In Budget Roundups, Money

August 2020: The Net Worth and Investments Roundup

Note: All the graphics you will see below, and charts, were made with TheBudgetingTool.com.

https://www.thebudgetingtool.com

All net proceeds go to charity! (Always and forever.)

Sherry’s August 2020 Net Worth

Still a millionaire. LOL… I am hoping to get to $1.1 by the end of the year, but unless I get a contract, I am relying on my 11 side incomes.

$1,077,340.49
Or an increase of…
+$24,605.18 or +2.28%

This is how I invest half of money in the stock market and the other half is split between alternate lending (Lending Loop review here), and mostly in dividends (here is my dividend short list of stocks I was looking at to buy for Canada and the U.S.)

$1.1M by end of this year?

You can read all about it here – How I became a millionaire at 36 while working 50% of the time.

I stopped working at the start of the year because of COVID fears from the company I was contracting with, and so far, nothing has come up.

I am low-key aiming for $1.1M by the end of this year, it’s a nicer number to write than $1.07 for instance.

The Net Worth Breakdown in Detail

I still feel like I made some bad mistakes like plunging SO MUCH MONEY (over $130K) at the peak of the market into various stocks and indices, and I didn’t wait with dumb luck until March. Then when I lost my contract in March unexpectedly, I went into panic mode and started conserving my money instead of dumping it into the market, at its all-time low.


*sigh* It’s like I did it all backwards. You know? A few regrets happening, for sure.

August 2020 Savings Rate = 71.77%

Didn’t hit my 80% but that’s mostly because I didn’t make enough money. I only made around $5500 this month in side income rather than $8000 or something, and my basic expenses still stay the same around $1300 – $1500/month.

Unless I spend less (unlikely), or make more (more plausible), my savings rate will be over 50% but not as high as 80% or 90% like in months where I am actually working.

Goal: $1M in invested liquid assets

My new goal is to remove fixed assets (mentally) from my net worth, and reach $1M in invested assets, basically my cash, investments and so on.

Net Worth Year in Review

As long as the trend is up overall. My lifetime looks like this, going from negative to super positive.

My savings is rock solid still as a percentage!

Money is money is money!

Future goal: 5-digits in savings without my day job

It is easy to save when you make lots of money. I am going to work on increasing my side income past $10K so that I can save 5-digits. It’s just in recent months I haven’t been as excited about the whole situation.

If you are interested, my money is parked here:

  • EQ Bank: 2% now.
  • Tangerine: Use my Orange key { 32726976S1 } for free money ($50 once you deposit $100; and I get $50 too) — At 2.74% until June!

…cashback sites and cash-earning sites for surveys:

It is invested here:

THE INVESTMENTS ROUNDUP

General Investment Strategy

My strategy is to have 50/50 as in:

50% of my portfolio in index mutual funds
50% of my portfolio in dividend-paying stocks

The ultimate goal is that my portfolio for dividend paying stocks will yield $12,000 at a minimum in dividend income each year, up to $50,000.

I am also playing the other side by having money invested in index mutual funds, and letting them grow slowly and appreciate. They too, pay out dividends at about 1.24% so it isn’t zero, just not as fast.

As my dividend stocks go up, I do sell for capital gains, and then I take that money and plow it into index funds, which drops my dividend payout rate, but it makes it ‘safer’ in the sense that it diversifies it more.

Finally buying U.S. Stocks

Like I mentioned in my Expenses, I will be redirecting all of my Side Incomes into buying U.S. stocks with USD from Paypal.

I will still be reporting the CAD amounts on all of my documents and for taxes, but I will now be slowly draining my emergency fund for the next 3 years to live, and to invest all of my money instead.

Bought the following in U.S. Stocks

I employed Norbert’s Gambit to convert CAD to USD, and I converted about $10K in USD for basically $25.

It costs me about the same amount of money to also, legally simply transfer $USD from Paypal to $USD to my bank account using Transferwise. I hear they closed the loophole on the $USD transfer from Paypal using Royal Bank, and now you can no longer circumvent and do it for free using a U.S. routing number instead.

Anyway, this is what I bought:

  • ZM – Zoom
  • STNE – StoneCo
  • SBUX – Starbucks
  • BYND – Beyond Meat
  • QQQ – Invesco QQQ Trust Nasdaq 100

Bought the following in Canadian Stocks

  • VFV.TO – Vanguard S&P 500
  • QQC.F.TO – Invesco QQQ Trust Nasdaq 100

I plan on buying (likely), more of some U.S. stocks that I have liked, although lately I have considered simply storing up a balance in $USD until I see a good buying opportunity. $1000 USD doesn’t buy you much these days in terms of stocks.

FYI my investments are all here:

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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January 2017 Budget Roundup

Posted on February 2, 2017

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In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

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