FI3000

  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: I was fairly busy with the rentals in Jan. Luckily I only had to spend a negligible amount of money. Most of the work was sweat equity. We also made $13,000 worth of contributions to our TFSA accounts.   ASSETS. Jan Contributions: $13,000 Retirement Portfolio: $707,704 (UP $22,401 contribution + market appreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,172,70...

Overall 2022 was a very boring year for us financially.  Our retirement portfolio remained virtually unchanged (down 1.6%). Although this is definitely nothing to brag about we faired relatively well compared to the TSX (down 8.66%) and the S&P (down 19.4%). Despite the small decrease in our investment portfolio our net worth squeaked out a small gain of $19,414 due primarily to $16,000 of new money being added as well as a decrease in our liabilities on the rental properties.   ASSETS Contributions Made in 2022: $16,000 Retirement Portfolio: $685,363 (down $11,050) Rental Property #1: $130,000 (No change in 2022) Rental Property #2: $350,000 (No change in 2022) Rental Property #3: $300,000 (No change in 2022) Rental Property #4: $225,000 (No change in 2022) Total Retirement Assets: $ 1,670,605  (down $11,050) LIABILITIES : Rental Property Loan #1: $ 43,452  (down $3,206 in 2022) Rental Property Loan #2: $ 116,052  (down $8,622 in 2022) Rental Prop...

  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: December was pretty uneventful. No major issues with the rentals and I increased the amount of one of my loan payment on the rentals to compensate for the dramatic rise in interest rates.   ASSETS. Dec Contributions: $0 Retirement Portfolio: $685,303 (DOWN $19,698 stock market depreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,670,605  (down  $19,69...

  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: November was pretty uneventful. No major issues with the rentals. Although, there were a few minor issues that required a fair amount of my time, but not a large amount of my money. I also slightly increased the amount of 2 of my loan payment on the rentals to compensate for the dramatic rise in interest rates.   ASSETS. Nov Contributions: $3000 Retirement Portfolio: $685,303 (UP $19,440 stock market appreciation + $3000 contribution) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $30...

    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: October was slow and steady. We didn't purchase or sell any equities and everything was quiet with the rentals. Despite the dismal performance of the stock market in 2022 our our dividend income is actually up 20% when compared to the same time period last year. This is encouraging as one of the pillars of our early retirement plan is dividend income. This gives some comfort that we'll be able to ride out the occasional bear market without cutting back our spending.  ASSETS Oct Contributions: $3000 Retirement Portfolio: $662,863 (UP $25,087 stock market appre...

  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: September was a rough month mainly due to the rapidly deteriorating stock markets. Due to rapidly rising interest rates and deteriorating economic data it looks like we're surely headed for a recession. The question remains will the recession be shallow and brief or sharp and prolonged. Either way I will be staying 100% investing in equities and will adding to my positions in the coming months. The best time to buy has always been when things appear grim. ASSETS Sept Contributions: $0 Retirement Portfolio: $637,776 (down $35,937 stock market depreciation) Rental Property...

    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. ASSETS Aug Contributions: $1,000 Retirement Portfolio: $673,713 (down $5,471 stock market depreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,673,242  (down  $5 ,471 ) LIABILITIES : Rental Property Loan #1: $44,339 (down $231) Rental Property Loan #2: $119,615 (up $506 due to refinance fees) Rental Property Loan #3: $178,115 (down $729) Rental Property Loan #4...