Net Worth – Dec 2007 January 1, 2008Posted by pf in Net Worth Update.
Well, the stock market continues its roller coaster ride and so does my portfolio. Although I would love to see trajectory of my net worth on NetworthIQ only go one way (up!), I feel good that my equities are diversified and we also have a healthy amount of cash.
Although it won’t be reflected until next month’s update, I know that we spent quite a bit in the month of December. As I had mentioned in my earlier posts, I’m not particularly concerned…but I would not want to make it a habit.
As I look back over the last year, I would like to consider it a decent one as we increased our net worth by almost 16% since February (when I started keeping track). A repeat performance in 2008 would put us at almost $650K…I would take that. Obviously, there are a lot of factors involved and we’ve got a long way to go, but I remain optimistic about the prospects.
Staying in the present, however, we netted a gain of $1910 this month despite the stock market. It’s a great feeling to know that each month I can count on starting out with a positive gain of $1000 based upon the reduction of my mortgage debt alone.
Anyway, here’s the breakdown:
NET WORTH FOR DECEMBER
|2 Mo Ago Oct – 07||Last Month Nov – 07||This Month Dec – 07||Monthly Change||Monthly Change %|
|Cash||$ 125,708||$ 126,076||$ 125,954||-122||-0.10%|
|401(k)/IRAs||$ 258,714||$ 252,050||$ 250,650||-1,400||-0.56%|
|Home||$ 290,000||$ 290,000||$ 290,000||0||0.00%|
|Other Real Estate||$ 130,000||$ 130,000||$ 130,000||0||0.00%|
|Total Assets||$ 804,422||$ 798,126||$ 796,604||-1,522||-0.19%|
|Home Mortgage||$ 127,463||$ 126,709||$ 125,957||-(752)||-0.59%|
|Other Mortgage||$ 108,545||$ 108,267||$ 108,006||-(261)||-0.24%|
|Credit Card||$ 4,395||$ 6,121||$ 3,702||-(2,419)||-39.52%|
|Other||$ 0||$ 0||$ 0||0||0.00%|
|Total Liabilities||$ 240,403||$ 241,097||$ 237,665||-(3,432)||-1.42%|
|NET WORTH||$ 564,019||$ 557,029||558,939||1,910||0.34%|
A lot of holiday expenses…will be rolling through in January
Interest rates continue to go down…fortunately, I have locked up $60K in a CD @ 5.65%
You might notice (or not) that I have made a small change to the graphic above. Previously, I was splitting out Roth vs. Non-Roth investments. Honestly, it became a pain to do the calculations each month and so I am now combining them. I figured it wasn’t adding much value from an information standpoint, anyway.
Dealing with the financial hangover from the holiday spending
Getting back to “normal”
Plan to reduce expenses related to entertainment (ex: dining out)
Reassessing our portfolio allocations for 2008
Tidying up our financial house – we have some unused accounts that remain open and credit cards that we no longer use that need to be discarded, etc (although I won’t close the accounts). I just need to clean things up a bit.