Net Worth Update- March 2015 +$2,568 (+2.1%) 8

March 2015 was a great month for me as I was able to start many initial positions in solid dividend growers. Canadian market has been volatile for last 5-6 months due to some bad news related to low oil prices and overvalued housing market which gave me perfect opportunity to jump in. As you may know I purchased Bank of Nova Scotia a while ago and several more in March 2015 when they faced downturn volatility (Yay~!). I looked hard to find good values here and there and decline in oil price has resulted very good entry points in great oil&gas as well as banks, mortgage and insurance service companies in Western area and that’s mainly where I started my initial positions at. I purchased

That’s $550 annual free cash ($46 per month) that will compound itself out over the years and make my life a bit more comfortable.

201503 networth pic1My local currency Canadian Dollar is still relatively weak against US Dollar at $1USD = $1.12585CDN. Many indicators suggest the Canadian dollar to be weaken further as it is very much tied to the price of oil which is extremely volatile lately. Is it a good news for Canadian? Well… It should be great news to people with US dollar investments and US exporters but bad news to people and business that import goods from US such as food, clothing and cars. For me, I should be indifferent as I won’t trade my US stocks and ETFs anytime soon and probably hold them forever. My 80% of portfolio value is connected to US stocks and ETFs and because of currency fluctuation, my net worth appears to be higher at this point.

This is my third 2015 net worth update. Net worth update is posted monthly to keep track of the progress of my journey to become a millionaire. I believe anyone can be a millionaire with right habits and smart investing plans. If you would like to join the journey, please like my Facebook page and subscribe your email for free updates. I started this blog in August 2014 and my net worth has been grown by 57% so far from $79,352 to $124,489 which shows average monthly growth of $5,642. Keep it steady and slowly which is the key to become a millionaire.

March 2015 has been a good month for me. Total net worth went up by 2.4%. My main investments are comprised of VTI, VCE and other dividend aristocrats and all of them headed down a bit during the month so I enjoyed deploying my cash to the market by purchasing companies I mentioned above at a slightly discounted price.



It went down quite a bit but not too shabby. My credit card debt is around $800 which is at exactly how I want it to be. I am close to debt free and I like it that way. I just love the feeling of keeping my credit card balance low as I feel empowered to be debt free.

My majority of cash is sitting in President choice Debit account. I use it for the most of the money transfer, bill payments, cheques etc… as there is no transaction fee in this amazing card. Due to its partnership with CIBC bank, I can use their extensive CIBC ATMs network which is awesome. Their customer service is great as well.

I use TD bank card as well which is used for only investment transfer purpose as it is connected to TD warehouse brokerage account which gives me some convenience of transferring fund and invest. Check out the following section to see what credit cards and debit cards options we have in US and Canada.

 201503 networth pic2

Our TFSA has grown by 2.2% from $76,725 to $78,438 and our RRSP has grown by 4.9% from $43,284 to $45,409. Considering the fact that I contributed about $2,000 last month, our investment has grown by about $2,000 over the month. My portfolio’s quarterly dividend payments really contributed to my portfolio growth while market fluctuated. I have received about $510 this month from the following dividend growing companies and VTI. Of course DRIP was activated on VTI and CWB.

  • VTI- $450
  • CWB- $48
  • Atco- $15

Checkout the following section for more investment tips- Investing


Credit card

We tried to minimize spending over last couple of months and it worked out pretty well. We use Capital one Costco credit card as it gives us 3% cash back on restaurants (6% on first 3 months). I spend about $500 per month on my team meals at work so that would be $15 ($30 for first 3 months) cash back per month. Remember. Everything adds up.

We also have MBNA cash back card that we use mainly for grocery and gas for 2% cash back and everything else for 1% cash back (5% on first 6 months) without any annual fee. Unlike capital one cash back card and all other cash back cards out there, MBNA card is well beyond expectation. First of all, MBNA pays cold hard cash back (not points toward purchasing goods and services) and secondly, MBNA directly deposits the cash right away to your bank when it hits $50 mark. That’s great as I don’t have to wait until the end of the year to collect cash. Check out the following links if you are interested in getting awesome credit cards like MBNA and Capital one credit cards.

US residents

Canadian residents




We have been tightening up spending. We set up two major rules and following religiously so far.

  1. My wife added some more healthy option after watching some documentary films about how chickens, milk cows etc… are raised so we have been purchasing quality organic ingredients, cook home meals most of time and go out and enjoy restaurant meal once a month together in a mutually agreed restaurant.
  2. We shop at Costco once a month for majority of grocery (They are always fresh and love their AAA beef so much for very attractive prices) then for urgent needs, my wife goes grocery nearby our place for eggs, milks, vegetable and fruits as in need basis. Our monthly grocery budget is $500 per month. I know it is high for just two people but we love healthy and good quality food and I am a meateatarian.
  3. We will keep being frugal on all other expenditures. See the following links for excellent ways to save money.

Hope you enjoyed this month’s net worth update. Remember, if you haven’t, set your saving & investing plans up and try to see how much net worth you have reached as of now and how much it has fluctuated in the past. Knowing where you are and where you will be headed will be a great starting point to be a millionaire and retire comfortably. Hang on there. I will be on the journey with you.

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8 thoughts on “Net Worth Update- March 2015 +$2,568 (+2.1%)

  • Roadmap2Retire

    Congrats on another great month, BSR. Those are a lot of purchases over the month…and some good names and a couple I dont recognize. I will need to check them out.
    Overall, I really like the breakdown and the detailed overview. Thanks for sharing

    Best wishes

    • Be Smart Rich Post author

      Thanks for stopping by R2R. ESI, CWB and HCG are all small players but very strong dividend growers over last couple of decades. Check them out and you may like to have them in your watch list. Some people do not like them because of their small sizes but I think it is worth taking additional risks for excellent companies.



  • Ryan @ My Dividend Growth

    This was an excellent month for you, I really like all the graphs you’re using to display the data. You were able to put so much money to work in new investments and I’m excited to see them start to pay off here shortly. Thanks for sharing!

    • Be Smart Rich Post author

      Almost all new investments already paid me their quarterly dividends which is great. Rather than timing the market, I will keep sticking to dividend growth investing. Thanks for stopping by Ryan.


  • Jeff

    Hi Be Smart Rich,

    Nice to see a positive month in your net worth especially in the volatile Canadian market. I look forward to reading how you do next month! 🙂

    • Be Smart Rich Post author

      Thank you Jeff. Yeah last month was quite volatile which provides me great timing to purchase some more dividend paying stocks. Although the net worth did not increase as much as I hoped for, the market will turn around with more capitals invested so I am somewhat indifferent to how market does in a short term. Thanks for stopping by Jeff and hope to see you more often.


    • Be Smart Rich Post author

      Thanks buddy. I have been quite busy for sure in March and I am thinking of building some cash to wait for next best buying opportunity as I think Canadian market would be volatile for a while. Thanks for stopping by and I really love your strong dividend every month!