January 2007 Net Worth Update (+$9,666)

A mediocre start to the New Year. Any month where the markets have healthy gains is sub par for me if I can't get a 5 figure increase. I made some progress, but overspent during the holidays and adding some furnishings to my house as I re-settle in from my temporary assignment. I need to finish up my annual net worth performance review and create my financial goals for 2007.

Assets

Dec-06

Jan-07

Change

%

Cash & Savings

$ 66,940.00

$ 76,647.40

$ 9,707.40

14.50%

Taxable Brokerage Accts

$ 53,888.90

$ 59,184.41

$ 5,295.51

9.83%

Roth IRA

$ 30,131.03

$ 32,758.22

$ 2,627.19

8.72%

Pre-tax Retirement Accts

$ 118,827.71

$ 122,142.43

$ 3,314.72

2.79%

Stock Options

$ 3,040.00

$ 4,640.00

$ 1,600.00

52.63%

ESPP

$ 27,523.29

$ 30,456.71

$ 2,933.42

10.66%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

 

House #2 - Primary

$ 128,225.00

$ 128,225.00

$ -

 

Receivable (Payable)

$ -

$ -

$ -

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 588,575.56

$ 614,054.17

$ 25,478.61

4.33%

Liabilities

 

 

 

 

Credit Card Balances

$ (48,224.37)

$ (64,332.98)

$ (16,108.61)

33.40%

House #1 Mortgages

$ (116,904.98)

$ (116,716.89)

$ 188.09

-0.16%

House #2 Mortgages

$ (103,381.58)

$ (103,272.95)

$ 108.63

-0.11%

Rental Deposits

$ (1,400.00)

$ (1,000.00)

$ 400.00

-28.57%

Additional Tax Liability

$ (760.00)

$ (1,160.00)

$ (400.00)

 

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (270,670.93)

$ (286,482.82)

$ (15,811.89)

5.84%

Net Worth

$ 317,904.63

$ 327,571.35

$ 9,666.72

3.04%

Highlights for January

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

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Comments (13)


It looks like you had some stock options vest? Or a new grant? It looks like you kicked in quite a bit to the ESPP; I can't remember if you posted about it.

Have you thought recently about updating the prices of the homes, based on comparable sales?

Nice track record.

3.0% gain is phenomenal in a month. Dont get stuck up with 10K.

What is it that you do? I know you're an engineer @ IBM, but how much are you making annually from that job for you to be investing so much of your income?

how did you make $ 25,478.61
in one MONTH!!! That's awesome...teach me!

How did you earn 14.50 % from Cash & Savings???
A $ 9,707.40 change in one month???

Thx

Sharpie - its not how much Im making- its how much I am savings. Last review it was near 50% of my earned income.

Haz - My assets gained $25k because I added a 0% balance transfer - if you factor in my liabilities youll see that I really only gained $9k.

The jump in my cash/savings is a result of the money from the balance transfer going to my savings account.

I agree with Anonymous up above ---- a $10K jump in one month (3%) is tremendous. Let's hope for many more 3% growth months; that would be great! :)

-N.W.

the money (9707.40) that is money from a BT, right? So you still have to pay that back. So what did you make off the BT?

thanks

Read this guide on balance transfers for more info.

Sharpie, My annual income is in the $75-$100k range.

$2m,
No need to beat yourself over the head with this one.
I had very challenging times in November 11/2006 and December 2006 12/2006 for pre-planned expenses. Until we're both alot richer, you won't be able to count on your investment gains exceeding abnormal monthly expenses. Besides, even with regular monthly spending the market can go down!
You're doing great!
BTW, would you mind submitting this posting to the new Networth Carnival of Personal Finance? I'm creating a carnival that aggregates everyone's networth progress. Here's the link: http://blogcarnival.com/bc/cprof_1112.html.

Regards, your friend and admirer, makingourway

I know a number of people playing the 0% balance transfer game. My advice? Don't even consider it. The toll it takes on your credit in the interim is not worth the 5% APR you can get on the money. In other words, would you rather get 5% on 50K, or qualify for a lower mortgage interest rate on a home or investment property? Paying .5% higher in mortgage interest could equate to TENS OF THOUSANDS OF DOLLARS A YEAR, which far outweighs the couple extra thousand you make in your savings account.

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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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