May 2007 Net Worth Update (+$18,615)
This month's net worth gain is $74 shy of my record set in my August 2006 net worth update. Regardless, its great to see such strength in my monthly gains -- a larger and larger portion due to paper investment gains.
| Assets | Apr-07 | May-07 | Change | % |
| Cash & Savings | $ 50,695 | $ 28,747.21 | $ (21,947.82) | -43.29% |
| Taxable Brokerage Accts | $ 65,202.00 | $ 67,420.60 | $ 2,218.60 | 3.40% |
| Roth IRA | $ 35,443.64 | $ 36,982.78 | $ 1,539.14 | 4.34% |
| Pre-tax Retirement Accts | $ 133,740.18 | $ 138,322.94 | $ 4,582.76 | 3.43% |
| Stock Options | $ 6,256.00 | $ 10,600.00 | $ 4,344.00 | 69.44% |
| ESPP | $ 33,981.19 | $ 35,805.03 | $ 1,823.84 | 5.37% |
| House #1 - Rental | $ 160,000.00 | $ 160,000.00 | $ - | |
| House #2 - Primary | $ 128,225.00 | $ 128,225.00 | $ - | |
| Receivable (Payable) | $ 3,061.00 | | $ - | |
| Other Assets | $ - | $ - | $ - | |
| Total Assets | $ 616,604.04 | $ 606,103.56 | $ (10,500.48) | -1.70% |
| Liabilities | | | | |
| Credit Card Balances | $ (41,062.54) | $ (11,163.78) | $ 29,898.76 | -72.81% |
| House #1 Mortgages | $ (116,146.24) | $ (115,954.54) | $ 191.70 | -0.17% |
| House #2 Mortgages | $ (102,942.33) | $ (102,830.99) | $ 111.34 | -0.11% |
| Rental Deposits | $ (1,000.00) | $ (1,000.00) | $ - | 0.00% |
| Additional Tax Liability | $ (1,564.00) | $ (2,650.00) | $ (1,086.00) | 69.44% |
| Other Liabilities | | | $ - | |
| Total Liabilities | $ (262,715.11) | $ (233,599.31) | $ 29,115.80 | -11.08% |
| Net Worth | $ 353,888.93 | $ 372,504.25 | $ 18,615.32 | 5.26% |
Highlights for May
- 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 took advantage of a group universal life insurance offer from my employer that didn't require any health questions.
- I got hit with a $5.95 fee from Wachovia for downloading with MS Money. I also contacted Wachovia about preventing the fee in the future.
- My 401(k) accounts are growing much faster than my cash. I also compared the 401(k) to all my taxable accounts.
- On a recent business trip to China I tested several methods for acquiring cash in China
- Life is crazy busy for me and I am trying to scratch off some major activities before my China assignment.
Additional Stock Investments May (Outside of 401k & ESPP):
- $25 in ConocoPhillips DRIP
- $100 in USG DRIP
- $250 in Vanguard Roth IRA
- $50 in Pfizer DRIP
You can see my previous monthly net worth updates here.
Comments (5)
2million, I was wondering- with the 0% APR credit card balance transfers- how long after you pay off the balances and restore your balance/credit limit ratio does it take for your credit scores to normalize?
Posted by alex | June 6, 2007 3:04 PM
18K! What's your secret? Credit card interest is only a fraction of that :)
Posted by Jonathan | June 8, 2007 12:27 AM
This month was primarily driven by the stock market. IBM stock jumped and added ~$4-5k to my gains.
Heck I averaged about a 3%+ return (for just the month of May along) in my Roth IRA, brokerage accounts, and stock retirement accts. That helped big time.
Posted by 2million | June 8, 2007 10:23 AM
Wow I thought my month was pretty good but this has been a crazy good month for you! Congratulations.
Posted by MoneyNing | June 9, 2007 11:53 PM
You are doing great. It is always nice to watch your networth going up each month. I will be rooting for you. I am also working hard to improve myself financially. I have set a goal to pay off $72,900 worth of debt by April 2009. You are a great inspiration. =)
www.MyDebtFreeGoal.com
Posted by Amy | June 11, 2007 6:06 PM