February 2007 Net Worth Update (-$1,351)

My streak of 24 monthly net worth gains has come to an end. My net worth declined -$1,351 this month. Its my first monthly net worth loss since Jan 2005 when my net worth declined -$1,903. The bulk of the decline this month was the result of a significant decline in my employer's stock price (IBM).

Assets

Jan-07

Jan-07

Change

%

Cash & Savings

$ 76,647.40

$ 76,595.31

$ (52.09)

-0.07%

Taxable Brokerage Accts

$ 59,184.41

$ 59,889.54

$ 705.13

1.19%

Roth IRA

$ 32,758.22

$ 32,638.53

$ (119.69)

-0.37%

Pre-tax Retirement Accts

$ 122,142.43

$ 124,184.47

$ 2,042.04

1.67%

Stock Options

$ 4,640.00

$ -

$ (4,640.00)

 

ESPP

$ 30,456.71

$ 28,549.13

$ (1,907.58)

-6.26%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

 

House #2 - Primary

$ 128,225.00

$ 128,225.00

$ -

 

Receivable (Payable)

$ -

$ -

$ -

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 614,054.17

$ 610,081.98

$ (3,972.19)

-0.65%

Liabilities

 

 

 

 

Credit Card Balances

$ (64,332.98)

$ (63,178.81)

$ 1,154.17

-1.79%

House #1 Mortgages

$ (116,716.89)

$ (116,519.97)

$ 196.92

-0.17%

House #2 Mortgages

$ (103,272.95)

$ (103,163.62)

$ 109.33

-0.11%

Rental Deposits

$ (1,000.00)

$ (1,000.00)

$ -

0.00%

Additional Tax Liability

$ (1,160.00)

$ -

$ 1,160.00

 

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (286,482.82)

$ (283,862.40)

$ 2,620.42

-0.91%

Net Worth

$ 327,571.35

$ 326,219.58

$ (1,351.77)

-0.41%


Highlights for February

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

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Comments (5)


2M, you've had a great run. A 0.41% total setback on the heels of the worst week for the stock market in 4 years is really not that bad when you put it in perspective. Looks like you're doing great.

Very good point! Im not too beat up about it - too much other stuff going on even think about it really.

Dear 2M,
I am impressed by your ability to track the net worth to such a great detail, especially month-to-month changes. What kind of system you use to track your assets/liabilities? I am a novice and hope to learn on how you are able to assimilate disparate financial data and show in a meaning full way. Any tips will be helpful.

I was perusing some of your earlier posts, and noted that you have achieved an incredible savings rate, typically 50%. Well done. This explains the hefty monthly investments (e.g. $2000 Vanguard).

I'm afraid that my savings rate excluding the home principle payments would be a fairly dismal 9%, whereas if I include the home equity we bring that number up to around 43%. Yes, this indicates we bought WAY too much house. But 50% is something to strive for--

I appreciate your method of calculating this, as well.

Ah, Mr. 2 million man, I've been reading your posts and I have to hold myself back from laughing. Are you serious? Do you actually give out advice? Do people really listen to you?
Your debt ratio is 50%. You have $76K in savings but $64K in credit card debt? You have a terrible FICO score (600's are bad) and did some serious damage to your credit score with these zero credit cards. You only have $43K equity in 1st home and $24K in 2nd home. Are you for real? Has someone sued you yet?
You should seek out a reputable financial advisor as fast as possible. If you don't, you are going to find yourself in deep doo doo.

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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: $1,938,393

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