June 2009 Net Worth Update (+$17,561.91)

Assets

May-09

Jun-09

Change

%

Cash & Savings

$ 39,098.57

$ 38,322.96

$ (775.61)

-1.98%

Taxable Brokerage Accts

$ 70,396.82

$ 74,502.17

$ 4,105.35

5.83%

Roth IRAs

$ 40,331.92

$ 41,212.77

$ 880.85

2.18%

Pre-tax Retirement Accts

$ 144,495.48

$ 153,177.34

$ 8,681.86

6.01%

Stock Options

$ 10,344.00

$ 10,920.00

$ 576.00

5.57%

ESPP

$ 28,922.23

$ 29,188.16

$ 265.93

0.92%

House #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

0.00%

House #2 - Rental

$ 128,225.00

$ 128,225.00

$ -

0.00%

House #3 - ???

$ 106,510.00

$ 105,910.00

$ (600.00)

-0.56%

House #4 - Primary

$ 300,000.00

$ 300,000.00

$ -

0.00%

Receivable (Payable)

$ -

$ -

$ -

 

Other Assets

$ -

$ -

$ -

 

Total Assets

$ 1,028,324.02

$1,041,458.40

$ 13,134.38

1.28%

Liabilities

 

 

 

 

Credit Card Balances

$ (2,258.85)

$ (1,963.73)

$ 295.12

-13.07%

House #1 Mortgages

$ (113,930.23)

$ (114,715.46)

$ (785.23)

0.69%

House #2 Mortgages

$ (96,761.16)

$ (90,161.16)

$ 6,600.00

-6.82%

House #3 Mortgages

$ (87,885.60)

$ (87,885.60)

$ -

0.00%

House #4 Mortgages

$ (240,102.56)

$ (240,102.56)

$ -

0.00%

Rental Deposits

$ (4,135.23)

$ (5,610.23)

$ (1,475.00)

35.67%

Additional Tax Liability

$ (3,723.84)

$ (3,931.20)

$ (207.36)

 

Other Liabilities

 

 

$ -

 

Total Liabilities

$ (548,797.47)

$ (544,369.94)

$ 4,427.53

-0.81%

$2million Goal Progress*

$ 419,629.11

$ 437,191.02

$ 17,561.91

4.19%

Net Worth

$ 479,526.55

$ 497,088.46

$ 17,561.91

3.66%

Highlights for June


  • All credit card debt (except current month's purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts. We paid off the last of our 0% balance transfers in January. The well has dried up for now, but we are ready to take advantages if any offers come our way.

  • We track our real estate properties according to our cost basis (with the exception of House #3 which we may be selling soon).

  • I am scratching my head a bit about the gains shown here for the month of June. My 401k gains doesn't correlate with that is being shown on my online satement form the 401k company. I can only offer that for some reason MS money must have had a lower value at the end of May for my 401k/investments. The end of June valuation appears correct, but the gains seem higher than expected.

  • We made a $6,600 principal payment on a rental property (Rental #2). As I have previously mentioned this mortgage is the primary focus of any debt repayment of our since its the highest interest rate debt we have at 6.5%. We will likely alternate between paying down this debt and making additional investments with cash flow as investment opportunities warrant.
  • Im considering refi the mortgage on the Rental #2 from the 6.5% 30yr fixed to a shorter term variable equity line. I forsee us paying this debt down substantially in the next 5-7 years and see that as an opportunity to focus our monthly payments on princial payments rather than interest payments.
  • At the very end of June we picked up another 5 shares of Fairfax Financial when the price dipped down. The more research I do about this company the more I love it. Why couldn't I have found this business 5 years ago? Its a mini-Berkshire selling at below book value.
  • I also signed a lease on Rental #1 this month and was able to collect a security deposit so cash is up more than normal, but its offset with the Rental deposit liability adjustment.
  • Our 8 week old baby is completely consuming us - posting will remain lighter than usual until I get to sleeping a bit more.

  • Investments were pretty flat for June - but still in positive territory.

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...

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 (6)


How is that your primary mortgage did not go down a single dollar? Aren't you in a 30-year fixed non-interest-only mortgage?

Thats a good point. The mortgage payments usually run a month ahead - ie so I typically record the July 1 due date payment on June 29/30th. For some reason the auto drafts were running late this month so I didn't include them for any of the mortgages - normally these would knock out nearly $4k in cash for the 4 payments. Another reason why this month looks good.

Do you have any Term Insurance policies? I see that you do not include their surrender value here.

For the change column, I thought it's supposed to be Assets - Liabilities = Net Worth? so maybe $9K instead of $17K ?

My bad. Forget about my comment. I didn't see it doesn't have a ()

Anon - No life insurnace policies with a surrender value - I have some life insurance policies through work, and we are overdue for a review of our life insurance needs with the baby here.

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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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