tripleoptician's Net Worth for October 2017


Assets Value Change ($) Change (%)
Cash $553,000 $506,500 1,089.25%
Stocks $2,468,000 ($254,000) (9.33%)
Bonds $0 - -
Annuities $0 - -
Other Real Estate $0 - -
Retirement $325,000 $19,500 6.38%
Home $0 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $0 - -
$3,346,000 $272,000 8.85%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Debts $507,000 $151,000 42.42%
Other Mortgage(s) $0 - -
Student Loans $0 - -
Car Loans $0 - -
Credit Cards $0 - -
Total Debts $507,000 $151,000 42.42%
Net Worth $2,839,000 $121,000 4.45%
*All values shown in CAD ($)
Notes:
INP at significant low. Other stocks doing well. USD up from 1.25 to 1.285 **Huge financial change with purchase of primary residence for $1.6 million. $500,000 in cash allotted for down payment and property tax. New mortgage will be for $1.13 million with monthly payments of ~$4500/mth vs current rent of $3000/mth. Decision to lever up holding company by repaying the ~$500K outstanding shareholder loan credit by borrowing against the stock portfolio ($350K in margin account and $150K from unsecured personal LOC) This is partially driven by proposed tax changes. Significant funds moving forward will be directed to de-leverage within the holding company first with some pre-payment of mortgage. Total $470K of available shareholder loan can be paid out tax free - COMPLETED

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