Net Worth – Feb 2008 March 2, 2008Posted by pf in Net Worth Update.
Tags: average net worth, CD, certificate of deposit, Credit Card, debt, february, net worth, stock market, what should my net worth be
Yesterday, before the markets closed, I thought I would have a pretty good story for the month. 300+ points down and thousands of dollars in paper losses later…no quite so much. For the most part, the month had been decent as we made up some of the ground lost in January. The Fed rate cuts plus the Stimulus Package, seemed to calm things down a bit. Of course, we’re hardly out of the woods yet and volatility appears here to stay for now.
As far as our financial results go, it was a fairly mundane February, with very notable exception that we had a lot of credit card debt come to roost from some recent expenditures including a vacation. Compounding this (at least on the surface) is that we are back into credit card arbitrage again. Ultimately, I’m not that worried, but it doesn’t look great on paper.
As I mentioned during the last update, I remain optimistic about the next couple of months as we should be receiving a boost from our tax return, tax rebate (stimulus package), work bonus, etc. With any luck, it might turn out a little bit like last year, which you can see on my Feb 2008 net worth on networthiq.
Anyway, let’s do the usual and break it down:
|2 Mo Ago Dec – 07||Last Month Jan – 08||This Month Feb – 08||Monthly Change||Monthly Change %|
|Other Real Estate||130,000||130,000||130,000||0||0.00%|
- Modified my Portfolio Allocation
- Contributed a lump sum of $5,000 to Roth IRAs
- Stock market volatility continues
- Credit card arbitrage back in effect – need to make sure there are cash offsets!
- Taxes will be completed
- Work bonus should be received
- Continue to be mindful of entertainment expenses