Life - Act III: Working for Money - Page 26
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Thread: Life - Act III: Working for Money

  1. #251
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    March 2017

    Pretty good month. 3 pay cheques and a $6,800 tax return.

    Assets
    Stocks - $168,600 (+$3,100)
    ---TFSA: $52,800
    ---RRSP: $66,200
    ---Unreg: $49,600

    Bought some Cenovus yesterday, added to Ford, ACQ, DOL. Didn't sell anything this month. I'm down to a couple thousand in TFSA. I'll top up my RRSP account with ~10,000 when I get my NOA, hopefully next week.

    Cash - $154,700 (+$10,900)
    ---Unreg: $145,400
    ---RRSP: $7,000 USD

    Pensions - $54,200 (+$2,000)
    ---DB Pension CV (100% employer funded) : $29,900
    ---Supplemental DC Pension (50/50 matched): $9,800
    ---DB Indexing Fund (100% employee paid) : $14,500

    Usual contributions.

    Liabilities

    Zero


    Net Worth

    $377,500 (+$16,000)

    Expenses

    March 2017 - $2,228
    February 2017 - $5,263

    Nice Cheap month. Some big expenses on the credit card coming up though. 2 trips to Calgary and a big medical bill for MRI scans. Hopefully they accept it as a deduction through my HSA.


  2. #252
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    April 2017

    Had a nice Easter weekend in Calgary, and got one final MRI on my head done then as well. They saw something potentially concerning in the first one back in March and ordered another. So I spent about month with a diagnosis of "It's most likely nothing... but it's possibly a brain tumor" - That was a bit stressful, but I tried not to dwell on it. It just turned out to be a common, slight abnormality in my head, nothing to worry about.

    Assets
    Stocks - $172,100 (+$3,500)
    ---TFSA: $52,200
    ---RRSP: $72,100
    ---Unreg: $47,800

    Added $5,000 to my RRSP. Will add another when I've allocated this. Don't want to deposit too much now because I'm getting a good rate at Tangerine.

    Cash - $153,200 (-$1,500)
    ---Unreg: $145,200
    ---RRSP: $5,900 USD

    Tangerine is paying my 3.21% on my unregistered cash at the moment, until June 30.

    Pensions - $57,700 (+$3,500)
    ---DB Pension CV (100% employer funded) : $32,400
    ---Supplemental DC Pension (50/50 matched): $10,200
    ---DB Indexing Fund (100% employee paid) : $15,100

    Usual contributions. Turns out this new CV tool isn't any different than the old one. Still spitting out wildly varying numbers month-over-month. C'est la vie.

    Liabilities

    Zero


    Net Worth

    $383,000 (+$5,500)

    Expenses

    April 2017 - $2,262
    March 2017 - $2,228


    Nice Cheap month. Some big expenses on the credit card coming up though. 2 trips to Calgary and a big medical bill for MRI scans. Plus an expensive airBNB for Ottawa on Canada day.
    My private MRI scans were a write off with Blue Cross at least, so that is nice as it saves me cash up front, and gives me a deduction off my pay cheque.

  3. #253
    Senior Member
    Join Date
    Nov 2014
    Posts
    425
    How much does a private MRI cost in AB?

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  5. #254
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    It was ~$800 for the first imaging, and $400 for each additional (I had a few things wrong I wanted looked at). The cost was deductible through my health spending account at work though, so 60% of that was my final price.

  6. #255
    Junior Member
    Join Date
    Apr 2016
    Posts
    25
    What are your plans for all that cash? Are you waiting for a market opportunity? Almost half of your liquid assets is uncommitted.

  7. #256
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    I am afraid of commitment. Just ask my girlfriend.

    I'm fairly happy with a 50:50 cash:stocks portfolio. Looking for new investments but most things are very expensive right now. I'm usually saving money faster than I can find something to invest it in.

    No real plans - The cash is good for house savings, emergency fund, car savings, market correction, job loss. Anything really.

  8. #257
    Senior Member
    Join Date
    Jul 2016
    Location
    Alberta
    Posts
    167
    @peterk: Congratulations on your continued commitment to invest and save for your future. Being young you have the advantage of time and in the long term should do well provided you avoid heavy losses. Like most old timers, we are in our mid 70's, the old cliche has been used many times "If I was starting out and knew what I know now....there are many thing we'd have done differently"

    Having said that, we eventually found a direction which allowed us to invest in a manner which, over time, generated enough Income to retire financially satisfied. We don't have a DB pension so needed to have enough Secure Income from our investments to be sure we'd have the funds needed.

    What we eventually did was follow the advice of the Connolly Report http://www.dividendgrowth.ca/dividendgrowth/
    which for us was the Slow, Steady, Safe (as one can get) and we saw our Income grow monthly, quarterly and yearly, regardless what the price of the stocks did. Check out his site, lots of free invormation.

  9. #258
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    Thanks canew, though I am now officially not young (30).

    I haven't put much thought into investing for dividends specifically, other than to understand how they are taxed and what to watch out for as good or bad signs about a company, as much as a dividend can indicate, anyway.

  10. #259
    Senior Member
    Join Date
    May 2010
    Posts
    1,957
    May 2017

    Normal month. Been doing a bit of overtime at work lately, lots of field work. Got a small bonus, but most of it was clawed back from the company for the cash advance they gave everyone last summer during the fire, so that's break even.

    Assets
    Stocks - $174,500 (+$2,400)
    ---TFSA: $49,300
    ---RRSP: $80,500
    ---Unreg: $44,700

    Teck is down a fair bit, but is still my biggest holding. AAPL is hot on its heels though with large increases lately.

    Been adding significantly to Cenovus and Ford, and started small positions (~$1000) in American clothes and department retail with Macy's, Nordstrom, and Ralph Lauren. This whole contrarian, value investing thing is hard... Hasn't been going well for me at all so far... I definitely should just have bought Amazon instead, like I was thinking about back in 2011.

    Cash - $148,200 (-$5,000)
    ---Unreg: $148,200

    Used up all the USD cash in my RRSP on stocks.

    Tangerine is paying my 3.21% on my unregistered cash at the moment, until June 30.

    Pensions - $61,900 (+$4,200)
    ---DB Pension CV (100% employer funded) : $35,900
    ---Supplemental DC Pension (50/50 matched): $10,500
    ---DB Indexing Fund (100% employee paid) : $15,500

    Usual contributions.

    Liabilities

    Zero


    Net Worth

    $384,600 (+$1,600)

    Expenses

    May 2017 - $7,557
    April 2017 - $2,262

    Big bills from back in March and April paid off.
    Last edited by peterk; 2017-05-27 at 11:11 AM.

  11. #260
    Junior Member
    Join Date
    Apr 2016
    Posts
    25
    I'm fairly happy with a 50:50 cash:stocks portfolio. Looking for new investments but most things are very expensive right now. I'm usually saving money faster than I can find something to invest it in.

    No real plans - The cash is good for house savings, emergency fund, car savings, market correction, job loss. Anything really.
    We have opposite approaches. I typically have a hard time holding onto cash. The sizeable amounts go to individual stocks. The ends and bits of dividends go to e-series funds. I think you can always find relative value. At the moment the energy and pipeline names look to me good opportunities again.

    The thing with waiting for the market correction is the question of whether you will actually commit the money when the time looks right (and at that moment you can never be sure if you are at the bottom). For instance, in Feb/March 2016, did you pour cash into the TSX? Did you, for instance, buy your Teck holdings at that time?


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