[scorpion_ca]

Here is the Q1, 2019 net worth update. Around 8.9% or $44k savings/gain since Q4, 2018.

Net Worth -

2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
Q1, 2019 - $537k

Expenses -

2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
Q1, 2019 - $5.2k

The average monthly expense is around $1,761 so far in 2019. The expenses will increase in the next two quarters significantly.

Passive Income (Dividend & Interest) -

2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
Q1, 2019 - 3.5k

Asset Allocation -

Fixed Income - 30%
Equity - 58%
REIT - 12%

I have some cash in my RRSP that has been waiting for further market correction…

 

[scorpion_ca]

Here is the Q2, 2019 net worth update. Around 4.4% or $23.5k savings/gain since Q1, 2019.

Net Worth -

2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
Q1, 2019 - $537k
Q2, 2019 - $561k

Expenses -

2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
Q1, 2019 - $5.2k
Q2, 2019 - $14.8k

The average monthly expense is around $2,118 so far in 2019. The expenses will increase in the next quarter significantly.

Passive Income (Dividend & Interest) -

2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
Q1, 2019 - $3.5k
Q2, 2019 - $8.6k

Surprisingly the passive income of Q2, 2019 has reached the amount of 2018. I am hoping to reach $12k at the end of this year unless I buy a house.

Asset Allocation -

Fixed Income - 31%
Equity - 57%
REIT - 12%

I have some cash in my RRSP that has been waiting for further market corrections…

 

[scorpion_ca]

Here is the Q3, 2019 net worth update. Around 3.4% or $19.1k savings/gain since Q2, 2019.

Net Worth -

2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
Q1, 2019 - $537k
Q2, 2019 - $561k
Q3, 2019 - $580k

Expenses -

2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
Q1, 2019 - $5.2k
Q2, 2019 - $14.8k
Q3, 2019 - $27.1k

The average monthly expense is around $2.7k so far in 2019. Hopefully, the expenses will decrease in the last quarter of 2019.

Passive Income (Dividend & Interest) -

2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
Q1, 2019 - $3.5k
Q2, 2019 - $8.6k
Q3, 2019 - $11.1k

I am hoping to reach $12.5k of passive income at the end of this year.

Asset Allocation -

Fixed Income - 32%
Equity - 56%
REIT - 12%

I have some cash in my RRSP that has been waiting for market corrections…

 

[scorpion_ca]

The above-mentioned NW does not include the NW of Mrs. Scorpion that is around $100k. My plan is to max out our registered accounts at first. Therefore, my NW will not be growing as fast as it used to be.

 

[OnlyMyOpinion]

Your continued discipline and results (and assistance to parents) are impressive. Kudos.

Is the idea of a house off the table now? While it can be the right lifestyle decision there is no doubt it can be the wrong financial decision depending where you live and personal circumstances. I think your early & significant capacity to save illustrates this. Your NW could look far different over the 2014-2019 period as a mortgaged homeowner (again depending on circumstances, and not neccessarily over a ~25yr timeframe, although a lot of your NW would be tied up in the house).

I note you still report some cash waiting for a market correction. Remember that 'time in the market' is easier to execute than 'timing the market'. I'm interested, did you perceive the end of Dec 2018 to be a buying opportunity at the time?

We've had a good run with the markets. Please stick with your investments and don't become a seller if we face some scary corrections over the next year or two.:encouragement:

 

[james4beach]

I note you still report some cash waiting for a market correction. Remember that 'time in the market' is easier to execute than 'timing the market'.

I noticed that too. No reason to keep cash around, trying to wait for market drops. Your asset allocation will actually help take care of this as well.

If the market does tank, then you will find yourself underweight equities versus your fixed income. Then in your rebalancing, you would sell bonds, and buy more stocks. Asset allocation rebalancing accomplishes "buy low, sell high".

I suggest deploying the cash into your asset allocation. If it just feels too uncomfortable, that's a sign you should revise your asset allocation to have as much fixed income as is comfortable for you. It's far better to fully invest cash into the stock & bond mix, rather than leave it as cash while you try to time assets.

