Summer is over, so it’s time to look at how my investment portfolio grew over July and August! Over the 2 months, my net worth of investments rose over the $200,000, with gains in my Index Funds and home equity off-setting my cryptocurrency losses. As I feel like I always need to reiterate, cryptocurrency makes up a tiny portion of my investment portfolio, and while losses may seem big, it is 1% of my total portfolio, and part of my “fun investing” that I do not rely on for long term growth. Let’s look at everything in a bit more detail.
Overall Assets
Overall, my assets saw an increase over the past 2 months, and as of the end of August, I’m over the $200,000 net worth mark, which I’m very excited about. With growth in my TFSA, RRSP, Savings, and home equity, I’m able to offset other losses (*cough cough* crypto *cough cough*). I’m holding off making any updates to the value of my car and pension, as they are hard to predict.
TFSA TD e-Series Index Funds
Between some steady growth of the 4 assets in my index funds portfolio, some dividend payments, and some additional contributions myself, my TFSA portfolio saw a stead increase over the last 2 months, with the US market making the most ground, and the Canadian Bond market making the least. I continue to see healthy profit over time on my TFSA portfolio, ending the month just up over $2,500!
RRSP TD e-Series Index Funds
As usual, my RRSP TD e-Series Index Fund portfolio, mirrors pretty closely to my TFSA portfolio. As any returning readers might know, my current focus is on building my TFSA, over my RRSP, and do not make many contributions to my RRSP. But I continue to hold and add assets in my RRSP as I am currently repaying a Home Buyers Plan. Since their is a relatively small amount in my RRSP, I follow and aggressive approach by not including any bonds in the portfolio. As per my TFSA, is continues to be profitable over time, and is still steadily rising.
High Interest Savings Account
After having to make some large withdrawals for a European vacation (which was totally worth it), I’ve gotten my short-term savings back on track. These savings are bookmarked for any emergencies, or short term spending that might come up. Many say you should have 3 – 6 months expenses saved in short-term savings, and that is roughly the goal I’m aiming for.
I may look at increasing the amount in my short-term savings, but I’m currently comfortable with it staying around $10,000 and making 2.5% interest.
Home Value
Nothing too shocking about my home value and equity. It continues to rise predictably with my mortgage payments, and adds a dependable increase to my home equity every month.
Cryptocurrency Portfolio
The sore spot in my investment portfolio, but also the most fun to follow. After months of losses, I was still in a profitable spot until these last 2 months, which continued to see major drops in the crypto market.
Again, I’m in it for the long term, and am hoping to see the crypto market bounce back, but in the worst case scenario that Bitcoin and the rest of the block-chain currencies totally blow up and fail, I’ll still only be down 1% of my total portfolio. To me, it’s a fun gamble and not a reliance in my long term investment strategy.
Investment Roundup
There you have it! A good 2 months for me in a summer where I made some big expenditures on a vacation, and saw a major tumble in my crypto portfolio. As always, it’s about the long-term gain and profitability, and the index investment strategy has continued to deliver in a steady manner!