Sunday, August 13, 2017

My Investment Portfolio

As promised, here is my investment portfolio as of today.

As you can see I have made a few bad investment in my early days of investing. The last two stock in my portfolio were definitely not the smartest decision in my life. However they were all prior to my journey and I have personally learned a lot from making such bad investment decision. Most of the stock in my portfolio was only added this year. The majority of my portfolio is currently with a Canadian tech company call Shopify which has been super bullish since the beginning of the year. I am also invested into two Marijuana stock because I think once the legalization happens in Canada these company will get a huge boost in profits. My personal investment strategy right now is to buy and hold because I found that when I try to invest for short term gain I rarely turn a profit. I am also going to avoid energy stock and try to focus on sector that are less susceptible to global and political factor. I think stocks like Mastercard are excellent because for the foreseeable future the world will still be relying heavily on credits even if retail stores start moving online.

Anyway, I am not here to give advice or tips on which stock to invest into. This post is to give you a better idea of my investment so that when I do my monthly update you can see why the numbers are what they are. One last thing, my portfolio currently generates around $300 in passive income annually.

Tuesday, August 1, 2017

Neighbour Joe - August 2017 Net Worth

Hi everyone, it's time for another monthly update of my net worth. A lot happened this month, I moved to a new province for work which meant I brought a new house and sold my old house. The transaction haven't fully settle yet so I am going to give an approximate amount.  


Asset 
Chequing: $4,149.85
TFSA Investment: $31,165.04
TFSA Mutual Fund: $3,525.77
Real Estate: $224,000 (Purchase Price of my new house)

Work Pension: ~$153,000 (I checked in Jul 2017 but I can't remember the exact amount)
Approximate cash from house sales(Sales price - old mortgage) : ~$91,000

*Automobile is not included as I feel it depreciate too fast and will give a misrepresentation of my true net worth

Liabilities 

Old Mortgage: $0
New Mortgage: $179,200
LOC: $12,066.71

Bridge Loan: $30,000

*Credit Card is not included as it is paid in full every month
Current Net Worth: $285,574.66 (+5%)

A reason for the increase in net worth is my investment which is doing better than last month because Bombardier stock price went up recently. I still haven't contributed any additional money to my investment since this blog started. I am planning to make a post later to show everyone my investment portfolio.

The main reason my net worth went up is because my wife took $10,000 from her saving for the down payment of the new house. Since her net worth is not part of my calculation, this transfer reflected in an increase in my net worth.

One last thing, as you can see i'll have a lot of cash on hand soon. My plan is to paid off all the loan and as much of the mortgage as I can without incurring any penalty. I'll then set aside the max amount for mortgage pre-payment for the new calendar year. Then whatever is left will be invested in my TFSA.