Categories
Investing Real Estate Retirement Spending

July 2021 Net Worth Update

I’ve been kind of hesitant to do a post like this but going forward, I will be doing ‘general’ net worth updates. I will not be disclosing my exact Net Worth, but I will tell you, it is considerably less than $1M CAD.

No, I can’t retire yet!

July 2021 Net Worth Update

  • Previous year – compared to July 2020 – I am up 24%.
  • Previous month – compared to June 2021 – I am up 1%

What My Net Worth is Comprised Of

Of my net worth, approximately half is my condo and the other half is my retirement fund and a small amount of cash. I do not keep a lot of cash around.

I keep most cash invested and use a line of credit, if needed.

Reason for Increase

While I’d like to take credit for the increase, I believe it is one thing – money printing and with that, inflation.

Since the last financial crisis, money printing, quantitative easing or whatever you want to call it, has bloated the worth of stocks and real estate. When you factor in the pandemic and the huge amount of subsidies released, this has not helped.

Real estate, especially within cities, has done extremely well over the past 10 years. There is a flight to the urban centers going on (even with the pandemic), which has bolstered market values.

This is a fairly simplistic analysis and I won’t go into further detail but I believe some kind of crash is inevitable.

What do you think?

Leave a Reply

Your email address will not be published.