Canadian Dollars Blog

Well, February was again a very volatile month. So how did we do in February? RRSP: $42200 CASH: $15366 STOCKS: $33400 (outside RRSP) ------------------------------------------- TOTAL: $90966 (-2%) month over month For the month of February my networth decreased by about 2% due to more volatility in the market and a few unforeseen costs that I ran into. Namely, my car was in for repairs that costed me way more than I had originally expected. Also, I liquidated some old poor performing mutual funds that I had purchased about 10 years ago with advice from an advisor. I had neglected those funds for a long time and it wasn't until recently that I discovered that the MERs for those funds were ridiculous that I decided to sell them and purchase some index funds. Overall, I am still keeping a long term focus even though this past month was not as prosperous as I would have liked. Let's hope things improve in March! Thanks again for reading the Canadian Dollars Blog.

Well, January was certainly a volatile month. We ended 2007, at around 90K in networth. How did we do in January? RRSP: $33800 CASH: $22156 STOCKS: $36942.67 (outside RRSP) ------------------------------------------- TOTAL: $92898 What this means is that for the month of January, my networth actually increased 3%. My savings rate would have been even higher had it not been for the numerous dips that we experienced in the past few weeks. Overall, I am still relatively happy about the month despite the fact that many of my defensive stocks took minor nose dives. I stress that these are paper losses, as I have not sold any of my current holdings. I am in the market for the long term and I believe that those that are patient and who buy defensive stable stocks, will be rewarded wonderfully in the long run. The key thing is to stay disciplined and continue holding solid dividend paying stocks. Lets hope that the month of February is more prosperous. Thanks again for reading the Canad...

Well 2007 was certainly a rollercoaster year for the stockmarket. There were many times when the stock market corrected itself in the beginning part of 2007. By the second half, the impact of subprime loans created a huge tsunami that rippled throughout the world. The feds lowered interest rates and President Bush unveiled a plan to help bail out those with subprime loans. So how did good ol Canadian Dollars do, you ask? Well, this evening I dusted off the old spreadsheet and ran some figures. For the year ending 2007, my savings rate including all capital gains resulted in me having a net savings rate of 36.6%. This is actually much higher than I had originally expected. What this means is that on average, I'm growing my net worth by about 3% monthly. This is pretty decent. I realize that the number may seem high because I'm currently not a high networth individual. My total net worth as of now is just under $90,000. This is a very modest amount when compared w...