Retirement Portfolio Net Worth – As of Aug 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:
July Contributions: $0
Retirement Portfolio: $460,487 (down $5,433 - stock market and currency losses)
Rental Property: $80,000 (purchase price)

Total Retirement Assets: $540,487 (down $5,433)

LIABILITIES:
Investment Loan: $36,813 (down $1,984)
Rental Property Loan: $78,626 (down $652)
Total Liabilities: $115,439 (down $2,636)

Retirement Portfolio Net Worth: $425,048 (down $2797)

Dividends Received (year to date): $8,194 (up $1,481)

We didn’t make any new contributions this month and our investment portfolio was down another 1%. A large portion of this 1% decline was due to exchange rates. The only change to the portfolio in July was that I initiated a position in CVS. As I outlined in my last post I don’t think this is going to be a home run but will be a slow and steady grower that I can hold indefinitely.

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 is 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.

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