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

All credit card debt (except current month's purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts.
My net worth took a $9k hit from the sudden stock market drop last week.
I am planning a year long assignment in China.
I finally got around to setting my 2007 financial goals. Better late than never I guess.
I continued the annual review of my net worth performance. I calculated investment returns, company ownership, and investment property.

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

$850 in ConocoPhillips DRIP
$100 in USG DRIP
$250 in Vanguard Roth IRA
$2000 in Vanguard Extended Markets ETF

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 (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.

Posted by LAMoneyGuy | March 5, 2007 10:39 AM

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

Posted by 2 million | March 5, 2007 11:13 AM

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.

Posted by NoviceFI | March 6, 2007 4:40 PM

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.

Posted by Jonathan C | March 14, 2007 2:16 PM

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.

Posted by Never Again Debt | March 14, 2007 8:53 PM