July 2010 Net Worth Update (+$30,725)

Wow - July turned into a great month thanks to gains in the stock market.

Assets	Jun-10	Jul-10	Change	%
Cash & Savings	$ 28,864.92	$ 28,542.92	$ (322.00)	-1.12%
Taxable Brokerage Accts	$ 111,904.54	$ 119,196.90	$ 7,292.36	6.52%
Roth IRAs	$ 52,203.53	$ 56,602.49	$ 4,398.96	8.43%
Pre-tax Retirement Accts	$ 201,972.24	$ 217,918.41	$ 15,946.17	7.90%
Stock Options	$ 22,824.00	$ 24,120.00	$ 1,296.00	5.68%
ESPP	$ 20,802.23	$ 21,457.82	$ 655.59	3.15%
House #1 - Rental	$ 160,000.00	$ 160,000.00	$ -	0.00%
House #2 - Rental	$ 128,225.00	$ 128,225.00	$ -	0.00%
House #4 - Primary	$ 300,000.00	$ 300,000.00	$ -	0.00%
Receivable (Payable)	$ -	$ -	$ -
Other Assets	$ -	$ -	$ -
Total Assets	$ 1,026,796.46	$ 1,056,063.54	$ 29,267.08	2.85%
Liabilities
Credit Card Balances	$ (2,338.60)	$ (3,675.48)	$ (1,336.88)	57.17%
House #1 Mortgages	$ (131,348.08)	$ (129,501.49)	$ 1,846.59	-1.41%
House #2 Mortgages	$ (9,651.10)	$ (9,479.35)	$ 171.75	-1.78%
House #4 Mortgages	$ (236,044.28)	$ (235,674.64)	$ 369.64	-0.16%
Rental Deposits	$ (5,597.72)	$ (4,697.72)	$ 900.00	-16.08%
Additional Tax Liability	$ (8,673.12)	$ (9,165.60)	$ (492.48)	5.68%
Other Liabilities			$ -
Total Liabilities	$ (393,652.90)	$ (392,194.28)	$ 1,458.62	-0.37%
$2million Goal Progress*	$ 569,187.84	$ 599,543.90	$ 30,356.06	5.33%
Net Worth	$ 633,143.56	$ 663,869.26	$ 30,725.70	4.85%

Highlights for July

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 2009. The well has dried up for now, but we are ready to take advantages if any offers come our way.
We are taking advantage of a Discover card promotion to earn a $500 bonus by spending $2k a month on our card through October. While our normal month-to-month spending is about ~$1,500 on credit cards we are accelerating some planned purchases to hit the monthly clip level.
We track our real estate properties according to our cost basis.
Overall our holdings fared very poorly against our benchmark. Our benchmark (VTI) gained 7.02% of its value in July vs 6.17% for our investments. The full details of our investments will be posted shortly.
Major purchases in July included a new stove for a rental ~$350, a new dresser from IKEA ~$330, and an appraisal for a refinance ~$390.
July has been a hectic month with re-rent activities for Rental #1 in full swing and looking at refinance opportunities as rates have fallen. I'll post more on these activities shortly.

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 (1)

2million, you have 40-50% of your total net worth invested in stocks/mutual funds. In contrast, I am the same age as you and am 20% invested. Which is a better allocation? I'm very conservative by nature and don't think I could stomach losing $30K in any given month and the extreme volatility of the market. How do you keep your sanity with such huge monthly swings in your net worth? I debate whether to allocate more of my money into the stock market though I'm a bit scared, especially now with all this economic craziness!

Posted by Steve | August 6, 2010 4:30 PM