December 2006 Net Worth Update (+$13,690)

A great way to wrap up 2006. My net worth shot up $13,690, ending the year with my 3rd highest monthly gain ever. If only these kind of gains were the norm!

Assets

Nov-06

Dec-06

Change

%

Cash & Savings

$ 62,388.13

$ 66,940

$ 4,551.50

7.30%

Taxable Brokerage Accts

$ 53,288.43

$ 53,888.90

$ 600.47

1.13%

Roth IRA

$ 28,695.69

$ 30,131.03

$ 1,435.34

5.00%

Pre-tax Retirement Accts

$ 113,987.02

$ 118,827.71

$ 4,840.69

4.25%

Stock Options

$ -

$ 3,040.00

$ 3,040.00

 

ESPP

$ 26,041.59

$ 27,523.29

$ 1,481.70

5.69%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

 

House #2 - Primary

$ 128,225.00

$ 128,225.00

$ -

 

Receivable (Payable)

$ 300.00

$ -

$ (300.00)

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 572,925.86

$ 588,575.56

$ 15,649.70

2.73%

Liabilities

 

 

$ -

 

Credit Card Balances

$ (47,524.62)

$ (48,224.37)

$ (699.75)

1.47%

House #1 Mortgages

$ (117,097.20)

$ (116,904.98)

$ 192.22

-0.16%

House #2 Mortgages

$ (103,489.95)

$ (103,381.58)

$ 108.37

-0.10%

Rental Deposits

$ (600.00)

$ (1,400.00)

$ (800.00)

133.33%

Additional Tax Liability

$ -

$ (760.00)

$ (760.00)

 

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (268,711.77)

$ (270,670.93)

$ (1,959.16)

0.73%

Net Worth

$ 304,214.09

$ 317,904.63

$ 13,690.54

4.50%

Highlights for December

Additional Stock Investments for December (Outside of 401k & ESPP):

  • $50 in Pfizer DRIP
  • $650 in Vanguard Roth IRA
  • $500 in Lowes DRIP
  • $100 in USG DRIP


Related in Net Worth Archive:

May 2012 Net Worth Update (-$28,098) (Jun 10, 2012) Highlights for MayWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. Our properties are listed on our...

April 2012 Net Worth Update (+$2,763) (May 09, 2012) Highlights for AprilWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We received $1,000+ in rewards cash...

March 2012 Net Worth Update (+$22,032) (Apr 11, 2012) Highlights for MarchWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We are close to earning ~$1,000...

Comments (7)


Great job. Love the DRIPs.

Great month, 2mil. Have you thought about accruing a tax liability to reflect the taxes that will need to be paid to cash in your pretax retirement accounts? For example, your 401(k) is over $100k, so you might want to set up a $25k tax liability to show the account at its actual market value. Over time the number will become more significant; in 10 years when you have $500k in your pre-tax retirement accounts, you're talking about a $125k tax liability.

I am a bit surprised to see how high your credit card balances are. I am also surprised to see that you are putting money into after-tax investments rather than trying to pay off that massive debt.

Hi again,

Just reread your post and realize now that your "massive" credit card debt is in the form of 0% credit card balance transfers - very nice indeed. Apologies for the previous post where I expressed my surprise at what I thought was purely credit card debt.

Gotta love the cash-rich month of December. The only thing you need to decide is what to do with all that cash. Nice one, 2mil.

I feel most of the cash is hands off because its from 0% balance transfers - I am willing to put it into liquid risk free investments like a savings account or money market accounts, but because I have a definite short-term pay back date and no sure new balance transfers to replace them I have little interest in doing anything risky with these free loans.

Once you factor them out of my cash, I only have about $15k mostly from my IBM stock sale. With the large expenses coming - wedding, honeymoon, possible reduction in income if my fiancee stops working, new house - I don't think I have enough cash yet :-)

CPA - I have thought about it - but I guess I haven't done it because it would throw off comparisions and since I know I won't be withdrawing this money tilll way in the future - whos knows how much tax or what my circumtances will be. Its a good idea - but Im a little gun shy. The only tax liability I am currently trying to track is for my stock options and I am doing this mainly to help smooth out the volitility of the value so it doesn't through off my net worth reports.

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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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