Retirement Portfolio Net Worth - 2019 Year End

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.

 Overall December was a pretty positive month. I didn't do any work on the rentals or my investment portfolio and still managed to post an $8,085 gain to my retirement net worth. I'll post a year in review summary sometime in Jan.

ASSETS

Dec Contributions: $2000
Retirement Portfolio: $516,785  (up $4,756, stock market increase + $2000 contribution)
Rental Property #1: $105,000 (estimated selling price)
Rental Property #2: $205,000 (estimated selling price)
Rental Property #3: $230,000 (purchase price)

Total Retirement Assets: $1,056,785 (up $4,756)

LIABILITIES:

Investment Loan: $7,243 (down $958)
Rental Property Loan #1: $62,822 (down $698)
Rental Property Loan #2: $143,078 (down $768)
Rental Property Loan #3: $217,778 (down $905)

Total Liabilities: $430,921 (down $3,329)

Retirement Portfolio Net Worth: $625,864 (up $8,085)

Dividends Received (year to date): $17,497(up $2502)

Comments

Post a Comment

Popular posts from this blog

Purchased Another Rental Unit

Well we’re doing it again. We’ve purchased another rental home. Our most recent purchase is a detached, 3 bedroom, single family, 2 story home in a decent area of town. Unlike our other rental this one will appeal more to families. There is a large fully fenced yard so we’ve decided we are going to allow pets (many landlords in our area do not) which should appeal to higher income earning pet lovers. The house is currently vacant and is move in ready. However, I’m going to add a half bathroom on the main level, replace some flooring in the bedrooms and do a long list of smaller aesthetic fixes ie-painting etc…I’m hoping to have all this completed by mid January however, as anyone who’s done renovations knows timelines often have to get stretched. Once the renovations are complete we’re going to try and rent the home for what we believe is the top end of what comparable rentals go for. This is a learning experience for us so we figure if after a few weeks we don’t get any bites
Read more

Retirement Portfolio Net Worth - As of Dec01-2023

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) 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 children’s RESP. COMMENTARY: What a difference a couple months made.  Our retirement portfolio increased by a whooping $ 63,917. The large jump was caused by a combination of stock market appreciation, aggressive debt reduction and an $8K contribution to our equity portfolio. ASSETS. Oct + Nov Contributions: $8,850 Retirement Equity Portfolio: $735,870 (UP $45,166) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Asset
Read more

Retirement Portfolio Net Worth – As of May 1- 2017

- 2922 Days until Retirement - The goal is an investment portfolio 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: April Contributions: $0 Retirement Portfolio: $476,479 (up $3,862 - stock market gains) LIABILITIES: Investment Loan: $41,102 (down $1,305) Retirement Portfolio Net Worth: $435,377 (up $5,167) * Dividends Received (year to date): $4275 (up $1,190) We didn’t make any new contributions this month as I’m currently in the process of closing on my first rental property. I want to keep some powder dry to in order to fund some improvements before renting it. Next month I’ll be including the new equity/debt and cash flow of the new rental. 
Read more