And to put that another way, it's better to remain fully invested in a more conservative asset allocation, rather than experience constant stress and doubts (resulting in cash drag) in a more aggressive asset allocation. This is a big reason why I hold 50% fixed income.

 

[scorpion_ca]

I have been looking for a house since middle of 2018 but I haven't found the suitable house yet. I have been looking for a bi-level house but those don't come to market often. My price range is $350k to $450k and I have around $80k sitting in a HISA (2.8%) for down payment. I have no plan to invest that amount in stock market.

The cash position I report usually is in my RRSP that earns 1.6% interest rate. I had around $50k in Aug, 2018 but it was only $10k at the end of the Dec, 2018. I purchased ETFs (XEF and XEC) during that downturn. Now I have $35k and will contribute another $10k by Feb, 2020. I will be buying more ETFs in the near future.

I have no plan to sell any of my ETFs even the market drops 50%. I don't need that money for another 20 to 30 years.

 

[scorpion_ca]

Here is the 2019 net worth update. Around 23.1% or $114k savings/gain since 2018.

Net Worth -

2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k

Expenses -

2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k

The average monthly expense was around $3k in 2019.

Passive Income (Dividend & Interest) -

2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k

I am hoping to reach $14k to $15k of passive income in 2020.

Asset Allocation -

Fixed Income - 35%
Equity - 53%
REIT - 12%

I have some cash (around $36k) in my RRSP that has been waiting for opportunity. However, I have been getting around 1.6% interest rate on it…

 

[scorpion_ca]

Here is the Q1, 2020 net worth update. Around -9.4% or -$56.7k loss since 2019.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
Q1, 2020 - $550k

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
Q1, 2020 - $4.2k

The average monthly expenses were around $1.4k in the Q1, 2020.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
Q1, 2020 - $5.1k

I am hoping to receive $14k to $15k of passive income in 2020.

Asset Allocation -
Fixed Income - 33%
Equity – 56%
REIT - 11%

I have little bit of cash (around $15k) in my RRSP that has been waiting for opportunity. However, I have been getting around 0.25% interest rate on it.

 

[scorpion_ca]

Here is the Q2, 2020 net worth update. Around 38.2% or $210k more than the Q1 of 2020. Added spouse NW with the below amounts and also reduced the total RRSP amount by 15% for future taxes.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
Q1, 2020 - $550k
Q2, 2020 - $760k

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
Q1, 2020 - $4.2k
Q2, 2020 - $11k

The average monthly expenses are around $1.8k so far in 2020. Usually, the second half of the year is more expensive for us.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
Q1, 2020 - $5.1k
Q2, 2020 - $11.1k

I am hoping to receive $15k to $17k of passive income in 2020.

Asset Allocation -
Fixed Income - 47%
Equity – 45%
REIT - 7%

Fixed income is higher as this includes our down payment and emergency funds of $150k. We are earning 2% - 2.05% interest on it.

 

[scorpion_ca]

Here is the Q3, 2020 net worth update. Around 4.4% or $33.7k more than the Q2 of 2020.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
Q1, 2020 - $550k
Q2, 2020 - $760k
Q3, 2020 - $793k

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
Q1, 2020 - $4.2k
Q2, 2020 - $11k
Q3, 2020 - $20.7k

The average monthly expenses are around $2k so far in 2020. Usually, the second half of the year is more expensive for us.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
Q1, 2020 - $5.1k
Q2, 2020 - $11.1k
Q3, 2020 - $13.7k

I am hoping to receive $15k to $17k of passive income in 2020.

Asset Allocation -
Fixed Income - 56%
Equity – 37%
REIT - 7%

Fixed income is higher as this includes our down payment and emergency funds. Also, I sold $76k worth of VUN at the end of August. I am planning to purchase XUU with this amount by the end of December, 2020.

 

[milhouse]

What's the main idea behind swapping from VUN to XUU and the timing? Lower MER, under the hood/index tracking, scary Sept/Oct, or ??

