Not much.
Not much.
What's your point? 6 months is like an instant in a long term goal. So it hasn't grown in the last half year, depending on what the money is in, that isn't surprising.
Don't let the milliondollarjourney story fool you. Double digit gains year over year is really hard. In the past two years I've seen very little growth in my assets, and all net worth growth has come from reducing debt.
Don't forget that a car, something that means a lot to you and which you spend a lot of money in, is a huge money pit and does not increase your networth over time. They depreciate to nothing within a few years.
As for investments, the only reliable performance over the past year appears to have been cash in a GIC or HISA. 1.25% is better than the 10% loss I have suffered.
Not much you can do about this at the moment. The gov't doesn't want interest rates to rise.
50K net worth at the age of 21.
BRAVO!!!!!!!!!!!!!!!
Keep it up!
“Simplicity is the ultimate sophistication.”
That graph could be decieving, as the market has sucked the last few months, perhaps you have increased the number of shares you have in your holdings, but the amount hasn't increased.
In down times, I try to at least make sure I am accumulating more shares....
You've got a lot of your net worth in the market and the market has just gone down a lot over the past 6 months. All that really matter is that you're living within your means. Most people are in massive debt and living like kings at that age
I wouldn't worry about the car, everyone has a hobby. If it was me I would be planning to get out the GTA, but that's personal. I figure you can make a similar salary elsewhere in Ontario with much lower cost of living such as RE,insurance, property tax and just drive the car to visit the GTA instead. Either way you're ahead of the curve
When everyone thinks the same they don't think at all
That's to be expected given what the markets have done in the last 6 months, however it makes me wonder if dividend investing is really the only way to go.
Why would you say dividend investing is the only way to go?Originally Posted by Sherlock
There are many ways:
dividend investing
growth investing
dividend growth investing
long term investing
day trading
options
bonds and cash
index investing
hedging
real estate
and many more.
As investors we should choose one or combination that fits our profile.
Dividend growth investing is my preferred way, but for me it's not the only way.
KaeJS, maybe you can look at it a different way:
No matter what the value of my investments do day-to-day, as long as this keeps trending upwards, I'm happy.
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