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Net Worth – Jan 2008 January 31, 2008

Posted by pf in Net Worth Update.
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Welcome to the first net worth update of 2008. It is no surprise to anyone that the new year has not gotten off to a good start. Amazingly, it was only 2 short months ago that my equities portfolio hit a high of ~$252,000. Fast forward to now and we sit at ~$241,000…and that includes both the additional investment I made (couple of thousand) and the recent gains over the last few days (several more thousand).

However, I’m not overly pessimistic…yet. I have created a couple of CDs that will yield over 5% for the next 12 months, and with any luck, likely to get some additional cash infusions in the coming months (tax return, bonus, etc). Also, I found myself with a little additional cash this month which softened the blow a bit with a decrease in my net worth of only -$3327.

Jan 2008 net worth on networthiq

Alright, let’s break it down:

NET WORTH FOR JANUARY 2008

2 Mo Ago Nov – 07 Last Month Dec – 07 This Month Jan – 08 Monthly Change Monthly Change %
Cash $ 126,076 $ 125,954 $ 132,594 6,640 5.27%
401(k)/IRAs $ 252,050 $ 250,650 $ 240,864 -9,786 -3.90%
Home $ 290,000 $ 290,000 $ 290,000 0 0.00%
Other Real Estate $ 130,000 $ 130,000 $ 130,000 0 0.00%
Total Assets $ 798,126 $ 796,604 $ 793,458 -3,146 -0.39%
Home Mortgage $ 126,709 $ 125,957 $ 125,200 -(757) -0.60%
Other Mortgage $ 108,267 $ 108,006 $ 107,656 -(350) -0.32%
Credit Card $ 6,121 $ 3,702 $ 4,990 (1,288) 34.79%
Other $ 0 $ 0 $ 0 0 0.00%
Total Liabilities $ 241,097 $ 237,665 $ 237,846 (181) 0.08%
NET WORTH $ 557,029 558,939 $ 555,612 -3,327 -0.60%
Net Worth: How Am I Doing?

JANUARY HIGHLIGHTS

  • Stock market in the tank…down about $9800. Ouch!
  • Christmas spending comes to roost…credit card balance increased by ~40%! Ack!
  • Cash up quite a bit due to an unexpected boost. However, it will be short lived as I also have some upcoming expenses that will bite into it.

FEBRUARY PREVIEW

  • Things should now be back to “normal”
  • File tax return
  • Watching for opportunities in the soft market (mortgage refinance, stock market, etc)
  • Stay with plan to reduce entertainment expenses
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Comments»

1. Ryugyong Hotel « My Personal Finance Odyssey - February 1, 2008

[…] Net Worth – Jan 2008 There is also a bizarre website ryugyong.org where you can view 3-D versions of the building and stake your own “claim” to sections of it. I take some small comfort in knowing that despite our own government waste, we are not the “top of the pyramid” (pun intended). […]


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