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Net Worth – Dec 2007 January 1, 2008

Posted by pf in Net Worth Update.
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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%

DECEMBER HIGHLIGHTS

  • 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.

JANUARY PREVIEW

  • 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.

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