October Net Worth Update (+$28,454)

Assets Sep-10 Oct-10 Change %
Cash & Savings $ 28,530.58 $ 35,915.39 $ 7,384.81 25.88%
Taxable Brokerage Accts $ 122,411.79 $ 126,644.67 $ 4,232.88 3.46%
Roth IRAs $ 60,876.97 $ 63,616.09 $ 2,739.12 4.50%
Pre-tax Retirement Accts $ 232,153.99 $ 240,893.00 $ 8,739.01 3.76%
Stock Options $ 20,405.00 $ 25,135.00 $ 4,730.00 23.18%
ESPP $ 23,154.56 $ 17,007.48 $ (6,147.08) -26.55%
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 $ 1,075,757.89 $ 1,097,436.63 $ 21,678.74 2.02%
Liabilities
Credit Card Balances $ (3,045.72) $ (3,185.99) $ (140.27) 4.61%
House #1 Mortgages $ (113,620.04) $ (105,347.08) $ 8,272.96 -7.28%
House #2 Mortgages $ (10,475.75) $ (10,380.34) $ 95.41 -0.91%
House #4 Mortgages $ (256,000.00) $ (255,655.16) $ 344.84 -0.13%
Rental Deposits $ (4,697.72) $ (4,697.72) $ - 0.00%
Additional Tax Liability $ (7,753.90) $ (9,551.30) $ (1,797.40) 23.18%
Other Liabilities $ -
Total Liabilities $ (395,593.13) $ (388,817.59) $ 6,775.54 -1.71%
$2million Goal Progress* $ 636,164.76 $ 664,274.20 $ 28,109.44 4.42%
Net Worth $ 680,164.76 $ 708,619.04 $ 28,454.28 4.18%

Highlights for October

  • We use to take advantage of 0% APR balance transfers earning interest in my savings accounts, but that well has dried up for now. We are actively looking at taking advantage of new offers on 0% APR on purchases as an additional arbitrage opportunity.
  • We track our real estate properties according to our cost basis. For comparison purposes Zillow reports the estimated value of these properties in Oct to be: $201,500; $145,500; and $296,500 respectively.
  • Overall our holdings fared significantly worse than our benchmark. Our benchmark (VTI) gained 4.55% of its value in August vs 2.47% for our investments. Probably the worse month in recent history for us.The full details of our investments will be posted shortly.
  • My wife and I enjoyed our first cruise and felt it was a good value as I think we kept our expenses to a minimum.
  • Major purchases in October include primarily cruise expenses ($551.59) and improvements to our master bathroom ($376.10).
  • We sold an additional 50 shares of IBM stock as it has continued to hit new multi-year highs and we want to re-balance our portfolio. I'll plan on holding this primarily as cash until investment opportunities present themselves.

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)


Congrats on passing the 700K mark!! Not too far from 1 million!

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,701,144

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