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Retirement Portfolio Net Worth - as of Feb4-2019

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 RESP.

What a difference a month can make. After being crushed by the market in December we've had a fantastic January and reversed all the pain of the previous month. I had a few minor issues at two of the rental units that I was able to fix with about $200 and approximately 5 hours of my time. That being said all the units are rented, the tenants seem happy and everybody paid their rent on time. I'm currently sitting on a decent pile of cash in my saving account (which is not included in the below numbers). I'm keeping that money in reserve as February is usually quite an expensive month because the first of the tax bills are issued. Between m…

Retirement Portfolio Net Worth - as of Dec31-2018

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 RESP

Well December was a rough month for almost everyone who's invested in the stock market. One of our vehicles also died so we bit the bullet and forked out for a new one. I had the majority of the vehicle money in a saving account however, I still had to borrow about $9,000 from one of our credit lines to cover the full purchase price. I also transferred some money from our retirement account into our children's Education Saving account (which isn't included in our retirement numbers).

Although we had a paper loss of about $30,000 (approx 6.5%) this month it's important to step back and realize that the S&P lost around 8%. I've b…

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…