June 2011 Net Worth Update (-$2,605)

Assets May-11 Jun-11 Change %
Cash & Savings $ 55,373.16 $ 52,372.85 $ (3,000.31) -5.42%
Taxable Brokerage Accts $ 167,512.80 $ 168,937.06 $ 1,424.26 0.85%
Roth IRAs $ 79,451.38 $ 78,182.70 $ (1,268.68) -1.60%
Pre-tax Retirement Accts $ 284,815.01 $ 280,705.84 $ (4,109.17) -1.44%
Stock Options $ - $ - $ -
ESPP $ 922.87 $ 922.87 $ - 0.00%
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 $ 1,176,300.22 $ 1,169,346.32 $ (6,953.90) -0.59%
Liabilities
Credit Card Balances $ (5,643.54) $ (3,438.56) $ 2,204.98 -39.07%
House #1 Mortgages $ (91,907.42) $ (90,192.30) $ 1,715.12 -1.87%
House #2 Mortgages $ (7,524.96) $ (7,451.25) $ 73.71 -0.98%
House #4 Mortgages $ (253,205.85) $ (252,850.83) $ 355.02 -0.14%
Rental Deposits $ (4,697.72) $ (4,697.72) $ - 0.00%
Additional Tax Liability $ - $ - $ -
Other Liabilities $ -
Total Liabilities $ (362,979.49) $ (358,630.66) $ 4,348.83 -1.20%
$2million Goal Progress* $ 766,526.58 $ 763,566.49 $ (2,960.09) -0.39%
Net Worth $ 813,320.73 $ 810,715.66 $ (2,605.07) -0.32%

Highlights for June
  • 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.
  • June marked the first significantly negative net worth monthly change since Sept 2010. Our losses are mostly associated with equity declines.
  • My wife and I have been scratching the travel itch as we started kicking around long term plans of taking a mini-retirement. We ended up deciding to plan an extended trip later this year that includes a transatlantic cruise.
  • We took advantage of an airline credit card promotion to earn miles to pay for the flights for our extended trip. We used a couple techniques including purchasing Amex gift cards and Amazon Payments to hit the required spend to maximize the miles promotion.
  • I spent the majority of June back in China on a business trip.
  • Our investment portfolio did slighlty better compared to our benchmark (VTI) in June (-1.70% vs -1.81%). I'll post additional details of our investment activities in June later this month.

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)


Hey 2mill-

I found your blog not too long ago and have been reading (a bit haphazardly) through it. I'm curious what you plan to do at the age of 45~ if a significant % of your wealth is tied up in 401K's that you cant touch without penalty until you are 59?

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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: $1,574,185

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