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: April was a very quiet month, no major issues with the rentals. ASSETS. April Contributions: $2,000 Retirement Equity Portfolio: $714,357 (UP $18,522 stock 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: $1,719,357 (UP $18,522) LIABILITIES : Rental Property Loan #1: $42,659 (down $179) Rental Property Loan #2: $113,728 (down $563) Rental Property Loan #3: $172,84...

  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: March was a very quiet month. We contributed $8,000 to our investment account however, despite the contribution our equity portfolio was still down another $11,000 due to the general market. As the old expression goes - a falling tide lowers all ships. On a more positive front we didn't experience any significant issues with the rentals.   ASSETS. Mar Contributions: $8,000 Retirement Portfolio: $695,835 (DOWN $11,869 stock market depreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Propert...

  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: February was a very quiet month. No major issues with the rentals and no contributions or purchases in the stock market.   ASSETS. Feb Contributions: $0 Retirement Portfolio: $707,704 (DOWN $11,114 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: $1,701,590  (down  $11,114 ) LIABILITIES : Rental Property Loan #1: $43,053 (down $207) Rent...

  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...