Financial Summary for 2017

Well, the holidays are over so it’s time to get back to my blog! I hope everyone had a good Christmas and New Year. I thought it would be fun to post an annual summary of my investments so that I can see how they grow from one year to the next. I also thought it might be a good idea to make this post in order to give you the whole picture. I’ve mentioned my dividend income plenty of times, but I’ve never talked about my mutual funds or GICs, or about my peer-to-peer lending account.  I’ll try to give you book values when I can, but in the case of my mutual funds I only know their current market value.

1. RRSP. In my RRSP, I have mutual funds and a GIC. Most of my mutual fund money is in Scotiabank’s Canadian Bond Index Fund. The GIC will mature at the end of 2020, at which point I will take the cash and buy stocks with it. The current values of my investments in my RRSP are:

GIC: $1336.90

Mutual Funds : $37,556.26

  1. Taxable investment account. This is where all of my stocks are at the moment. I will be transferring some of them into tax-free accounts when I get them set up. In 2017, I earned $9923 in dividends. Based on today’s exchange rate, my projected income for the next twelve months is $11,126.

Book value: $208,456.05

  1. Non-registered GICs. I have no idea why I bought these GICs, but they’re right there on my account page. They’re locked into five-year terms, but I won’t renew them. I’ll take the cash and use it to buy more dividend-growth stocks. One GIC will mature at the end of 2018, the other at the end of 2019.

Current value: $1596.89

  1. Peer-to-peer lending. At the suggestion of a co-worker (who is a pretty savvy investor), I signed up on Lending Loop in April. (You get $25 for each person that you refer, so I’ve used an affiliate link). I’ve decided that I’m not a huge fan of peer-to-peer lending. But most of my money is locked into three-year loans, so in 2018 I’ll reinvest my payments into two-year loans. In 2019 I’ll only reinvest into one-year loans, and then I hope to close the entire account down in 2020. I have earned $95.26 in interest since April.

Principal invested: $2500

Based on all of the numbers above, my current net worth is $251,446.10.