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Tuesday, 12 April 2016
April 2016 Net Worth Update +4.99%

April 2016 Net Worth Update +4.99%

April 1, 2016

TFSA - $45,052.79 +6.49%

RRSP - $3,853.17 +3.09%

Stocks - $0
(purchased this month = $0)

Chequing - $790.90

Total: $49,696.86

Gain:  +4.99% or +$2,363.31



Tuesday, 1 March 2016
Feb/March 2016 Net Worth Updates - Tough times and Reflection

Feb/March 2016 Net Worth Updates - Tough times and Reflection

It's been exactly a year since I broke through the $50k barrier and yet here I am today almost three thousand dollars below that mark. At the time I was still struggling with my daily expenses and cash flow, but overall my numbers were still going up and up. Fast forward to today and I am down more than 11% from my peak. Through this site I am able to go back to that moment and glimpse the thoughts going through my mind - and I am glad to see a calm and rational mindset even during those highs.

"Another month of quite substantial gains generated by continued strength in the markets. I don't let these gains go to my head by pretending that they are somehow related to any skill I might have, as I know they could easily reverse in the coming months. I am not one to think that I can beat the markets and this forms the bedrock of my long-term investing strategy. Having said that, however illusory these gains may be, I still can't deny feeling a hint of satisfaction when passing these milestones along the way." - March 1, 2015


Feb 1, 2016

TFSA - $43,586.56 -3.91%

RRSP - $3,863.54 -4.43%

Stocks - $0
(purchased this month = $0)

Chequing - $1,173.08

Total: $48,623.18

Gain: -0.87% or -$425.99




March 1, 2016

TFSA - $42,305.29 -2.94%

RRSP - $3,737.59 -3.26%

Stocks - $0
(purchased this month = $0)

Chequing - $1,290.67

Total: $47,333.55

Gain: -2.65% or -$1,289.63
Friday, 1 January 2016
2016 TFSA Limit = $5,500

2016 TFSA Limit = $5,500

The CRA has announced that the annual TFSA contribution limit for 2016 will be $5,500. This makes the total possible contribution room since introduction a sizeable $46,500. 
"Under proposed legislation, starting January 1, 2016, the annual TFSA dollar limit for 2016 will decrease from $10,000 to $5,500.00. The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500."

*As usual, don't just take my word on something when it comes to your money. Check out the CRA site at the links below.
http://www.cra-arc.gc.ca/tx/rgstrd/papspapar-fefespfer/lmts-eng.html
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/cntrbtn-eng.html




Jan 2016 Net Worth Update +2.79% Stopped the bleeding

Jan 2016 Net Worth Update +2.79% Stopped the bleeding

I've somehow managed to stop the bleeding after four straight months of losses. I'll have more to talk about soon.

Jan 1, 2016

TFSA - $45,357.90 +1.27%

RRSP - $4,042.78 +1.18%

Stocks - $0
(purchased this month = $0)

Chequing - -$354.51

Total: $49,046.17

Gain: +2.79% or +$1,332.67


Saturday, 19 December 2015
Thinking out loud - Buying an apartment vs renting

Thinking out loud - Buying an apartment vs renting

Thinking out loud – Buying an apartment vs renting

Current rent: $800
Electricity not included (hot water tank and heaters are both electric)

For sale: similar apartment in same building but on different floor:
Apartment price: ~$145,000


Scenario #1
Possible down payment ~ $43,500 = 30%
Amortization period: 25 years
Mortgage rate: 3%
Mortgage term: 5 years

Estimated mortgage payment: $480.34/month
Maintenance fee: $155.00/month
Mortgage + maintenance: $635.34/month

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