orthokneepa's Net Worth for September 2017


Assets Value Change ($) Change (%)
Cash $32,202 $3,729 13.10%
Stocks $795,372 $2,253 0.28%
Bonds $27,245 $7,639 38.96%
Annuities $0 - -
Retirement $820,016 $13,847 1.72%
Home $688,450 $1,500 0.22%
Other Real Estate $0 - -
Cars $44,093 - -
Personal Property $24,500 - -
Other $19,600 - -
$2,451,478 $28,968 1.20%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $108,972 ($220) (0.20%)
Other Mortgage(s) $0 - -
Student Loans $18,522 ($131) (0.70%)
Credit Cards $0 - -
Car Loans $24,028 ($520) (2.12%)
Other $0 - -
Total Debts $151,522 ($871) (0.57%)
Net Worth $2,299,956 $29,839 1.31%
*All values shown in USD ($)
Notes:
Net worth reflects combined net worth of my wife and I. I have taken over more then half of the retirement accounts. A Long term holding has done really well so far this year as well as the stock market in general. Portfolio may see big jump this year with Fannie Mae stock I have been holding for years. Div payments final amount for 2016 15364, 2015, 14718, 2014 was 10,400, 2013 was $7600 Full year run rate is around 20824 now. June 2016 Update- I have taken control in nearly all accounts. We hopefully should see better returns now. Our avg age is 34 so we should be able to retire "early". Dollar amount under bonds is 529 plan and custodial acct balance for daughter. I will max out 529 plan in 2017 also. Real estate is single family home, should appreciate at 4% a year average for my area which is 1500 a month which I am going to restart. This may also be understated compared to comparable sales and work done to house. Zillow says house is worth 692,486 without addition. Price is realistic As comparison house next door with less upgrades sans patio sold for $655k and nearby house for sale for $779k. Mortgage has been refinanced for 120k at 3.5%. Happy with the interest we saved on the extra payments for 2 years and now have a mortgage payment less then 1/3 of my original payment. Interest outlay over 30 years comes out to a roughly 2500 a year average. Will be pennies relatively speaking towards the end of the loan. Saved about 175k by paying down mortgage aggressively. Car loans at 4.5% interest. Monthly payment will be negligible with our cash flow and interest paid will only be 35 dollars a month for my car so I may not be in a rush to pay it off. We will see how much it annoys me frankly. That will determine how fast I pay it off. Wife got a new car which reflect new car amounts and loan over time. It makes very little sense to me financially but I consider it the cost of doing business, ie being married. We have striven to have little debt and have more then 10x more assets then debt, and debt interest rates are at 1.6% for the student loans, 3.5% for mortgage and 3.99% for cars. Interest expense will be minimal as a result going forward allowing us to compound our money aggressively. We have taken full advantage of the low rate environment. Misc Asset is jewelry and is entered at appraised value. Personal property is furniture, art, tangible stuffs, etc in house. This is carried at nearly 1/3 or 1/4 of price paid. Now 36, wife 34' net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this. Goal HAS BEEN MET FOR 1 million net worth by the end of 2012 one month early. New goal of 1.25 million by the end of 2013 also met. Then tried for 1.35 for end of 2013 which we met. Goal for end of 2014 will be 1.5 million which has been met also. Goal for end of 2015 of 1.75 million was met 3 times throughout the year. Goal for end of 2016 of 2 million was made right in the nick of time. Goal for end of 2017 will be 2.25 million A big part of our success has been due to very little debt with a heavy amount of high quality assets. We are very equity heavy, holding no bonds. I look for stocks with very little debt, growing EPS, large cash flows, and increasing dividend. Carry on.....

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