him. He was also in a bit of culture shock from being a minority in his old school where the kids would not speak English (90% Asian) to all the kids speaking English. I looked up the school rating from his old school and they were in the bottom 5% in the province ouch! This new public school is in the top 10% ranking of all schools which is great. I hope the next week he enjoys it as much as the first day.
I also made inquires to get him into Tae Kwon Doe and also Air Cadets. I think both are strong options for him to help mold him into a responsible, caring, self aware , confident man. I am really digging this cadet course as its free paid for by the government. What kid doesn't like learning how to use a rifle, go skiing and fly in small aircraft and gliders.
Stay tuned for more updates. Til then Grind On and Good Day!