 

[scorpion_ca]

What's the main idea behind swapping from VUN to XUU and the timing? Lower MER, under the hood/index tracking, scary Sept/Oct, or ??

The main reason was the lower MER and locked in profit too. I was hoping that the market would be volatile around the election. That's why, I sold the VUN when it reached the all time high at the end of August.

 

[scorpion_ca]

Here is the Q4, 2020 net worth update. Around 41.9% or $254k more than the 2019 net worth.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
2020 - $861k (RRSP reduced by 15% for future taxes)

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
2020 - $23.3k

The average monthly expenses are around $2k in 2020. I think the monthly expenses would be higher in 2021.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
2020 - $15.8k

I am hoping to receive $18k to $19k of passive income in 2021.

Asset Allocation -
Fixed Income - 57%
Equity – 35%
REIT - 8%

Fixed income is higher as this includes our down payment and emergency funds.

 

[scorpion_ca]

Here is the Q1, 2021 net worth update. Around 7.2% or $62k more than the 2020.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
2020 - $861k (RRSP reduced by 15% for future taxes)
Q1, 2021 - $923k (RRSP reduced by 15% for future taxes)

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
2020 - $23.3k
Q1, 2021 - $6.0k
The average monthly expenses are around $2k in 2021.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
2020 - $15.8k
Q1, 2021 - $5.8k
I am hoping to receive $18k to $19k of passive income in 2021.

Asset Allocation -
Fixed Income - 56%
Equity – 36%
REIT - 8%
Fixed income is higher as this includes our down payment and emergency funds.

 

[My Own Advisor]

XUU is a great low-cost fund. Outstanding work!!

 

[scorpion_ca]

Here is the Q2, 2021 net worth update. Around 5.4% or $49.5k more than the Q1, 2021.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
2020 - $861k (RRSP reduced by 15% for future taxes)
Q1, 2021 - $923k (RRSP reduced by 15% for future taxes)
Q2, 2021 - $972k (RRSP reduced by 15% for future taxes)

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
2020 - $23.3k
Q1, 2021 - $6.0k
Q2, 2021 - $12.7k

Monthly expenses would be little higher in the next two quarters.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
2020 - $15.8k
Q1, 2021 - $5.8k
Q2, 2021 - $10.6k

I am hoping to receive $18k to $19k of passive income in 2021.

Asset Allocation -
Fixed Income - 56%
Equity – 36%
REIT - 8%

Fixed income is higher as this includes our down payment and emergency funds.

 

[scorpion_ca]

Here is the Q3, 2021 net worth update. Around 2.1% or $20k more than the Q2, 2021.

Net Worth -
2015 - $276k
2016 - $348k
2017 - $431k
2018 - $493k
2019 - $607k
2020 - $861k (RRSP reduced by 15% for future taxes)
Q1, 2021 - $923k (RRSP reduced by 15% for future taxes)
Q2, 2021 - $972k (RRSP reduced by 15% for future taxes)
Q3, 2021 - $992k (RRSP reduced by 15% for future taxes)

Expenses -
2015 - $20k
2016 - $22k
2017 - $47k
2018 - $27k
2019 - $36.4k
2020 - $23.3k
Q1, 2021 - $6.0k
Q2, 2021 - $12.7k
Q3, 2021 - $22.1k

Monthly expenses would be a little higher in the next quarter. The average monthly expenses are around $2.5k in 2021.

Passive Income (Dividend & Interest) -
2015 - $4.6k
2016 - $6.4k
2017 - $6.9k
2018 - $8.6k
2019 - $12.5k
2020 - $15.4k
Q1, 2021 - $5.8k
Q2, 2021 - $10.6k
Q3, 2021 - $13.4k

I am hoping to receive $17k to $18k of passive income in 2021.

Asset Allocation -
Fixed Income - 54%
Equity – 38%
REIT - 8%

Fixed income is higher as this includes our down payment and emergency funds.

 

[latebuyer]

Its great to see your progress since 2014. Good work!

 

[latebuyer]

It seems like you are super close to your goal!