July was an amazing month for stocks 😀 The S&P 500 index which contains many US stocks I own has climbed higher than 1,700 for the first time evar! My gut feeling tells me the market is fully priced right now so I’m not going to buy any new stocks for the next month and just focus on other ways to build up my wealth.
Speaking of wealth, Forbes has put together a list of the 15 richest personalities from popular movies, novels, television shows and games. Over the last year the combined net worth of the Fictional 15 has climbed 3% to $215.8 billion. Geez, even the fictionally wealthy are getting richer and richer 😛 Scrooge McDuck takes first place with a net worth of $65.4 billion. Tony Stark (Iron Man) has $12.4 billion from his defense contracts and inventions. Bruce Wayne has an estimated $9.2 billion from Wayne Enterprises. Tywin Lannister from Game of Thrones has $1.8 billion, and Lara Croft from Tomb Raider has $1.3 billion from her inheritance and treasure hunting 😀 How many characters do you recognize from Forbes’ Fictional 15? 
It’s worth pointing out that Carlos Slim and Bill Gates have net worths of $73 billion and $67 billion respectively so not even the richest characters from fictional wealth can compete with the wealthy celebrities of the real world, lol. What the rich seem to have in common (real life and imagined) is they all have a great story to tell 🙂 Maybe when I’m retired some day I’ll have a nice tale of my own. In July my net worth climbed higher again, mainly thanks to the recent rally in the stock market.
*Side Income:
- Part-Time Work = $800
- Dividends = $400
*Discretionary Spending:
- Eating Out = $100
- Others = $200
*Net Worth: (MoM)
- Assets: = $571,500 total (+$1,700)
- Cash = $5,400 (-$1800)
- Stocks CDN =$73,600 (+$2600)
- Stocks US = $40,300 (+$1300)
- RRSP = $30,400 (–$400)
- Home = $252,000 (same)
- Farm 1 = $152,500 (same)
- Farm 2 deposit = $17,300 (same)
- Liabilities: = $388,400 total (-4,100)
- Mortgage = $202,100 (-$400)
- Farm 1 Loan = $110,200 (-$300)
- Margin Loan CDN = $26,100 (Same)
- Margin Loan US = $22,100 (–$300)
- TD Line of Credit = $10,000 (-$3000)
- CIBC Line of Credit = $13,000 (same)
- Credit Card = $4900 (-$100)
*Total Net Worth = $183,100 (+3.2%)
All numbers above are in CAD. Conversion rate used: 1.00 USD = 1.04 CAD
July has treated me like royalty. I got a small raise at my full-time work, the stock market climbed to record highs, and no unexpected expenses. This perfect recipe led to a net worth gain of $5,800 🙂 Holy mashed potatoes, no idea what I did to deserve this luck. On average I only see $3,500 increase a month, so I certainly don’t expect this recent trend to continue.
Great job in July. I hope that things keep going well for you in August! As a huge fan of Game of Thrones, I can say that I think Tywin Lannister should have more money than Scrooge McDuck!
He probably should. Even if Tywin doesn’t have more money I think he has more political and military power than Scrooge, which is what really matters in the world 🙂 I’m not sure how Forbes came up with their estimates. Maybe the Lannister’s exact wealth was mentioned somewhere in the books.
YEE HAW ! I see $200,000+ net worth for you later this year, GREAT JOB !!!
Ah thanks :0) I’d have to average about +$4,200 per month for the remainder of 2013. I think it’s doable too.
Good job with the dividend income! The stock market has been crazy so far.
Yes, stocks have been very unpredictable lately >_<. One of the largest mining companies in Canada reported a huge $8.6 billion loss but their stocks went higher lol.
The fictional Forbes 15 is just hilarious. Really? Christian Grey? And surely scrooge’s bank vault full of gold coins that he can swim in us worth more than that, though he would have taken a hit lately with gold dropping. =).
Great progress on your net worth, too! Watch out jay gatsby!
I have yet to watch that movie. I heard Leo gives a pretty good performance in it 😮
Congrats on the raise and the net worth increase. Looks like a pretty awesome month. Wishing you many more to come!
Thanks 😉 It was probably one of my best months this year so far. Hoping to replicate it next month as well :0)
Ha, I love that Smaug is on this list. Hopefully the market keeps rising. I’ve had an interesting experience with one of my ‘fun’ stocks. I bought NeoStem at around $0.50, then it underwent a reverse stock split and was worth ~$5,50, but I had 10 times less shares. Then they switched from the NYSE to NASDAQ and were at $7.75 when I sold this morning. Turned my $100 in to $150, lol. It’s fun to play sometimes…
That’s quite a nice spike on the stock. 50% profit is pretty good for a small trade like that. Thanks for the tip, now you got me interested to buy some as well, lol.
Very nice month! I think that we will likely see a market correction soon, too.
Me too. So I’m not going to buy any new stocks for at least another month or so.