In Budget Roundups, Money

May 2020: The Net Worth & Investments

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.)

This month for May, it was Sick Kids Foundation. For June it will be a new charity.

Sherry’s May 2020 Net Worth

It is a little better this month, but not great. O_o At least I got back into the $900K range.

$1,025,778.70
Or an increase of…
+$12,963.06 or +1.26%

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.)

I realized I became a millionaire in December 2019…

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

Basically, I was undervaluing my home, by putting the municipal value rather than market value, so I corrected that, and surprised myself.

I also went back into my historical breakdowns of my net worths, and basically fixed all my net worth numbers from when I first bought the home, based on the realtor’s market value assessments and numbers, so there is no weird, crazy $100K+ bump up from one month to the next (I HATE those unexplained bumps).

The Net Worth Breakdown in Detail

WOW.

I WENT UP since this year, but made over $100K in income. *side eye*

I am for all intents and purposes, down at least $100K in my my head.

May 2020 Savings Rate = 82.64%

Not. Too. Shabby.

My yearly savings rate is also pretty good, on average at 88.04% (saving over $30K in March helped).

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.

I still feel like I am down quite a bit, but I am just plowing money into the market to keep things going.

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.

..but so are my donations to Canadian Red Cross

May 2020 = Donated $1479.37

I donated out of my personal income earned: $796.63 to the Sick Kids Foundation , and the 100% of the net earnings from sales of TheBudgetingTool.com was $682.74 this month, and went to them as well.

https://www.thebudgetingtool.com

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

Thank you to ALL who purchased the tool, and I would appreciate any feedback/reviews because it helps others know that I have this for sale & I can write a bigger cheque next month.

Next month – June – I chose Black Lives Matter Canada. In light of everything that has been going on, this is where my money will have the biggest impact with education, legal support and help.

I am not a black woman, but I am a woman of colour. If I can help, I will.

They have SPECIFIC demands that are clearly stated and when one is accomplished, it is crossed off.

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:

Little Bun’s May 2020 Net Worth
$32,482.15
Or a decrease of…
-$82.52 or -0.25%

I invest for Little Bun and this is how I invest his money in the stock market and I stay true to it, but times are rough.

Here is a list of personal finance books you might want to get started with, and about the same set for us Canadians.

He’s doing well and I am happy. I am looking long-term for his savings, and will let him take them over by himself when he gets older.

Little Bun’s investments are located 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.

Moving into 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.

Sold off:

  • HOT.UN – American Hotels REIT – Because I am apparently a ‘partner’ in terms of tax implications and that was a b*tch to enter this year; plus I had already wanted to divest of them even before the virus. Only “lost” $135 (not including opportunity cost) on this stock. I had wanted to get rid of them before the virus anyway because their dividend yield was close to 10% which is for me, an uneasy amount. Higher is not always better. Now they are at 19% dividend yield. I freed up my money to go towards other stocks instead.

Strengthened my position in the following:

  • INE – Innergex Renewable Energy
  • ENB – Enbridge
  • BEP.UN – Brookfield Renewable Partners
  • EMA – Emera Incorporated
  • GIB.A – CGI
  • T – Telus
  • SIS – Savaria
  • ITP – Intertape Polymer Group

Bought a few new stocks:

  • RNW – TransAlta Renewables
  • FNV – Franco-Nevada Group

List of new Canadian dividend stocks to research

Bolded in red are the ones I already own.

There are some on the list I already reviewed and sliced off for various reasons as well, but it won’t hurt to re-look at them again.

This was taken from the XIU ETF list of holdings:

SHOP SHOPIFY SUBORDINATE VOTING INC CLA
RY ROYAL BANK OF CANADA
TD TORONTO DOMINION
ENB ENBRIDGE INC
CNR CANADIAN NATIONAL RAILWAY
ABX BARRICK GOLD CORP
BNS BANK OF NOVA SCOTIA
BAM.A BROOKFIELD ASSET MANAGEMENT INC CL
TRP TC ENERGY CORP
BCE BCE INC
CP CANADIAN PACIFIC RAILWAY LTD
BMO BANK OF MONTREAL
FNV FRANCO NEVADA CORP
SU SUNCOR ENERGY INC
CM CANADIAN IMPERIAL BANK OF COMMERCE
ATD.B ALIMENTATION COUCHE TARD SUB VOTIN
WCN WASTE CONNECTIONS INC
MFC MANULIFE FINANCIAL CORP
CNQ CANADIAN NATURAL RESOURCES LTD
CSU CONSTELLATION SOFTWARE INC
T TELUS CORP
WPM WHEATON PRECIOUS METALS CORP
SLF SUN LIFE FINANCIAL INC
NTR NUTRIEN LTD
FTS FORTIS INC
QSR RESTAURANTS BRANDS INTERNATIONAL I
AEM AGNICO EAGLE MINES LTD
GIB.A CGI INC
RCI.B ROGERS COMMUNICATIONS NON-VOTING I
PPL PEMBINA PIPELINE CORP
NA NATIONAL BANK OF CANADA
BIP.UN BROOKFIELD INFRASTRUCTURE PARTNERS
TRI THOMSON REUTERS CORP
MG MAGNA INTERNATIONAL INC
OTEX OPEN TEXT CORP
MRU METRO INC
KL KIRKLAND LAKE GOLD LTD
DOL DOLLARAMA INC
K KINROSS GOLD CORP
EMA EMERA INC
POW POWER CORPORATION OF CANADA
L LOBLAW COMPANIES LTD
SJR.B SHAW COMMUNICATIONS INC CLASS B
BHC BAUSCH HEALTH COMPANIES INC
SAP SAPUTO INC
WN GEORGE WESTON LTD
TECK.B TECK RESOURCES SUBORDINATE VOTING
CCL.B CCL INDUSTRIES INC CLASS B
CVE CENOVUS ENERGY INC
CTC.A CANADIAN TIRE LTD CLASS A
WEED CANOPY GROWTH CORP
FM FIRST QUANTUM MINERALS LTD
CCO CAMECO CORP
IPL INTER PIPELINE LTD
IMO IMPERIAL OIL LTD
BPY.UN BROOKFIELD PROPERTY PARTNERS UNITS
GIL GILDAN ACTIVEWEAR INC
SNC SNC LAVALIN INC
BB BLACKBERRY LTD
BBD.B BOMBARDIER INC CLASS B

Going through the list now.

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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2 Comments

  1. GYM

    Crazy how the market has been eh? Especially when more of your assets are in liquid investments (e.g. stock market) the fluctuation can be just astounding.

    With the crazy buying I was doing, I ended up having too much in Canadian equities again…

    Reply
    1. Sherry of Save. Spend. Splurge.

      Same here, but only because I’m determined to only buy US stocks in USD….

      Reply

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