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RSSJuly 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:
2011 Net Worth Review (Jan 05, 2012) Its been a awhile since I posted an updated chart of our net worth growth. Here a net worth growth update including all of 2011: Progress continues to be made, but the better part of 2011 appears to be a...
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...
November 2011 Net Worth Update (-$12,639) (Dec 12, 2011) It was no surprise that there was some pullback in our net worth value after a record setting gain in our October net worth. Assets Oct-11 Nov-11 Change % Cash & Savings $ 22,483.16 $ 22,960.53 $ 477.37 2.12% Taxable...
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