May 2012 Net Worth Update (-$28,098)




Highlights for May

  • 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.
  • 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. For those interested our June Zillow property estimates are: $198,800; $131,000; $280,300; and $224,900
  • We continue to focus our free cash flow in 2 areas: rebuilding our cash position and paying off rental #1 primary mortgage to improve our monthly cash flow.
  • May was a scary month as our investment portfolio took a nose dive. I'll post additional details of our investment activities in May later this month.
  • Posting has been light as I've been working at times 24x7 for my employer, and my wife has been carrying a heavy load keeping up our household. It's been draining, but I hope to begin catching up on things once we get through the rest of June.
  • We started to work on refinancing our latest investment property with a no closing cost loan to shave 0.5% off our interest rate.

Related in Net Worth Archive:

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 (2)


How dare real life get in the way. :) Keep up the good luck and I look forward to following your progress for years to come!

How's the pregnancy going? We just had a baby and I celebrated my first Father's Day! I'm now trying to find a college fund to save for his college. Just not sure, just not sure which investment vehicle is correct.

Post a comment

(Comment moderation enabled.)

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

Sponsors

New Personal Finance Articles




PF Blogs