In Budget Roundups, Money

September 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.

$1,070,479.64
Or a decrease of…
+$6860.85 or +0.64%

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.)

Didn’t drop too much…

But I really think this won’t be the end. I guess I could have saved more money and stemmed the loss by about $2000 (to drop by $4860 instead), but last month I went up almost $20K, and this month I dropped $6800. Still positive, in my opinion.

The Net Worth Breakdown in Detail

Trying to stay positive. Things are still up.

September 2020 Savings Rate = 37.35%

Well. I still saved.. money? I didn’t spend it all on jewellery supplies and clothing, so I feel pretty good about it.


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 rock solid still as a percentage!

Seems like a slow slide from 80% to 34% this month. LOL…. Oh well. No regrets. Very excited.

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 putting more money back into Lending

Small business lending that is. I am putting more money into lending out again. Small businesses aren’t really coming for loans lately, so my money has been just sitting there. In the meantime, I will just reinvest what I get as interest.

Focusing on index funds now

I sold off chunks of my individual stocks, and am redirecting the money into index funds now to stick to my strategy:

  • QQQ
  • VTI
  • VUN
  • VFV

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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