As of January 2, 2013. "Cash" = personal cash. "Stocks" = all non-registered equity investments, combined personal and corporate holdings (Canadian/US/International Index Funds & ETFs). "Bonds" = corporate cash (including actual cash and fully-liquid assets such as money invested in high-interest savings accounts). "Retirement" = all registered investments. "Other Assets" = TFSA account (Considered an "emergency fund" which holds only fixed-income assets). "Other Debts" = Interest-Free Loan.
A massive jump in the final month of 2012. I inherited a small amount of legacy assets that were listed under my name and now are officially under my control, in addition to having all of my back pay caught up. I am now basically caught up and there shouldn't be any further significant jumps such as this moving forward.
It has been a good year financially. I increased my net worth by about ~$289K, or 43.8% over my starting point on January 2, 2012. I remain completely debt-free other than for an interest-free loan that is due in another 1.5 years. I am only ~$51K away from hitting the magic mark of $1,000,000 - which I never really thought that I would be able to hit before the age of 35. Assuming that there are no significant hiccups, I should reach this mark by the end of February 2013. I will continue to maximize my limited tax-shelter vehicles including the RRSP and TFSA, and try to diversify more than I have done as my portfolio grows.
I think that it is reasonable to expect roughly $250K in annual growth in my net worth moving forward, and this is the benchmark that I will set for myself moving forward into the future. There were some unexpected windfalls this year that bumped the number higher than I cannot expect from one year to the next. Hence, by the end of 2013 I hope to see a net worth of ~$1,200,000.
Lastly, this year has taught me a valuable lesson in the need for work-life balance. I am working way too hard and I am not happy with my lack of balance. My goal in 2013 is to achieve better balance, and I already see some changes on the horizon which are going to make this possible. Happy new year!
Nothing spectacular this month - some back-pay came in that is why the numbers jumped a reasonable amount. I will likely be close to the $900K mark by the end of the year, which means that I should be able to hit the magic million mark come early in 2013. Need to invest some of my excess cash once again - hopefully will get that accomplished over the next week or so as things get tidied up for the year-end. |