29yo Diary; Hoping I'm on the right track - Page 7
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Thread: 29yo Diary; Hoping I'm on the right track

  1. #61
    Member
    Join Date
    Jul 2013
    Location
    Toronto
    Posts
    30
    Have not updated in a while. Latest info:

    Main Income (pre-tax):
    - $92 + ~$10k overtime + ~$6k bonus
    Other Income (estimated, no tax):
    Saved Per Diems = ~$2k/year.

    Cash:
    $91,578

    Investments:
    - TFSA: $40,760 Consists of mostly TD e-Series, and stock.
    - RRSP: $54788 (=$32910 in TD ESeries, $21,878 in work matched (2%) RBC Mutual fund (high MERs, need to move these))
    - TD Waterhouse Stocks: $46,262 (Energy, REIT, Banks)
    - Pension: $720
    TOTAL: $234,108

    Since my last update 10 months ago, I moved again with new GF, bought some financials (SLF, MF), switched my RRSP to ESeries and put some more in. I will do my taxes earlier this year before RRSP deadline, and strategically put in an amount to offset highest tax brackets. Had more expenses than usual, new furniture, vacations. I now have a good amount in RRSP, and will move it to Waterhouse when I get a chance, as per the posts above. I will definitely move at least $25k into new securities this week, my cash position is very high.

    Current Expenses:
    - Rent: $1050.
    - Bills: $50
    - Groceries: $150 (lowered since GF is vegan)
    - Gas: $200 estimated
    - Leisure/vacations: $500
    - Clothes: $100
    TOTAL: $2,050/month

    Last edited by FinancialPanther; 2016-09-13 at 01:49 PM. Reason: More info added.

  2. #62
    Member
    Join Date
    Jul 2013
    Location
    Toronto
    Posts
    30
    Main Income (pre-tax):
    - $92 + ~$10k overtime + ~$6k bonus
    Other Income (estimated, no tax):
    Saved Per Diems = ~$2k/year.

    Cash:
    $90,000 (various savings accounts)

    Investments:
    - TFSA: $57,000 Consists of mostly TD e-Series, and stock.
    - RRSP: $60,350 (=$35,350 in TD ESeries, $25,000 in work matched (2%) RBC Mutual fund (high MERs, need to move these))
    - TD Waterhouse Stocks: $62,000 (Energy, REIT, Banks)
    - Pension: $720
    TOTAL: $270,070

    Since my last update 6 months ago, I bought some more stock (EMA, PWF, and TD in my TFSA). I usually buy in $4k to $8k chunks; my cash position is still really high, I will put in most to index funds, but I hate buying when things are high. $10k of my cash position has been put in RRSP, so I am expecting $3,700 back.

    I have spent a lot of money recently (TV, audio equipment, vacation, clothing = $5-6k), which makes the $6k/month increase look pretty damn good considering. The $300k milestone is a big one, I think; it represents $1k/month income using the 4% rule which is nice to visualise.

    I am looking into spending some time living in Europe, while the gf gets her masters. I figure it is now or never, and I think it would be good to live outside the GTA; the only issue for me is getting a decent job, so we will see... If anyone has any tips, please share!


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