tripleoptician's Net Worth for December 2018


Assets Value Change ($) Change (%)
Cash $22,000 ($8,000) (26.67%)
Stocks $2,218,000 ($613,000) (21.65%)
Bonds $0 - -
Annuities $0 - -
Other Real Estate $1,600,000 - -
Retirement $327,000 ($9,000) (2.68%)
Home $0 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $0 - -
$4,167,000 ($630,000) (13.13%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $1,092,000 ($4,000) (0.36%)
Other Debts $225,000 ($422,000) (65.22%)
Other Mortgage(s) $0 - -
Student Loans $0 - -
Car Loans $0 - -
Credit Cards $0 - -
Total Debts $1,317,000 ($426,000) (24.44%)
Net Worth $2,850,000 ($204,000) (6.68%)
*All values shown in CAD ($)
Notes:
Large change in debt structure

Reduced debt cost to 2.5% via IBKR for most of investment leverage.
Targeting a max borrow of 25% of total corporate portfolio value
= $550K margin borrow max. Current balance is ~$400K

Have paid out BMO fixed loan and the other LOC which had debt cost of 3.95%
Effective interest savings = $6000/year
Increased non margin capacity to:
$175K personal LOC's
$200K Opco LOC
$30K HELOC

This allows some room for increased leverage in a down market. Current net long position ~ 110% - max is 125%

Hugely volatile markets leading to a bad December with stock losses, but USD increased to 1.35 CAD which reduced losses

Initiated starter position in Apple

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