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Net Worth – July 2007 August 3, 2007

Posted by pf in Net Worth Update.
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The pain continues as the stock market falls.  As of today, it dropped yet another ~280 points.  I have mixed emotions in that I’m very interested to see the “Sell in May” phenomena at work while a bit downtrodden about my losses (although less than they would have been had I not taken some action).  As I had mentioned in my recent post, had I a bit more courage, I would have fared a bit better. 

While my recent financial hits from the market are readily explained, what is a bit more puzzling are the recent drains on my cash accounts, running about $2000 or so for the last couple of months.   No doubt some of it has to do with paying off the credit card.  I will be monitoring it a bit closer this month and see what transpires.

At the end of the day, our net worth has decreased for the second month in a row by ($4700).  The market alone accounts for ~($5806) with offsets from debt reduction.   

 Let’s break it down:

NET WORTH FOR JULY

2 Mo Ago May – 07 Last Month Jun – 07 This Month Jul – 07 Monthly Change Monthly Change %
Cash 127,274 125,039 123,267 -1,772 -1.42%
401(k)/IRA 210,268 209,344 203,820 -5,524 -2.64%
Roth IRA 33,309 33,679 33,397 -282 -0.84%
Home 290,000 290,000 290,000 0 0.00%
Other Real Estate 130,000 130,000 130,000 0 0.00%
Total Assets 790,851 788,062 780,484 -7,578 -0.96%
Home Mortgage 131,178 130,441 129,701 -(740) -0.57%
Other Mortgage 109,912 109,711 109,387 -(324) -0.30%
Credit Card 4,325 5,249 3,435 -(1,814) -34.56%
Other 0 0 0 0 0.00%
Total Liabilities 245,415 245,401 242,523 -(2,878) -1.17%
NET WORTH 545,436 542,661 537,961 -4,700 -0.87%

JULY HIGHLIGHTS

  • Stock market – duh
  • Purchased new computer monitor ~($300)
  • Otherwise, nothing all that exciting.  The stock market is…the market. 

 AUGUST PREVIEW

  • No big expenditures planned
  • Still need to do something about life insurance coverage…will raise the priority on this one
  • More closely monitor expenses to make sure we haven’t “sprung any leaks” I’m not fully aware of / paying attention to

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