It’s been another wild month in the stock market. Thankfully, our value/dividend-heavy portfolio has weathered the storm pretty well—down 6.4% for the year versus about 8% for the S&P 500.
In other news, we sold our existing home for more than 5% over the asking price in just a few days (hence the change in value). That sale has not closed yet but it's a slam dunk; the buyers are awesome and they're clearly excited. I'm going to miss that home, but we also simultaneously purchased a new home and, like everyone else buying right now, we overpaid for that too. The good news is it's half the size of our prior home and otherwise will be substantially less upkeep (e.g., no more massive yard to care for and water).
I’m also adjusting the value of the "business” as it’s now clear that previously I’d meaningfully undervalued the after-tax proceeds from the liquidation, which should be substantially complete by the end of this quarter.
As a result, our overall net worth went up even though the stock market went down. |