*Dividend Income:
- Discount Brokerage = $200
Discretionary Spending:
- Eating Out = $200
- Others = $1100
*Net Worth:
- Assets:
- Cash = $6,100 ( +$1,600 MoM)
- Stocks = $68,200 ( +$20,100 MoM)
- Home = $243,000
- Liabilities:
- Mortgage = $210,400 (-300 MoM)
- LOC Balance = $4,000
- Other Loans = $16,500
Total Net Worth = $86,400 ( +1.77% MoM)
Big month for income, as well as spending. Received bonus from work, nice! Paid auto insurance, property tax, and then spent $1K on consumer discretionary items (lots of games and toys from Ebay.) Also put in $4K on a margin account, more on this later. Furthermore, borrowed a lot of money to invest because the stock market went down a bit in June so now there are lots of discounted stocks to choose from. Bought some Intel, Caterpillar, KKR, and Stillwater Mining.
Opened up a couple of margin trading accounts and put some money into them. My “Other Loans” mentioned above include an RRSP loan, and a separate line of credit.
* Numbers are rounded to the nearest $100.
