As you may have noticed, I have not been able to write as frequently as I would have liked to. The reason? Well, I moved in around September and have been really busy with my new place. Now, lets get down to the net worth update for the month of October!
I had a really good month in terms of my investments. Some of my major holdings showed signs of reversals from their temporary dips, and grew by almost $2k without any additional contributions.
As of now, I think I would be able to pay off my student loans by December 2018.
1 Cash in Bank Account $8,706.66
2 Investment Accounts $24,720.34
3 Pension $17,966.09
4 Lending Loop $1,045.09
Student Loans $21,753.15
2 Credit Cards $0.00
Net Asset Worth $30,685.03
- My cash balances improved as some of the money was tied up in goodwill loans that I was paid back this past month.
- Both the investment and pension accounts showed a significant growth. I am really pleased with the progress.
- Meanwhile, I see there are some big expenses in the horizon – the possibility of buying a car (I need to get on this one). Also, I feel like I would want to go travel somewhere in Europe for the next year and would want to save some cash up for that, should the plan materialize.
- As of now, I am keeping an eye on my investments and feel I can initiate some new positions as well as contribute more to certain holdings. However, I am waiting for an entry point as the markets have been okay (SPY and TSX returns were about 2% approximately for the month of October).