If you read my June/July update, you saw that my key theme was don’t panic! August and September show why that pays off. My index fund investments made steady gains over the 2 months, paying off in my TFSA and my RRSP. My overall assets didn’t make a lot of gains between August and September 2017, but as you can see below, that’s due to my car value going down (which is a pretty arbitrary number based on the average asking price provided by Canadian Black Book) and me going on vacation and using some of my short-term savings for it.
Overall Assets
TFSA TD e-Series Index Funds
Lot’s of ups and downs for my TFSA TD e-Series Index Funds, but the month ended on a high note, providing a return of $300 from the end of July. With the Bank of Canada interest rates rising, the effect on my Canadian Bond Index Fund can be seen below, losing value overall in the last 2 months.
As you can see below, I’m still making gains overall for my investment portfolio, with it providing me of a return of over $900 since last Novemeber:
RRSP TD e-Series Index Funds
My RRSP consisting of an aggressive TD e-Series portfolio mirrored pretty close to my TFSA. With no bond investments in this portfolio, it saw a greater rate of return than my TFSA, but not by a whole lot.
I didn’t contribute at all to my RRSP over the last 2 months, but I will still continue to add funds in the future to meet the requirements of repaying funds I took as part of the Home Buyers’ Plan. I’ve said it before in other articles, but my current focus is on growing my TFSA.
High Interest TFSA
Even the best savers need to spend a little money on themselves. A somewhat last minute vacation put me behind on my short-term savings account. I didn’t add any funds, and needed to withdraw a small amount, that I hope to replenish in October. With the Bank of Canada interest rates rising, it means that Tangerine raised it’s interest rates from 0.8% to 1%. Still not a great return, but it’s nice to see the increase.
Home Value
My home equity continues to grow. The numbers below speak for themselves – but it’s always hard to tell how much a property investment is worth until you actually sell it.
