The past two months have been extremely busy. With moving preparations in May and the actual move in June we had little time update our blog. Our previous method to calculate net worth turned out to be too time consuming, and with two full-time jobs and the move we saw little benefit.
In late June we decided to switch away from spreadsheet tracking over to Wealthica. Wealthica synchronizes your account balances, holdings and transaction history in order to consolidate your investments and banking information. It makes it easy to track your net worth and keep a historical view of how it evolved. It allows users to easily focus on the big picture while enabling them to track their progress towards their financial or retirement goals. There are many other functions however, the basic ones are exactly what we were looking for to spend less tracking our finances.
Net worth update for June 2021:
ASSETS: $1.1454M ()
CASH & NON-REGISTERED INVESTMENTS: $16.3K ()
- We have received interest income from our High-Interest Savings account.
REGISTERED INVESTMENTS: $45.9K ()
- We have rebalanced our portfolio to focus on ETFs, therefore we have sold our positions in QRTEA, EMA, NYMT, RY, CVE, POW, FTS, FFH, PETS, INFY, WIT, ART, V, DIR.UN, SU, MFC
- We have bought and sold positions in WTE, BTO, VXC, VFV, T, GSK
- We have received dividend income from EMA, RY, PETS, BMO, DIR.UN, FTS, V, MFC, SDY, VEU, XLU and XIC.
- We have received interest income from a maturing GIC and have used these funds to add to our ETF positions.
- We have started new positions in XLU, SDY, VEU, XIC, ZCN, XSH, EEMV, GLDM, IEFA, VUS, ACWV, VTI and ZFL.
- We’re considering increasing the following positions to our portfolio over the next month: XLU, XSH, EEMV, XIC, GLDM, IEFA, VUS, ACWV, VTI and ZFL.
PENSION PLAN NET PRESENT VALUE: $629.9K ()
- This will be updated annually in January.
HOUSE: $439.8K (+ 1.9%)
- This will be updated quarterly based on the residential property price index and any significant improvements. The base value is our initial purchase price.
VEHICLES: $13.5K
- This will be updated annually in January unless we sell or purchase another one.
- The amount will be based on the average trade-in value of the vehicles.
LIABILITIES: $414.6K ()
CREDIT CARDS: $1.5K ()
- We pay off all our credit cards before the due date. Most of our living expenses are charged to credit cards to earn cash back or points. Our expenses are all within budget.