Let’s take a look at my investment portfolio growth for the month of February 2017. February saw some major changes in my RRSP, where I finally switched from an actively managed mutual fund to a portfolio of TD e-Series index funds. For a description of my assets, see a detailed explanation of My Portfolio.
TFSA TD e-Series Index Funds
February saw an increase in all 4 of my TD e-Series Index Funds. Due to being in the process of switching banks, and needing to keep enough money at both banks to ensure that I don’t miss any bill payments, I did not invest any additional money into my index funds in February, but will add additional funds in March once I have finalized my bank switch.
The international and US index funds were the stand out this month, and my overall TFSA portfolio saw an increase in value of $336!
RRSP Mutual Fund
I’ve talked for months about divesting from my actively managed TD Comfort Balanced Portfolio, and into a portfolio of TD e-Series funds. THIS MONTH IT HAPPENED! In the middle of February I made the switch into a very aggressive portfolio of TD e-Series equity indexes – 33% Canadian Index, 33% US Index, 33% International Index, and 0% bonds!
As you can see, it hasn’t had a lot of time to make much movement, but since it is a relatively small portion of my assets, and I don’t plan to touch it for another 20 years or so, I’m comfortable going that aggressive.
High Interest TFSA
The month of February was also my final month of using the TD High Interest Savings Account to store my short-term savings. As of March 2017 I will be storing my short-term savings in a Tangerine high interest savings account, or an Alterna Bank high interest savings account – whichever provides the highest interest rate.
I didn’t get a chance to add any additional savings for the same reason I didn’t increase my index investments in February – I wanted to keep a minimum amount in both my banks as I transition to Tangerine. I’ll make this up in March.
The savings I keep in my chequing account stays steady at $2,000, which waives my $3.95 monthly account fee. As I’m in the middle of my switch between TD to Tangerine, this $2,000 is still sitting in my TD account. Once my switch has been finalized, I will close this account and transfer this $2,000 into my short term savings.
Equity in my home continues to rise a little bit every month. The estimated equity value below makes a few assumptions:
- The value of my property has remained the same (unlikely)
- Does not include fees and costs associated with selling
My car gained value this month based on average selling prices based on Canadian Black Book‘s value estimate. I don’t see my car as an investment, but since it has value as an asset, I include it.
Pension updates are only sent to me once a year, so the value looks the same (even though it’s not). Both me and my employer continue to add monthly to this pension program.