February 2012 Net Worth Update (+$23,526)

Assets

Jan-12

Feb-12

Change

%

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

$ -

$ -

$ -

ESPP

$ 1,097.09

$ 1,097.09

$ -

0.00%

Property #1 - Rental

$ 160,000.00

$ 160,000.00

$ -

0.00%

Property #2 - Rental

$ 128,225.00

$ 128,225.00

$ -

0.00%

Property #3 - Primary

$ 300,000.00

$ 300,000.00

$ -

0.00%

Property #4 - Rental

$ 163,000.00

$ 163,000.00

$ -

Receivable (Payable)

$ -

$ -

$ -

Other Assets

$ -

$ -

$ -

Total Assets

$ 1,319,230.44

$ 1,342,006.08

$ 22,775.64

1.73%

Liabilities

Credit Card Balances

$ (1,831.02)

$ (2,158.45)

$ (327.43)

17.88%

House #1 Mortgages

$ (75,944.62)

$ (75,434.62)

$ 510.00

-0.67%

House #2 Mortgages

$ (8,181.65)

$ (8,103.18)

$ 78.47

-0.96%

House #3 Mortgages

$ (250,329.16)

$ (249,989.12)

$ 340.04

-0.14%

House #4 Mortgages

$ (121,658.78)

$ (121,509.43)

$ 149.35

-0.12%

Rental Deposits

$ (5,902.72)

$ (5,902.72)

$ -

0.00%

Additional Tax Liability

$ -

$ -

$ -

Other Liabilities

$ -

Total Liabilities

$ (463,847.95)

$ (463,097.52)

$ 750.43

-0.16%

$2million Goal Progress*

$ 805,711.65

$ 828,897.68

$ 23,186.03

2.88%

Net Worth

$ 855,382.49

$ 878,908.56

$ 23,526.07

2.75%

Highlights for February
  • We 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 in the process of earning ~$1,000 on 2 new Chase Ink credit cards (one for my wife and 1 for me) after we spend each spend $3,000 in 3 months. We are using Amazon Payments to maximize our credit card spend to qualify for these offers.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. I believe real estate is too illiquid to list based on recent sale transactions.
  • I now feel compelled to build cash. Our cash position/emergency fund feels inadequate especially give the recent layoff news at my employer.
  • February was a strong month for us driven primarily by stock market gains. Our taxable investments did slightly better than our benchmark (VTI) in February. I'll post additional details of our investment activities in February later this month.
  • I finally did an analysis of our investment portfolio returns over the last 3 years and found our annual returns trailed our benchmark by ~.5% per year. There has been a lot of feedback about how we should manage our portfolio going forward.

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 (7)


seems to be an error in the spreadsheet, both columns begin 'jan 12'

Thanks - fixed!

Hey 2M,

Despite the market being up this year, do you think the recent market run-up has to do with fundamentals or this rally is all smoke and mirrors. I can't possibly believe things are getting better for average Americans. All I see is constant job cutting/wage reductions. Only jobs being created are low paying jobs. What's your take?

@ Abe I have to say that the job market is on the up swing and things seem to getting better the bad economy can last for ever it never has in the past you have to keep a positive outlook.

Hi 2M - Congrats on your net worth. For only being 35 yrs old you are doing very well. I'm a year older and closer to $500K. I also took 4 years off from the steady income of Corporate America, to take my shot at the big payout of a start-up. It didn't work out as planned, so I'm back with the mother-ship trying to build back up the retirement portfolio.

You may have answered this in a previous post, but are you including your children's 529 plans in your own Net Worth statement?

DC,
Thanks for the comment - no we currently do not include 529 plans in our net worth. That may change at some point, but currently don't see a benefit to including them.

I think your estimate property values are very inflated. Everyone else has lost 30%+ yet you have not.

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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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