FI3000

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. We didn't add any new money to our retirement portfolio this month but did put some extra money toward debt repayment. In total we paid off $5,774 worth principal in October. However, our portfolio declined by $11,038 due to stock market decline. ASSETS Oct  Contributions : $0 Retirement Portfolio: $484,309 down  $11,038  (stock market decline) 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: $1,024,309 (down $11,038) LIABILITIES : Rental Property Loan #1: $53,991 (down $3820) Rental Property Loan #2: $135,6...

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. Pretty steady-eddy this month we paid off our investment loans, only spent about $50 on the rentals and our retirement net worth basically stayed the same (down 0.5 %). ASSETS Sept  Contributions : $5000 Retirement Portfolio: $495,347 down $6,137 ($11,137 stock market decline + $5000 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: $1,035,347 (down $6,137) LIABILITIES : Investment Loan: $0 (down $515) Rental Property Loan #1: $57,811(down $549) Rental Property Loan #2: $136,397 (down $745) Rental Pr...

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. August was a pretty quiet month for the portfolio. I didn't make any new contributions and didn't have to spend anything on the rentals. It was nice to see the portfolio creep back up over the half a million dollar mark though. Real estate has also appreciated quite a bit in our area but for now I'm going to leave the value  of rental properties as they are. ASSETS Aug  Contributions : $0 Retirement Portfolio: $501,484  up ($20,430, stock market appreciation) 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: ...

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 July was a pretty good month. I transferred $4100 to our retirement accounts and only spent approx $280 for a new lawn mower for one of the rentals. As far as the market goes I purchased a half position in Algonquin Power and Utilities (AQN).It's also the first month since February where our retirement assets exceeded the 1 million dollar mark. Even though it's not a huge increase from last month it's a psychological boost to see seven figures again. ASSETS July Contributions: $4100 Retirement Portfolio: $481,054  up ($24,212, stock market + $4100 contribution) Rental Property #1: $105,000 (estimated selling price) Rental ...

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 June was a pretty good month. I was able make a $3500 RRSP contribution and had no issues with any of the rental units. So for the first time in a long time the amount spent on the rentals was $0. I do plan on replacing some windows later in the year but other than that I don't anticipate any major expenses for the rest of 2020. ASSETS June Contributions: $3500 Retirement Portfolio: $456,842  up ($5,910, stock market + $3500 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: $996,492 (u...

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. I was able to sock away another $4000 this month which is great. I had a number of plumbing issues at one of the rentals this month and had to spend approx. $350 and about 12 hours of my time to get them resolved. It was a bit of pain but hopefully I'll be good for a number of years in that unit now. ASSETS May Contributions: $4000 Retirement Portfolio: $450,932  up ($6,310, stock market + $4000 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: $990,932 (up $6,194) LIABILITIES : Investment...

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. April was a quiet month as far as the rentals were concerned and for the first time in a long time I didn't have to put any money into the units. COVID-19 is still obviously affecting the markets and the economy as a whole but the markets have seemed to stabilize and none of my tenants have indicated that they require a rent deferral. As far as the stock market is concerned I made 2 very small trades this month. I averaged down on Brookfield Property Partners and I sold my holding in The Stars Group ahead of their merger with Flutter. ASSETS Apr Contributions: $1250 Retirement Portfolio: $444,622  (down $37,116, stock market increase) Rent...