Unfortunately, every month won’t be an investment winner when you are investing in index funds. This wasn’t a growth month, but a decline month for my investments. My June/July 2017 – investment portfolio growth report showed massive drops in my TD e-Series portfolios. But that’s OK! It allowed me to purchase more funds at a cheaper price, and I’m in it for the long run, and have time to watch them rise again.
TFSA TD e-Series Index Funds
My TFSA e-Series portfolio was not pretty during both June and July. I saw drops across the board, with my US index fund losing $200 worth of value over the two months, and my TFSA losing $600 worth of value overall.
Repeat the mantra: DO NOT PANIC! I used this opportunity to purchase another $650 worth of assets at a cheaper price, and will sit back and wait for these to rise again. It could be weeks, it could be months, it could be years – but as history has shown, these index funds will rise above these values eventually. And I’m still up over $600 from when I started investing last November.
RRSP TD e-Series Index Funds
My RRSP consisting of an aggressive TD e-Series portfolio mirrored pretty close to my TFSA. Losses across the board, with no purchases. Never nice to see all that red.
I still continue to add funds to my RRSP to meet the requirements of repaying funds I took as part of the Home Buyers’ Plan.
High Interest TFSA
I continue to add funds to my High Interest Savings Account in an attempt to save money for some upcoming educational costs. I received my predictable 0.8% interest payment. Not great, but at least it’s predictable.
My home equity continues to grow, and I have started my new 5-year mortgage term with a 2.65% fixed mortgage rate.