March Net Worth Update (+$10,605)

The markets were all over the place again this month. My losses this month are masked by additional invesments in most of my equity categories. However, I have a new spreadsheet I am going to post shortly that should give a much clearer breakdown of our investments than I have typically provided in the past -- look for it in the next few days.

Assets

Feb-08

Mar-08

Change

%

Cash & Savings

$ 91,036.00

$ 89,820.98

$ (1,215.02)

-1.33%

Taxable Brokerage Accts

$ 74,083.39

$ 74,725.49

$ 642.10

0.87%

Roth IRAs

$ 38,738.61

$ 38,687.73

$ (50.88)

-0.13%

Pre-tax Retirement Accts

$ 155,433.05

$ 156,118.06

$ 685.01

0.44%

Stock Options

$ 16,408.00

$ 17,432.00

$ 1,024.00

6.24%

ESPP

$ 37,255.38

$ 38,337.02

$ 1,081.64

2.90%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

 

House #2 - Rental

$ 128,225.00

$ 128,225.00

$ -

 

House #3 - Primary

$ 116,500.00

$ 116,500.00

$ -

 

Receivable (Payable)

$ 1,009.57

$ -

$ (1,009.57)

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 818,689.00

$ 819,846.28

$ 1,157.28

0.14%

Liabilities

 

 

 

 

Credit Card Balances

$ (15,449.59)

$ (15,643.46)

$ (193.87)

1.25%

House #1 Mortgages

$ (114,224.26)

$ (114,224.26)

$ -

0.00%

House #2 Mortgages

$ (101,930.68)

$ (101,930.68)

$ -

0.00%

House #3 Mortgages

$ (108,916.39)

$ (98,916.39)

$ 10,000.00

-9.18%

Rental Deposits

$ (6,447.00)

$ (6,447.00)

$ -

0.00%

Additional Tax Liability

$ (5,742.80)

$ (6,101.20)

$ (358.40)

6.24%

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (352,710.72)

$ (343,262.99)

$ 9,447.73

-2.68%

$2million Goal Progress*

$ 458,394.67

$ 458,999.68

$ 605.01

0.13%

Net Worth

$ 465,978.28

$ 476,583.29

$ 10,605.01

2.28%


Highlights for March

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

  • $25 in ConocoPhillips DRIP
  • $400 in my Vanguard Roth IRA
  • $650 in my wife's T Rowe Price Roth IRA
  • $50 in Pfizer DRIP
  • $2162.50 in Wachovia via Vanguard Brokerage
  • $650 in Vanguard Total Stock Market Index ETF via Vanguard Brokerage

You can see my previous monthly net worth updates here.

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...

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Comments (8)


How is it that the 10k paydown on the mortgage does not show in the assets as a -10k? Wouldn't this have come out of cash?

Also, what are your thoughts on the start of 2Q in the markets? Are you reinvesting differently in any of your portfolios?

Have fun in Singapore--I just got back and had a great time. Things I enjoyed:
- visiting the many hawkers markets
- China town (although that might be a little old for you by now!)
- Botanic Gardens
- Little India
- Singapore Night Safari

The "Singapore Sling" at Raffles Hotel was way overrated, way too expensive (this is coming from a guy who doesn't wince at a $12 martini), and the service was atrocious. However! The hotel is great, so it's worth a tour.

The $10k came out of cash savings so there was was dip this month. You could read this to mean we were able to add $8,800 in cash savings this month to offset the $10k mortgage prepayment

SA,
Thanks for the Signapore tips -- appreciate the mention on the "Signapore Sling" my wife mentioned the other day that we HAD to go see what the hype was about -- hoping I can convince her to skip it.

Thats some pretty detailed stuff. Motivates me to want to sit down and get my finances in better order.

I'll reiterate the question others have asked in other posts - why do you hold so many individual securities? Any why do you continue to buy more of them?

Peter,
Not sure I have a great answer for you, but see my march investement report. I am starting to track my investments against an index benchmark.

2million,

I guess I was just curious what your strategy is? Do you really think you're able to beat an index? If so, I think you're putting in the benchmark/tracking in place to find out which is good. Even for those folks that can be the market by choosing individual stocks, at what price (in terms of your time and energy)?

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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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