tripleoptician's Net Worth for November 2019


Assets Value Change ($) Change (%)
Cash $48,000 $15,000 45.45%
Stocks $3,190,000 $190,000 6.33%
Bonds $700,000 $700,000 -
Annuities $0 - -
Other Real Estate $535,000 - -
Retirement $490,000 $31,000 6.75%
Home $1,600,000 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $413,000 $41,000 11.02%
$6,976,000 $977,000 16.29%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $1,060,000 ($3,000) (0.28%)
Other Debts $1,481,000 $734,000 98.26%
Other Mortgage(s) $425,000 ($1,000) (0.23%)
Student Loans $0 - -
Car Loans $0 - -
Credit Cards $0 - -
Total Debts $2,966,000 $730,000 32.65%
Net Worth $4,010,000 $247,000 6.56%
*All values shown in CAD ($)
Notes:
Big transition month:
Stocks performed very well this month up about 6.5%

Completed new lending arrangement as noted below - upfront fee received. Monthly $3500 loan interest received in post dated cheques.

Monthly interest cost on IBKR loan to facilitate above loan cost ~$1400/mth to net $2100/mth x 6 months.

$30K USD into new VC investment (held in other assets)

Now -ve $1.481 million leverage in IBKR. Current excess liquidity around $500K within the account for the margin trigger. Backup LOC's available to inject capital if big market draw down in short term
USD improves 1.31 to 1.33


* new lending arrangement secured by 2nd mortgage of $700K on borrowers house starting Nov 1st
Will be held as bond type asset yielding 6%/annum plus fees
Will borrow from IBKR to facilitate loan (2.4% charge)

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