Friday, October 13, 2023

check in: net worth $1,050K ($698K)

I guess most of the growth in my income comes not from actual savings or anything important but from EXCHANGE RATE ISSUES - the growth of the Swiss franc in relation to the Canadian dollar. But it happens on both fronts between Canada and the US. 

It's crazy the differences and a little disheartening that over the last year and a half I've just barely managed to increase my Swiss net worth by 48k CHF. If you look at it in Canadian terms, though, it looks completely different - over this timeframe my net worth has increased by a pretty decent $168k CAD, and I've reached "millionaire status"; this happened back in April already, but you know my life has been pretty baby-dominated for the last 8 months. 

In terms of insights? Well, it looks like I can do better on savings, actually, although my numbers look good because of the exchange rate and because I'm measuring in Canadian dollars. I should probably keep moving cash into Canada given the current situation (which I expect to improve, given what I believe is the continued strong state of the Canadian and American economies).  

I will keep making updates. It's good to know that by end year I will have just over 700k Swiss francs almost regardless of whatever else happens. 

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