4/16/2019
Neighbour Joe - Current Investment Portfolio
Today I am going to a quick summary of my investment portfolio. The last time I posted about my portfolio was back in 2017, shortly after this blog started. In the past two years, I have read a lot of books about investing and my current strategy is very different from what I posted in 2017. My current strategy is based on the focus value investing embraced by billionaire investor Warren Buffett. Basically, you find a good company that is undervalued and you go heavy on it. Your portfolio should be focused so that you maximize the gain from your winners. Personally, I am trying to keep a portfolio of around 10 companies. Here is a picture of my current portfolio.
Most of my holdings are dividend paying company with a few growth companies. A majority of the company are big and well-known because, in my opinion, it indicates that it is a successful and established company. Feel free to use my portfolio as a starting point to build your own wealthy portfolio, just make sure to do your own research.
4/08/2019
Two years into the journey and time for a quick summary
It's been two years since this blog started along with my journey to wealth. Just figure this will be a good time to summarize my progress and what I have learned in the past two years.
Net Worth
So I've plotted out my net worth on excel and added a 3-year linear projection trend line. For my initial net worth, I added in my pension value into it so the data makes more sense. From the trendline I should be well on my way to half a million net worth in the next 5 years, guess we'll wait and see.
Net Worth April 2017: $265,905
Net Worth April 2019: $347,353 (+30%)
It's been a pretty good two years, my investment portfolio did exceptionally well which gave me a good boost in my net worth. I've also been saving my income more diligently which helps a lot.
What I have learned?
One of the big things I learned is that getting rich is simple but requires a lot of discipline and effort. It's very similar to getting fit, there is no shortcut, you just need to work out often. Similarly, to grow your wealth, you just need to save more and invest your money wisely. The journey to wealth is not a sprint but a slow long marathon.
From an investment perspective, I am starting to learn about income investing and value investing which is a little more complicated than index investing. Starting to understand the ownership perspective in investing rather than from a trader/speculator's perspective and to think long term investing.
Summary
After starting this journey I have read a lot of books and blogs on personal finance, listened to a few podcasts and become more in tune with my money than ever before. I have shared my passion for personal finance, investment and early retirement with whoever wanted to listen. After two years, I would say that I am truly passionate about personal finance.
Net Worth
So I've plotted out my net worth on excel and added a 3-year linear projection trend line. For my initial net worth, I added in my pension value into it so the data makes more sense. From the trendline I should be well on my way to half a million net worth in the next 5 years, guess we'll wait and see.
Net Worth April 2017: $265,905
Net Worth April 2019: $347,353 (+30%)
It's been a pretty good two years, my investment portfolio did exceptionally well which gave me a good boost in my net worth. I've also been saving my income more diligently which helps a lot.
What I have learned?
One of the big things I learned is that getting rich is simple but requires a lot of discipline and effort. It's very similar to getting fit, there is no shortcut, you just need to work out often. Similarly, to grow your wealth, you just need to save more and invest your money wisely. The journey to wealth is not a sprint but a slow long marathon.
From an investment perspective, I am starting to learn about income investing and value investing which is a little more complicated than index investing. Starting to understand the ownership perspective in investing rather than from a trader/speculator's perspective and to think long term investing.
Summary
After starting this journey I have read a lot of books and blogs on personal finance, listened to a few podcasts and become more in tune with my money than ever before. I have shared my passion for personal finance, investment and early retirement with whoever wanted to listen. After two years, I would say that I am truly passionate about personal finance.
4/03/2019
Neighbour Joe - April 2019 Net Worth
Time for another monthly Net Worth update.
Asset
Chequing: $800
Savings: $1,505
TFSA Investment: $87,734 (Market Value)
RESP: $1,749 (Market Value)
**Real Estate: $224,000 (Purchase Price of my house)
**Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)
*Automobile is not included (No monthly car payment)
**These have not been updated since the start of this blog.
Liabilities
Mortgage: $121,435
*Credit Card is paid in full every month
Last Net Worth Update: $342,217
Current Net Worth: $347,353(+1.1%)
Passive Income
Current Passive Income: $2,308/Year or $192/Month
So starting this month, my wife and I have decided to try to save 50% of our take-home income, which translates to around $2,300 a month in savings. Hopefully, by doing this we'll be able to achieve financial independence quicker and retire early.
Asset
Chequing: $800
Savings: $1,505
TFSA Investment: $87,734 (Market Value)
RESP: $1,749 (Market Value)
**Real Estate: $224,000 (Purchase Price of my house)
**Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)
*Automobile is not included (No monthly car payment)
**These have not been updated since the start of this blog.
Liabilities
Mortgage: $121,435
*Credit Card is paid in full every month
Last Net Worth Update: $342,217
Current Net Worth: $347,353(+1.1%)
Passive Income
Current Passive Income: $2,308/Year or $192/Month
So starting this month, my wife and I have decided to try to save 50% of our take-home income, which translates to around $2,300 a month in savings. Hopefully, by doing this we'll be able to achieve financial independence quicker and retire early.
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