Twitter
Email
RSSFebruary 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.
by 2million on
03/05/11
| Comments (3)
Related in Net Worth:
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...
February 2012 Net Worth Update (+$23,526) (Mar 08, 2012) AssetsJan-12Feb-12Change%Cash & Savings $ 27,618.74 $ 29,545.33 $ 1,926.59 6.98%Taxable Brokerage Accts $ 164,890.42 $ 170,312.04 $ 5,421.62 3.29%Roth IRAs $ 86,835.15 $ 90,658.28 $ 3,823.13 4.40%Pre-tax Retirement Accts $ 287,564.04 $ 299,168.34 $ 11,604.30 4.04%Stock Options $ - $...
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