Net Worth Update

As of November 1st, my net worth was $101 220 (up 11% from $91 013). If I exclude house-related assets and liabilities, my net worth was $64 503 (up 2.7% from $62 822). As I mentioned a few weeks ago, our house gained a lot of value over the last couple of years, and that is now reflected in the new municipal rolls. This increased my net worth by $8 000.

Assets ($165 447, up 6% from $155 973)

• Bank Accounts $4 907 (down 24% from $6 457)
• Emergency Funds $2 040 (up slightly from $2 038)
• RRSP Accounts $42 966 (up 4.8% from $40 993)
• Non-Registered Investments $18 351 (up 0.7% from $18 231)
• Home $96 330 (up 9.4% from $88 050)

Liabilities ($64 227, down 1.1% from $64 960)

• Credit Cards $4 384(down 10% from $4 902)
• Mortgage $59 613 (down 0.4% from $59 859)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.388 (down from 0.417)
• House value / total assets: 0.582 (up from 0.565)

The repairs for the chimney were paid this month, which explain why available cash dropped. This brings me back to my usual range of about $4-5K in my bank accounts.

Although the markets were strong for the first two weeks of the month, the last two reflected more uncertainty. People are being told that the recession is over, so they expect things to be back to where they were before the downturn. Except that coming out of the recession is the quick part of it. The recovery, in terms of jobs and profitability, will take years. This is beginning to sink in.

Even though the markets were basically flat in October, my RRSP accounts went up. That's because one of my investments (Harvest Energy) is getting bought out at a premium to market value. As a result, the value of my investment went up.