February 2011 Net Worth Update (+$13,882)

Assets	Jan-11	Feb-11	Change	%
Cash & Savings	$ 50,791.30	$ 50,072.99	$ (718.31)	-1.41%
Taxable Brokerage Accts	$ 135,342.73	$ 139,829.86	$ 4,487.13	3.32%
Roth IRAs	$ 71,562.11	$ 73,209.24	$ 1,647.13	2.30%
Pre-tax Retirement Accts	$ 261,926.33	$ 268,099.84	$ 6,173.51	2.36%
Stock Options	$ 13,734.00	$ 13,710.00	$ (24.00)	-0.17%
ESPP	$ 19,217.60	$ 19,679.91	$ 462.31	2.41%
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	$ 1,140,799.07	$ 1,152,826.84	$ 12,027.77	1.05%
Liabilities
Credit Card Balances	$ (2,353.62)	$ (3,490.30)	$ (1,136.68)	48.29%
House #1 Mortgages	$ (96,038.48)	$ (94,586.28)	$ 1,452.20	-1.51%
House #2 Mortgages	$ (10,189.74)	$ (9,009.94)	$ 1,179.80	-11.58%
House #4 Mortgages	$ (254,613.09)	$ (254,263.20)	$ 349.89	-0.14%
Rental Deposits	$ (4,697.72)	$ (4,697.72)	$ -	0.00%
Additional Tax Liability	$ (5,218.92)	$ (5,209.80)	$ 9.12	-0.17%
Other Liabilities			$ -
Total Liabilities	$ (373,111.57)	$ (371,257.24)	$ 1,854.33	-0.50%
$2million Goal Progress*	$ 722,300.59	$ 735,832.80	$ 13,532.21	1.87%
Net Worth	$ 767,687.50	$ 781,569.60	$ 13,882.10	1.81%

Highlights for February

We like 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.
February was another positive month for us driven primarily by stock market gains.
We put an additional $1,500 toward rental mortgage debt paydown. I strugglea bit with paying this debt down too quickly, but I believe we will be in a better cash flow position once we eliminate some of this debt.
Our refrigerator died this month and we ended up upgrading to a new stainless steel french door refrigerator. It was a difficult upgrade for me to make as it was more than we really needed, but I take comfort in the deal we got and my happy wife.
Our benchmark (VTI) significantly beat our investment portfolio in February (3.27% vs 2.57%). We were hurt by our strong exposure to financials (UBSH, GNW, RDN, KBE) and Fairfax Financial. I'll post additional details of our investment activities in February later this month.
My view on the stock market has become increasing more pessimistic as I feel the market is a bit overvalued and prefer to focus on debt repayment and building cash at the moment.

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 (3)

Why not pay off rental #2? Would that not significantly free up cash flow?

Posted by Seth | March 7, 2011 9:14 PM

Seth, No the debt on #2 is just an equity line - the monthly payment is very small, but it would help a little. My main focus is the fixed debt on 30yr amortization on #1.

Posted by 2million | March 9, 2011 12:09 PM

Are the rentals placed inside of an LLC or do you have other protections in place? Thx.

Posted by Neil | March 10, 2011 10:10 AM