I’m a little past due but it’s time to do a mid year portfolio check up. TheMoneyWriters came up with the idea of doing a portfolio update to see how we are all doing thus far. Honestly, I would be surprised to see anyone with any significant portfolio growth at this point in 2008
This account is difficult to track as most of the cash was withdrawn to increase the down payment for the house that we built. Ideally, I should liquidate the whole account, but I’m waiting for some of the securities to increase in value. Stubborn, I know.
This account consists of cash and individual securities.
- Started year with: $45,200
- Withdrawn for down payment: $24,300
- Value after withdrawal: $20,900
- Current Value: $19,200
- Gain (loss): -8.1%
Smith Manoeuvre Portfolio
If you’ve been following, I have been posting a monthly update to my leveraged investment account. If you’re interested in the contents of this account, check out my latest smith manoeuvre portfolio. Since that update however, I have initiated an energy position in my portfolio.
- Started with: $50,000
- Interest Cost: $575
- Total Capital: $50,575
- Current Value: $49,475
- Gain (loss): -2.1%
Our RRSP Account
Our RRSP accounts consist of a self directed account with a major bank, a mutual funds account with the same bank along with a self directed RRSP account for my wife. With the Canadian markets just below breaking even so far this year, our RRSP accounts have been resilient with a small return.
The contents of our RRSP accounts are all over the place. A large portion are individual stock picks and a smaller portion are globally indexed via mutual funds. Moving forward, I will be looking to increase our indexed allocation.
Here are the details:
- Started 2007 with balance: $48,300
- Contributions thus far in 2008: $6,700
- Current Value: $56,200
- Organic Value (value before contributions): $49,500
- Gain (loss): +2.42%
Overall Portfolio Performance:
- Initial Capital: $119,775
- Current Value: $118,175
- Gain (loss): -1.35%
It seems that the big declines in the Canadian and U.S markets have resulted in a small loss in my portfolio thus far in 2008. How has your portfolio been performing this year?
Here are some investment portfolio numbers for the rest of TheMoneyWriters: