October saw my net worth increase by 1% driven by very strong income and investment gains
The value of my investment portfolio was up over 1% with continues strength in equities markets. There were noticeably more down days in the month, possibly a sign sentiment is turning? I guess we'll see but markets have been remarkably strong this year so a correction seems long overdue.
Pension unit values were also around 1% higher in line with equities performance
Property income was high. One tenant paid another 6 months rent upfront, 2 others paid on time and my problem tenants in the remaining property have now left. Once some maintenance issues are addressed this property should be back on the market within a couple of weeks.
Cash balances were higher on strong income although expenses were high. Despite this including some travel expense and another two years of gym membership, underlying expenses were also higher than usual. Something to keep an eye on.
Year to date net worth growth: 19.1%
Year to date savings rate: 68%
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