April 2006 Net Worth Update (+$9,799)

Here's my net worth update for April as of 4/30/2006. Another good month, however a big chunk of my gain is due to an accounting correction for tax liability. Ignoring this adjustment, I gained $6,799 for the month.

 

Mar-06

Apr-06

Change

%

Cash & Equivalent

$ 9,422.55

$ 6,888.35

$ (2,534.20)

-26.90%

Savings

$ 36,434.73

$ 43,797.06

$ 7,362.33

20.21%

Brokerage

$ 46,261.02

$ 42,650.68

$ (3,610.34)

-7.80%

Roth IRA

$ 22,912.04

$ 24,799.76

$ 1,887.72

8.24%

401(k)

$ 78,415.04

$ 81,246.68

$ 2,831.64

3.61%

Stock Option

$ -

$ -

$ -

0.00%

ESPP

$ 33,554.25

$ 35,289.95

$ 1,735.70

5.17%

Rental Equity

$ 41,397.93

$ 41,584.91

$ 186.98

0.45%

Other Assets

$ -

$ -

$ -

0.00%

Receivable

$ -

$ -

$ -

0.00%

Reserve Funds

$ -

$ -

$ -

0.00%

Loans

$ (29,759.23)

$ (30,819.75)

$ (1,060.52)

3.56%

Tax Liability

$ (3,000.00)

$ -

$ 3,000.00

-100.00%

Total

$ 235,638.33

$ 245,437.64

$ 9,799.31

4.16%




Highlights for April
-All credit card debt (except current month's purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts.
-I made an accounting correction that recognized a $3,000 gain for money that was reserved for 2005 tax liability.
-I finished up my indepth look into the 2005 return on my entire net worth by looking at the returns on my investment property:$2,562 and taking a final recap of my performance.
-As part of my action plan to improve my performance in 2006, I sold my Bellsouth holdings resulting in a temporary reduction in my Brokerage accounts and subsequent increase in my Savings accounts until I invest it.
-I finished up my 2005 income taxes and found I paid 16% in federal income tax.
-I got fed up with Etrade and decided to consolidate my holdings to my Sharebuilder account.


Additional Stock Investments for April (Outside of 401k & ESPP):
$1,250 in Roth IRA
$100 in Pfizer DRIP

Related in Net Worth Archive:

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Comments (4)


DATE: 1:48 PM
Also note I am looking to reformat my net worth statement sometime soon. Let me know if you have any suggestions on how I can improve it.

DATE: 4:53 PM
WOW!! I am amazed on how you do it... Is a good chunck of the earnings what you saved from your paychecks or actually money you made off of investments? I notice you contribute A LOt of your 401 (k) and roth. What kind of returns percentage wise you seeing on those?-garrett

DATE: 8:21 PM
I got the perfect question for you that will answer all of my questions for right now..How much is passive income and how much is active income?

DATE: 8:22 PM
I got the perfect question for you that will answer all of my questions for right now..How much is passive income and how much is active income?

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,574,185

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