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Retirement Portfolio Net Worth - as of Dec5-2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs.

Well November was a big month for us. We bought our first multi-unit building for $230,000 this was the single biggest purchase we have ever made but I'm hoping it'll pay off in the future. The building is in great shape and when fully tenanted shows a healthy 8.9% cap rate. Since I was able to borrow the whole amount it seems like a great way to leverage our retirement account but still hold a tangible asset (while writing off the interest). Of course no rental unit is completely passive as there's inevitably going to be issues whether they be building repairs, vacancies, snow removal etc...

In an ideal world I would rather buy a basked…

Retirement Portfolio Net Worth - as of Nov1-2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs.

Well the markets have been in a real free fall in Oct and like most investors we felt a bit of pain. Overall our portfolio lost $26,000 which is approximately 5%. Even though that's a pretty substantial paper loss we still fared better than the overall market this month. Instead of selling I actually did a little bit buying and picked up some shares of ING and BEP.

We didn't make any new contributions this month and I spent another $300 on materials for one of the rentals.

ASSETS
Oct Contributions: $0
Retirement Portfolio: $476,402 (down $26,269 stock market decline)
Rental Property #1: $105,000 (lowest estimated selling price)
Rental Propert…

Retirement Portfolio Net Worth - as of Oct1-2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs. We didn't make any contributions this month and I spent about $500 on materials to spruce up an entryway at one of the rentals. If I had paid someone to do the work I estimate that it would have been about another $500 in labor costs.

ASSETS
Sept Contributions: $0
Retirement Portfolio: $502,671 (down $4486 stock market and currency fluctuations)
Rental Property #1: $105,000 (lowest estimated selling price)
Rental Property #2: $155,000 (purchase price)

Total Retirement Assets: $762,671 (down $4486)

LIABILITIES:
Investment Loan: $20,367(down $1,016)
Rental Property Loan #1: $71,189 (down $507)
Rental Property Loan #2: $150,857 (down $454)
Total Liabilities: …

Retirement Portfolio Net Worth - as of Sept4-2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs.

Well I managed to contribute $1000 into our investment account last month...not much but better than nothing. I did however put a few thousand dollars, and a couple weeks of sweat equity into the cottage last month. I figure being handy saved me about $6000 on that job. I likely won't be making any meaningful contributions next month either as I still have to contribute to our childrens education savings plans.

ASSETS
Aug Contributions: $1000
Retirement Portfolio: $507,157 (up $640 stock market gain + $1000 contribution)
Rental Property #1: $105,000 (lowest estimated selling price)
Rental Property #2: $155,000 (purchase price)

Total Retirement As…

Retirement Portfolio Net Worth - as of Aug1-2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs.

We didn't make any new contributions (yet again). However, we still had a stellar month with our net worth increasing by $15,000. The majority of this gain is due to stock market gains. Although, it looks great on paper next month could easily see drop of the same value.

ASSETS
July Contributions: $0
Retirement Portfolio: $505,517 (up $13,201 stock market gain)
Rental Property #1: $105,000 (lowest estimated selling price)
Rental Property #2: $155,000 (purchase price)

Total Retirement Assets: $765,517 (up $13,201)

LIABILITIES:
Investment Loan: $22,904 (down $1,012)
Rental Property Loan #1: $72,373 (down $511)
Rental Property Loan #2: $151,852 (down…

Retirement Portfolio Net Worth – As of July 3 - 2018

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESPs.
Well I wasn’t able to contribute any new capital this month as we’ve been on a little bit of a spending spree recently. We spend around $1,200 on travelling this month as well as bought some expensive water toys (kayaks, paddle boards etc…) for the cottage. It’s always a battle to balance my love of frugality with the rest of my family’s love for stuff…but I digress. Some positive news is that our retirement portfolio net worth has finally broken the $500,000 mark. It took a while to get here but barring any major market catastrophes I’m still on track to reach my goal of being a millionaire by 2025.
ASSETS June Contributions: $0 Retirement Portfolio: $…

Retirement Portfolio Net Worth – As of June 1 - 2018

Well we basically treaded water this month with a measly $3,335 increase to the retirement portfolio. We have a few vacation related expenses coming up in June but I'm hopeful that we'll still be able to contribute at least a few thousand towards the retirement account as we have a healthy cash position in our saving account. I'm also considering initiating a position in either Brookfield Renewable Partners (BEP.UN) or Brookfield Infrastructure Partners (BIP).
I'm also really looking forward to breaking the $500,000 retirement networth. I know it's more psychological than anything else but it gives me a sense of comfort to know that we in theory have half a million dollars of assets just sitting in the closet.
ASSETS May Contributions: $2625 Retirement Portfolio: $487,708 (up $1317 -$1,308 stock market loss + $2625 contribution) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price)
Total Retirement Assets: $746,391  (u…