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RSSJune 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.
by 2million on
07/08/11
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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?
Posted by JD | July 19, 2011 3:24 PM