Net Worth Update

As of July 1st, my net worth is $72 069 (up 3.9% from $69 366). If I exclude house-related assets and liabilities, my net worth is $48 713 (up 5.5% from $46 155). Another good month in the Frog's pond! But there are some clouds coming, for more car repairs are on the way, as well as some house renovations. Princess and I set up a line of credit to do this, so I am adding a line in the liabilities section, even though we haven't tapped it yet.

Assets ($143 608, up 1% from $142 117)

• Bank Accounts $4989 (up 80% from $2 762)
• Emergency Funds $2 600 (down 3.7% from $2 700)
• RRSP Accounts $36 149 (down 0.2% from $36 214)
• Non-Registered Investments $8 553 (up 2.9% from $8 309)
• Home $86 100 (stable)
• Arbitrage $5 000 (stable)

Liabilities ($71 539, down 1.7% from $72 751)

• Credit Cards $3 474 (down 17.4% from $4 204)
• Student Loan $894 (down 22% from $1 152)
• Mortgage $55 941 (down 0.2% from $56 036)
• Heat Pump Loan $6 803( down 0.7% from $6 853)
• Arbitrage $4 219 (down 2.1% from $4 310)

My cash reserve were much higher this month, as I prepare for the coming expenses for the summer (car repairs and house renovations). The emergency fund was slightly lower because of the turnover in one of my GICs. Credit card debt (mostly 0% financing) keeps going down fast, but I expect them to go up before the end of summer.

My RRSP accounts went down in value, even though I kept adding more money in. As I have said before, this is not a problem as I am in for the long term. The recent changes that I made (the purchases of shares in Pepsi and General Electric) were partially responsible for this, due to the comissions paid for the purchases, and the fact that the shares of those companies went lower after my purchases. Am I worried by this? Of course not! I knew I wouldn't be able to pick the bottom, and in 10 years the difference will be meaningless. I even received the first dividend payment from my Pepsi shares (not included in the above numbers). If the shares keep going lower, I will buy more of those (or other similar companies) as more money gets added to my RRSP accounts.