Apple recently became the first US company to surpass $1 trillion in market value, wowzers! 😀 It’s hard to imagine that merely 2 decades ago the company was on the verge of bankruptcy. But then Steve Jobs came back as CEO and turned the whole company around. I didn’t have the foresight to buy Apple stocks in 1998 when it was less than $1/share. Amazon and Alphabet (Google) shares are probably next in line to breach the trillion dollar milestone.
We’re living in a digital world where technology companies today have become like utility companies in the past. I have owned all 3 for many years now and will continue to add more tech stocks to my portfolio over time. A devastating tech crash like in 2000 shouldn’t happen again because the big companies today actually have sales and profits to backup their market value. 🙂 The only major risk, albeit not very likely, is a prolonged, global internet blackout or some other technological black swan event.
As North American stock markets climbed in July so did my investments.
Liquid’s Financial Update
*Total Income: = $7,500
- Full time job = $4000
- Part time job = $1100
- Freelance = $600
- Dividends = $900
- Interest = $900
- Food = $300
- Housing = $1200
- Utilities = $100
- Miscellaneous = $1800
- Additional Debt Interest = $900
*Net Worth: (ΔMoM)
- Assets: = $1,228,900 total (+6,400)
- Cash = $11,600 (+1100)
- Canadian stocks = $173,000 (-600)
- U.S. stocks = $121,500 (+3700)
- U.K. stocks = $21,900 (-300)
- Retirement = $115,000 (+1800)
- Mortgage Funds = $33,900 (+600)
- P2P Lending = $32,000 (+100)
- Home = $275,000
- Farms = $445,000
- Debts: = $430,000 total (-3,400)
- Mortgage = $192,000 (-500)
- Farm Loans = $182,400 (-500)
- Margin Loans = $50,100 (-900)
- TD Line of Credit = $1,500 (-500)
- CIBC Line of Credit = $4,000 (-1000)
*Total Net Worth = $798,900 (+$9,800 / +1.2%)
All numbers are in $CDN.
On an unfortunate note I’ve witnessed my first defaulted loan on the peer to peer platform, Lending Loop. Normally my account balance would go up $300 every month. But in July it only gained $100 because a loan went in default and $200 was written off. 🙁 Oh well. It was a street sweeping company in B.C. that went bankrupt. I guess you can say they just couldn’t brush away their debts anymore. I might have to make sweeping changes to how I use this lending platform going forward. 😀
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Random Useless Fact:
32% of Americans say they never floss. (source)
I need to side hustle like u.
It takes time to ramp up any new side gig. But it helps financially. 🙂
Just out of curiosity what grade loan from Lending Loop defaulted?
It was a C grade loan. Interest rate was 16% annually. I invested $250 but only got back $50 plus a few month’s of interest. I feel bad for some of the other investors who put in thousands of dollars. Yikes. 🙁 Normally Lending Loop would go after the assets of the defaulted company. But in this case the business owed so much money in back taxes to the CRA that there would be nothing left for private creditors. Most of my loans are either B or C+ grades.
I heard about Lending Loop from your website and started in February of 2018 only in D (20.67-20.96% annually) loans I currently only have 8 with $200 invested in each but no defaults as of yet.
Wow. You have balls. 🙂 That’s great none have defaulted so far.
Only a couple hundred thousand to reach $1 million!!
Yay 🙂
Hey Liquid every thousand you get closer ;), what do you do for Side job? And for freelance?
The incomes are after tax right?
My side job is teaching graphic design in a private college. Graduating students go on to work in the digital media field. For freelance I create logos and manage websites, including writing occasional columns about finance and investments. All incomes are what I receive after taxes.
Your net worth chart is a thing of beauty.
I am surprised how consistent the economy has been. We have not had a major recession since I began tracking my net worth 10 years ago.
You are doing soooo good, so close to 7 figures!!!!
Thanks. It won’t be long now. 🙂
Is the home book value or market value? Strange to see it the same for so many years but you update your farm value annually.
Home is book value plus inflation every year. I update the value every January based on the previous year’s CPI rate. 🙂 I don’t know what the most recent market value would be.