In Budget Roundups, Money

October 2020: Net Worth & Investments Budget 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 September 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.

$1,056,718.49
Or a decrease of…
+$13,761.15 or -1.29%

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.)

 

Looking towards the long-term

Womp womp. Don’t really bother / care. I am in it for the long term, and I have plenty of time to recover (I am only in my late 30s).

The Net Worth Breakdown in Detail

Trying to stay positive. Things are still up.

October 2020 Savings Rate = 56.78%

A better savings rate than in September, but not great. I did buy all the supplies I need, so I should be set with creating more pieces for fun.

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.

I have about $540K in invested assets. It’d be great to get it up to $600K by end of next year. I need a contract for this, honestly, after I save an additional $300K in cash for our future home.

Net Worth Year in Review

My savings is still doing okay.

At least I am back up past 50%!

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 without my day job, which means a lot more money in side incomes. 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 I want for a side income.

Long-term goal

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.

At the end of it all, I’d like my dividend income to come from index mutual funds, but enough to cover my basic expenses for the year which is around $1000-ish a month. To do this with the capital I have invested, it means I need a higher dividend yield than 1.24%.

It’s like shifting into ‘safer’ investments instead of doing bonds, I am moving it to index funds which are more ‘stable’.

Focusing on index funds now

I stopped selling individual stocks, but I am still socking in my savings into investments. I need to buy more index funds to make up for the investing strategy of 50/50.

  • QQQ
  • VTI

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. TPC

    Love this, so much details and codes. I like to put my investment in 50/50 too. The Index 50 is more international while the dividend 50 in local stock market, which we can find 5-8% yield.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Yes – something in between both. I kind of like to dip my fingers in all the pies lol

      Reply

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