As of December 26, 2016. "Cash" = personal cash, including partner's account to which I am contributing and responsible for. "Stocks" = all non-registered equity investments, RESP savings, combined personal and corporate holdings (Canadian/US/International Index Funds & ETFs), but also including RESP holdings for Kevin. "Bonds" = corporate cash (only actual cash, does not include any money in brokerage accounts). "Annuities" = Whole life policy, invested in corporate name. "Retirement" = investments in RRSP accounts only. "Other Assets" = investments in TFSA accounts only.
Incredible gains in the stock market this month have helped to drive a huge increase in my net worth this last month. I did purchase an engagement ring worth $21,000 so I took a hit in the cash column but I did add it to the personal property column since it is a pretty substantial asset. Corporate investment account is near $1 million. Stocks are pretty overpriced at this point, so not completely sure what I am going to put my assets into.
Despite making some huge purchases (e.g. house, landscaping, engagement ring) there has still been a steady increase in the net worth column. Again, difficult to predict how 2017 will go, I will stick with a conservative figure of $2.6 million, which is around $250,000 over the current figure. With predictable and consistent income, this should hopefully be achievable even if the stock markets aren't quite as great as they have been post-Trump.
On a more personal note, since this serves as essentially a personal diary as well as a financial diary, it has been a blessed year. Kevin is currently in the carrier in front of me, he is just incredible in every way, and we're so fortunate to have him. Janelle and I have our home secured, and in many ways our finances secured in the long-run. I am 38, she is 33. I guess the hard work has paid off, but our philosophy of ensuring our financial independence through diligent investing and avoiding unnecessary consumerism will carry the day. Cheers to 2017! |