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Net Worth – Apr 2008 April 30, 2008

Posted by pf in Net Worth Update.
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My net worth in Sept 2007 was $555,433 and in Feb 2008 sat at $556,032 for a whopping gain of $599 (I guess I should be thankful it wasn’t negative?!). In March, we finally started to see some healthy movement to the upside. This month, the stock market followed it up with a strong showing that pushed my net worth to $598,677. I don’t know whether it will be short-lived, but a treat to see an increase two months in a row.

In general, April was another quiet month with no major purchases to speak of. However, I did complete my 2008 Roth IRA contributions (trying to buy while it was down…hopefully as low as we’ll see in 2008). Anyway, here is the breakdown:

Results at Networth IQ

NET WORTH FOR APRIL

2 Mo Ago Jan – 08 Last Month Mar – 08 This Month Apr – 08 Monthly Change Monthly Change %
Cash 130,899 152,888 144,405 -8,483 -5.55%
401(k)/IRAs 248,376 248,608 273,651 25,043 10.07%
Home 290,000 290,000 290,000 0 0.00%
Other Real Estate 130,000 130,000 130,000 0 0.00%
Total Assets 799,275 821,496 838,056 16,560 2.02%
Home Mortgage 124,439 123,675 122,909 -(766) -0.62%
Other Mortgage 107,373 107,054 106,716 -(338) -0.32%
Credit Card 11,431 13,280 9,754 -(3,526) -26.55%
Other 0 0 0 0 0.00%
Total Liabilities 243,243 244,009 239,379 -(4,630) -1.90%
NET WORTH 556,032 577,487 598,677 21,190 3.67%

APRIL HIGHLIGHTS

  • Stock market makes solid gains overall
  • Completed 2008 Roth IRA contributions
  • Fed cut once again at the end of the month…looks like they may pause for awhile. Those 5%+ CDs we opened just before the cuts began are looking better and better
  • Reduced credit card balances a bit. I know I had said we were back on the credit card arbitrage wagon. We still are, but I’ve not really ramped up new credit to take full advantage and paid some off to stay well within the limits (I don’t want to be guessing whether or not I’m close and get hit with some stupid charges that wipe out any benefits)
  • Did a tune-up on our monthly process of paying bills. A few loose ends to tie up, but much smoother

MAY PREVIEW

  • April results – may I order another please?
  • I’m still not sure about the exact timing, but expecting a one-time payment that all things being equal, should push us solidly into $600K net worth
  • Keep plugging along…
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Comments»

1. marcus anthony bynum - February 24, 2014

business from khaleej times is very costly where can you get the direct contact or leader to the subscriptions to paper …. the only thing i could think about is getting in contact with project on government oversight… is an organization that can help get through articles in multiple newspapers… now the khaleej times have a big business section that can help out this publication have some authors that can reach the khaleej times , but there is a production problem….by issac john.. nakheel repays dh2.35b to banks 18 months early the developer said the early repayment –part of dh2.35billion due to be repaid to banks in september 2015 – reflected the strong financial performance of the company post –restructuring….

2. marcus anthony bynum - February 25, 2014

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3. marcus anthony bynum - February 25, 2014

by participipating restaurants fromm dennys…signature diner roasts … know what goes great with blueberry pancake puppies? a delicious cup of our signature diner roast coffee, choose from mild, bold or decaf.. then sip and dip to your hearts content…i guess that dennys have good food…

4. marcus anthony bynum - February 25, 2014

dominos american legends philly cheese steak… maybe try dominos pasta.. chicken alfredo, or pasta primavera.. italian sausage- marinara.. stuffed cheesy bread 5.99.. boneless chicken 8 for $6.99 .. 14 for $ 10.99, 40 for $26.99… spice mix for butter chicken made in karachi pakistan… juicy chicken in rich tomato – butter sauce … imported by … gold coast… the spice mix about business permits – licenses… dominos american legend small pizza $10.99 medium $13.99 , large pizza $16.99…for your dining pleasure….spice by karachi pakistan , and is imported by gold coast.. dominos pizza by dominos ip holder…

5. marcus anthony bynum - February 25, 2014

you can also get the fried rice .. shrimp fried rice small 4.50 , medium 6.50 large 7.85 , beef fried rice small 4.50 medium 6.50 large 7.85or you can try the crab meat fried rice small 6.75 , medium 8.00 , large 11.35..by china inn deli carry out min , order $10.00 or more on delivery…in washington d.c serve delious chinese food…

6. marcus anthony bynum - February 25, 2014

washington d.c business is bus boys poets… founded in washington d.c


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