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.
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?
Posted by DoneToZen | July 9, 2009 5:45 PM
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.
Posted by 2million | July 9, 2009 6:25 PM
Do you have any Term Insurance policies? I see that you do not include their surrender value here.
Posted by Anonymous | July 9, 2009 11:17 PM
For the change column, I thought it's supposed to be Assets - Liabilities = Net Worth? so maybe $9K instead of $17K ?
Posted by Hertanto Lie | July 10, 2009 5:08 PM
My bad. Forget about my comment. I didn't see it doesn't have a ()
Posted by Hertanto Lie | July 10, 2009 5:10 PM
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.
Posted by 2million | July 21, 2009 9:41 PM