By: Ms Save Money
wow congrats on the 17% increase :) looks like you’re doing very well. I just started saving money this year and currently my networth is at negative $14,400. The only thing I owe is student loan and...
View ArticleBy: Jaeydaad
I was about to ask you for a post on where you started and how far are you from your destination.
View ArticleBy: Blogging Banks
Way to go MDJ! A 17% gain is a very good advance, considering that we are jsut halfway done with the year. Are you shooting for a 20% increase in networth?
View ArticleBy: Father of Five
I heard on CBC yesterday that the home renovation tax credit is not yet passed into law. Given the possibility of an election I am becoming hesistant about spending $10,000 to “maybe” get back $1,350....
View ArticleBy: Amanda Rush
Wel this is indeed a great post that can help us get a lot of ideas when it comes to hgandlin our finances well.
View ArticleBy: Tember
I see you crossed out your rental property. Did you sell – can you comment why?
View ArticleBy: Kumar
Congrats FT! Any changes to your holdings inside the SM investment account since June 17th? (I think your last posting of the holdings)
View ArticleBy: FrugalTrader
Tember, I sold the property to my tenants as we had a prior agreement to do so. Kumar, no big changes to my SM portfolio since the last update. I’m still waiting for a pullback! :)
View ArticleBy: cannon_fodder
FT, That means you still hold Teck, right? Must be one of your best performers in spite of suspending the dividend.
View ArticleBy: FrugalTrader
cf, unfortunately, I did sell the remainder of my TCK.B shares (100 shares). Do you still hold yours?
View ArticleBy: Frugal-Wannabe
FT, could you please explain your pension amount? is it CPP how do you know the actual amount? Also, any chance you could share your income statement sheet / monthly budget with us?
View ArticleBy: FrugalTrader
Frugal W, as mentioned before, the pension is my wife’s pension plan. That’s a good idea about the income statement/budget, I will look into it.
View ArticleBy: cannon_fodder
FT, Yes, I still plan to hold mine for the foreseeable future. My SM portfolio needs some diversification from financials and TCK helps. It’s almost tripled in price from where I bought it and I do...
View ArticleBy: nobleea
Father of Five: The HRTC just needs royal assent. It’s a rubber stamp. There’s no way it would get cancelled, regardless of an election. FT: With building a fence, organizing a garage (I think any...
View ArticleBy: Brendan
I am curious as to why you have 17K in non registered investments? Isnt the SM strategy to pay down your mortgage with the investments and reborrow the same amount?
View ArticleBy: FrugalTrader
Brendan, I have sold off most of my non-reg investments, but remain to hold onto a few. With the large correction last year, I just couldn’t sell the stocks at such a low price. Come to think though,...
View ArticleBy: Bob
Probably silly questions as I’m not a regular here but… 1. How does the percentage interest work behind some of your numbers? For instance “Savings: $10,000.00 (-9.09%)” if I understand this correctly,...
View ArticleBy: FrugalTrader
Hey Bob, feel free to ask away. 1. The savings had a negative b/c I withdrew from the account to pay for expenses. 2. I’d prefer to keep the home value as purchase price as I’d rather not deal with a...
View ArticleBy: DAvid
FrugalTrader, I don’t see why you don’t adjust your home value at some reasonable interval. Here in BC, we get an annual market appraisal as part of the taxation process, so annually in January is a...
View ArticleBy: FrugalTrader
Hey DAvid, you are right, I should be adjusting my home value. I think it’s a combination of laziness and leaning on the side of caution. However, in the new year, I think I will do some valuation...
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