Thursday, January 17, 2013

Quick Update

Hello all,

Been away the last couple of days. I still kept a close watch on Mr. Market. Actually I have been re-reading The Intelligent Investor. What a great book. I also love the new comments by Jason Zweig.

I also made a reservation at the local library for the Millionnaire Teacher, as suggested by fellow blogger Trader Rob.

Today I sold a tiny bit of JNJ, Johnson and Johnson that is. I am a great fan of the company. It's one of my main holdings. But I felt it was a little buit overpriced at the moment. I might buy some more in the future. Will see.

I am actually setting my sights on other stocks: I want to find some in the Telecomm, Reit and Consumer Staples sectors. But they are all overpriced as well.

I need to be patient. I find it tough, but it's the only way.

Anyhow, here's a quick Financial Update Status for January

Assets

  • Condo : 295 000 $
  • Pension Plan : 176 806,12 $ (net worth)
  • TFSA : 22 151 $
  • RRSP* : 28 632 $ 
  • Cash : 6 200 $
  • Non registered trading account : 25 850 $
  • Cash-out from work* : 71 000$ (net worth roughly 45 000 $)
  • Motorcycle : 2 500$
  • Friend owning me money (for ages) : 2 000$
Liabilities 
  • Mortgage : 226 215 $
  • VISA : 0 $
  • Margin : 3 000 $
  • Home Buyer's Plan : 12 898 $ (well that's money I basically owe to myself).
*Fiscal impact (We have to substract 30 % for my RRSP and 35 % for my cash-out) + my girlfriend is also intitled to 50% of the condo's gain (roughly 34 392 $). 

Net worth : 318 838 $  (+ 0,58 % since December)


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