tripleoptician's Net Worth for December 2019


Assets Value Change ($) Change (%)
Cash $44,000 ($4,000) (8.33%)
Stocks $3,185,000 ($5,000) (0.16%)
Bonds $700,000 - -
Annuities $0 - -
Other Real Estate $535,000 - -
Retirement $482,000 ($8,000) (1.63%)
Home $1,600,000 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $413,000 - -
$6,959,000 ($17,000) (0.24%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $1,058,000 ($2,000) (0.19%)
Other Debts $1,451,000 ($30,000) (2.03%)
Other Mortgage(s) $424,000 ($1,000) (0.24%)
Student Loans $0 - -
Car Loans $0 - -
Credit Cards $0 - -
Total Debts $2,933,000 ($33,000) (1.11%)
Net Worth $4,026,000 $16,000 0.40%
*All values shown in CAD ($)
Notes:
Flat market but CSU down 10%
Overall YTD 35% TWR

Completed new lending arrangement as noted below - upfront fee received. Monthly $3500 loan interest received in post dated cheques.
Will complete pre sale investment condo purchase with $20K discount pricing based on loan

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

Now -ve $1.451 million leverage in IBKR. Current excess liquidity around $530K within the account for the margin trigger. Backup LOC's available to inject capital if big market draw down in short term
USD stable 1.33 to 1.32


* 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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