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RSSNovember 2009 Net Worth Update (+$23,787)
November was a strong month due to strong market gains and the sale of my wife's townhouse.
|
Assets |
Oct-09 |
Nov-09 |
Change |
% |
|
Cash &
Savings |
$
9,487.98 |
$
15,680.50 |
$
6,192.52 |
65.27% |
|
Taxable
Brokerage Accts |
$
97,755.00 |
$
111,950.41 |
$
14,195.41 |
14.52% |
|
Roth IRAs |
$
43,705.85 |
$
48,369.57 |
$
4,663.72 |
10.67% |
|
Pre-tax
Retirement Accts |
$
188,972.59 |
$
193,704.25 |
$
4,731.66 |
2.50% |
|
Stock
Options |
$
21,808.00 |
$
26,400.00 |
$
4,592.00 |
21.06% |
|
ESPP |
$
20,446.62 |
$
21,291.82 |
$
845.20 |
4.13% |
|
House #1 -
Rental |
$
160,000.00 |
$
160,000.00 |
$ - |
0.00% |
|
House #2 -
Rental |
$
128,225.00 |
$
128,225.00 |
$ - |
0.00% |
|
House #3 -
Sold |
$
104,110.00 |
$ - |
$ (104,110.00) |
-100.00% |
|
House #4 -
Primary |
$
300,000.00 |
$
300,000.00 |
$ - |
0.00% |
|
Receivable
(Payable) |
$ - |
$ - |
$ - |
|
|
Other
Assets |
$ - |
$ - |
$ - |
|
|
Total Assets |
$ 1,074,511.04 |
$1,005,621.55 |
$
(68,889.49) |
-6.41% |
|
Liabilities |
|
|
|
|
|
Credit
Card Balances |
$
(1,977.99) |
$
(2,571.93) |
$
(593.94) |
30.03% |
|
House #1
Mortgages |
$
(135,345.94) |
$ (135,132.11) |
$
213.83 |
-0.16% |
|
House #2
Mortgages |
$
(32,244.93) |
$
(24,318.68) |
$
7,926.25 |
-24.58% |
|
House #3
Mortgages |
$
(86,875.95) |
$ - |
$
86,875.95 |
-100.00% |
|
House #4
Mortgages |
$
(238,882.55) |
$ (238,882.55) |
$ - |
0.00% |
|
Rental
Deposits |
$
(4,657.72) |
$
(4,657.72) |
$ - |
0.00% |
|
Additional
Tax Liability |
$
(8,287.04) |
$
(10,032.00) |
$
(1,744.96) |
21.06% |
|
Other
Liabilities |
|
|
$ - |
|
|
Total Liabilities |
$
(508,272.12) |
$ (415,594.99) |
$
92,677.13 |
-18.23% |
|
$2million Goal Progress* |
$
505,121.47 |
$
528,909.11 |
$
23,787.64 |
4.71% |
|
Net Worth |
$
566,238.92 |
$
590,026.56 |
$
23,787.64 |
4.20% |
Highlights for November
- 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).
- House #3 has been sold! Our net worth this month realized close to a $5k gain as a result of the sale. However, the net from the sale (after all expenses) is pretty much a wash.
- Our big investment for the month was an iRobot Roomba 530 to help with some of the house cleaning. We are finding her a big help so far and a quick payback in time saved from the $125 investment.
- From a cash flow perspective things are tight, but improving. Down to a single income with a bigger house and bigger family are making monthly expenses higher and there isn't a pile of cash left over at the end of the month. However, now that we have sold House #3 (townhouse) we should have more free cash at the end of each month going forward.
- November was a good month for our stock investments and we just barely beat our benchmark. I'll post our November investment update soon. We started several new stock holdings in our taxable brokerage accounts.
- With some of the cash from selling House #3 we put $7,000 towards our IELOC balance on House #2. Our current focus is to elimate this debt as quickly as possible to improve our cash flow. The remaining cash will be used to refund our emergency fund and some perhaps some stock investments if more opportunities presents themselves.
Related in Net Worth:
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December 2011 Net Worth Update (+$18,477) (Jan 04, 2012) Assets Nov-11 Dec-11 Change % Cash & Savings $ 22,960.53 $ 27,882.26 $ 4,921.73 21.44% Taxable Brokerage Accts $ 152,906.99 $ 158,906.63 $ 5,999.64 3.92% Roth IRAs $ 77,482.86 $ 82,652.93 $ 5,170.07 6.67% Pre-tax Retirement Accts $ 270,954.68...
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Comments (2)
Hi 2million,
Correct me if I'm wrong, but the sale of your house must not have totally been a wash as you say because all along you had a renter living there and paying the mortgage for you, correct? So even if the sale price of the house was a wash, you still must have made money as much of the mortgage was paid by your renter? Am I correct in saying this?
Posted by Steve | December 8, 2009 9:15 PM
Steve - no there were some extenuating circumstances with this house. We were living in it as our primary residence up until Dec 2008 when we bought our new house, then let family live in it until we sold it. It was never a rental property for us.
Posted by 2million | December 15, 2009 4:59 PM