Net Worth Update

As of June 1st, my net worth was $78 372 (up 3% from $76 057). If I exclude house-related assets and liabilities, my net worth is $51 352 (up 4.7% from $49 057).

The market recovery continues, and that accounts for most of the rise in my net worth. I am far from convinced that the current rise will prove to be solid -- I expect the summer to bring another fall (no pun intended). In fact, I hope it does, for times of pessimism are great for investors looking for quality companies selling at a discount.

The rise of the Canadian dollar has also been fast and pronounced. It rose 10% in the month of May alone. I've started buying some U.S. dollars in April to feed my U.S. DRiPs, and I will continue now that the terms are more interesting. Some economists are expecting parity again by the end of the year. My guess is that as long as the current wave of optimism continues, the U.S. dollar will continue to fall. However, it should have a revival if (or rather when) another wave of pessisism hits the markets. We shall see.

Assets ($142 605, up 1.7% from $140 259)

• Bank Accounts $3 227 (down 20% from $4 038)
• Emergency Funds $2 595 (down 14% from $3 007)
• RRSP Accounts $35 051 (up 7% from $32 751)
• Non-Registered Investments $13 550 (up 10% from $12 290)
• Home $88 050 (stable)

Liabilities ($64 233, up slightly from $64 202)

• Credit Cards $3 051 (up 0.6% from $3 034)
• Mortgage $61 050 (down 0.2% from $61 172 -- revised number)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.45
• House value / total assets: 0.62

I had to revise the amount outstanding on my mortgage, since I had made a small mistake last month. My liquidities went lower this month because I paid some bills outrights (such as the second installment of this year's municipal taxes). That was planned for, so this caused no problem at all.

Things are proceeding well. There is some slow-down at the company I am working for, due to delays in the start of some projects. But I should not be impacted since I work on a billable project for a client.