Net Worth Update - Feb 2019

Welcome to my very first net worth update!

I have been tracking my net worth for a few years, as it is a great way to look back and make sure that I am still on track to meet my future goals. After this post, I will be updating my net worth statement around the 10th day of each month, to keep the snapshots consistent.

Explanations

I opened a P2P lending account with Lending Loop a few months ago to see what all the hype was about. I lent $200.00 to 4 different companies, and so far none of them are delinquent. My weighted average gross yield is 15.5%, before the 1.5% fee and taxes. Unfortunately, this account is fully taxable.

My non-registered investments are leveraged against an investment LOC, and is invested in a Canadian dividend ETF (VDY) for preferential tax treatment, and to have the ability to write off the loan interest.

My TFSA is invested in a US large-cap growth ETF (MGK).

My RRSP and my wife's S-RRSP are invested in a US dividend ETF (VYM) to avoid the 15% US withholding tax.

My home value is the assessed value, so it will change yearly.

My Investment LOC and my HELOC have interest rates of prime + 0.5% (4.45% as of 23 Feb 2019), so I will likely just be paying the interest in order to put all my free cash flow into investments.

My mortgage is a 5-year fixed rate mortgage at 2.49% until 2021.