Retirement Portfolio Net Worth – As of July 4 - 2017

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 RESPs.

ASSETS:
June Contributions: $0
Retirement Portfolio: $465,920 (down $2,264 - stock market losses)
Rental Property: $80,000 (purchase price)

Total Retirement Assets: $545,920 (down $2,264)

LIABILITIES:
Investment Loan: $38,797 (down $677)
Rental Property Loan: $79,278 (down $496)
Total Liabilities: $118,075 (down $1173)

Retirement Portfolio Net Worth: $427,845 (down $991)

Dividends Received (year to date): $6,713 (up $1,682)

We didn’t make any new contributions this month and our investment portfolio was down another 0.5%. Normally, I would be pouring more money into the markets but this year I’ve been keeping a lot of it in our savings account because my wife will be taking some unpaid leave over the summer. Additionally, I’m choosing to fund the rental house improvements with cash instead of credit. I’ll update the rental property value once I’m finished.

We are still working on rehabbing the property so it’s not paying for itself yet. However, we’ve secured a great tenant that we know personally that will be moving in September 1 once the work is all done.

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