Comments on: September 2008 Net Worth Update (+0.34%)

By: Vic

Vic — Sat, 04 Oct 2008 23:15:34 +0000

You seem to be doing well in the stockmarket despite the volatility and the general downward trend I look forward to your post on Benjamin Graham, now that Warren Buffett has started buying it could be a sign that the end is nigh !

By: Aspiring Entrepreneur

Aspiring Entrepreneur — Fri, 03 Oct 2008 09:01:28 +0000

We have the same financial freedom goal. I’m quite near with my goal of earning my first million but it’s in Philippine Peso. Hopefully, I can also reach the US $1Million mark someday in the future. Check out my blog too ;)

By: FrugalTrader

FrugalTrader — Wed, 01 Oct 2008 11:59:47 +0000

Hi Cannon, yes, I have had some dividends produced thus far, but I have yet to withdraw them. I may withdraw them on a semi-annual, or annual basis.

By: kasm

kasm — Wed, 01 Oct 2008 05:21:34 +0000

Wow investments are only down 2-5%. For Sept I’m down 8% :( – mostly in equities unfortunately. A few banks and gold stocks are up for me, but everything else is red.

By: cannon_fodder

cannon_fodder — Wed, 01 Oct 2008 02:16:45 +0000

FT,

Has your non-registered portfolio produced any dividends to apply to your SM yet?

I’ve almost completed crafting my portfolio (there is still 1 or 2 stocks I’d like to pick up) and my yield on my original investment is 4.44% without any income trusts.

By: Finance_Addict

Finance_Addict — Wed, 01 Oct 2008 01:36:38 +0000

FT – Your savings were up 12.5% and your cash did not move. Where did you pay your TV etc. from?

By: FrugalTrader

FrugalTrader — Wed, 01 Oct 2008 01:20:15 +0000

Hi MultifolDream$, I typically use the Canadian black book to evaluate the values of the cars.

By: MultifolDream$

MultifolDream$ — Wed, 01 Oct 2008 01:01:39 +0000

FT, Do you have amortization plan for your cars?
I reduce my car’s value monthly by a small amount so that in several years it will cost close to 0

By: FrugalTrader

FrugalTrader — Tue, 30 Sep 2008 16:09:49 +0000

Hi Pinyo,

Approximately 10% of my portfolio is invested in the U.S. I would say that proportion will increase in the near future.

By: Pinyo

Pinyo — Tue, 30 Sep 2008 15:49:59 +0000

@FT – What percentage of your investment is in U.S. market versus Canadian market?

By: Gates VP

Gates VP — Tue, 30 Sep 2008 15:18:16 +0000

Hey FT, you gotta spend some of it :)

If you’ve making your saving goals for the years, you get no flack for the rest.

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 30 Sep 2008 13:04:09 +0000

FT,

Actually I think that presenting the portfolio values as of Friday is consistent with what you have reported in the past. As for the savings – if you could postpone that future liability or decrease the amounts of it, you could take full advantage of the bear market declines. It’s always good to find bargains..

By: FrugalTrader

FrugalTrader — Tue, 30 Sep 2008 12:48:01 +0000

Reverend, I wrote this post the day before yesterday. I know, it’s convenient as there was a market crash yesterday. If I were to account for yesterday’s crash, then my net worth this month would probably be negative. But then again, we’ll probably get a bounce today.

FP, thanks for the encouragement. I’ll make sure that my wife doesn’t read your comments as she may get the cue to buy more stuff! :)

By: Four Pillars

Four Pillars — Tue, 30 Sep 2008 12:44:56 +0000

Frugal can mean anything you want.

If you live within your means, save a large percentage of your earnings and make sure you get good prices on items that you will value and use – that to me is “frugal”.

Let’s face it – you guys have a pretty good financial situation, so you can’t compare your spending habits with someone who only makes half as much money (or less) and has a ton of debt.

By: The Reverend

The Reverend — Tue, 30 Sep 2008 12:35:24 +0000

Out of curiousity, what is the statement date for your investment portfolio values? Despite the negative numbers, the movement wasn’t too bad, especially considering yesterday’s sharp decline. I haven’t tallied up my performance for the month but I’m expecting it to be closer to -6-8% on my index funds.

Oh, and almost forgot, great job managing to scrape out some savings despite the bigger purchases this month. I tend to justify a flat or negative month when I have these things creep up so its great to see you stay committed. I’ve still got lots to learn.