Retirement Portfolio Net Worth – As of Oct 3- 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

Sept Contributions: $0
Retirement Portfolio: $472,430 (up $15,788 - stock market gains)
Rental Property: $105,000 (lowest estimated selling price)

Total Retirement Assets: $577,430 (up $15,788)

Investment Loan: $34,134 (down $1,391)
Rental Property Loan: $77,618 (down $500)
Total Liabilities: $111,752 (down $1,891)

Retirement Portfolio Net Worth: $465,678 (up $17,679)

Dividends Received (year to date): $10,276 (up $1464)

Well this month was a good month primarily because of the overall rise in the markets.  However, I anticipate that October, November and December will be the best months of 2017 for us. This is due to a number of factors. Number one, my wife returned to work full time in September after taking an unpaid leave for the summer. Number two, we're finished all the renovations on the rental house and all the utilities and mortgage payments are now being fully paid for by the tenants.  Number three, a lot of our expenses are front loaded for the year ie- house and cottage taxes, insurance for recreational vehicles, cottage insurance, Christmas present bills etc....


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