MountainCEO's Net Worth for December 2022


Assets Value Change ($) Change (%)
Cash $125,000 ($10,000) (7.41%)
Stocks $49,000 - -
Bonds $130,000 $15,000 13.04%
Annuities $0 - -
Retirement $1,036,000 ($14,000) (1.33%)
Home $1,570,000 - -
Second Home $930,000 ($10,000) (1.06%)
Business Value $2,250,000 - -
Vehicles $250,000 - -
Non Liquid Assets $130,000 - -
$6,470,000 ($19,000) (0.29%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $626,000 ($1,000) (0.16%)
Other Mortgage(s) $492,000 ($1,000) (0.20%)
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $1,118,000 ($2,000) (0.18%)
Net Worth $5,352,000 ($17,000) (0.32%)
*All values shown in USD ($)
Notes:
2022 was a great year for my business. We had record revenues. I stopped making adjustments to the company value because there is also a downward trend in the M&A market. Ultimately, I expect the business to fetch more than the 'Business Value' indicates, but let's see what happens when it happens.

My other investments didn't do well. I propped up my retirement but had to accept significant losses. So, it's a sidewards movement.

Similiarly, I had to adjust the value of my houses off their peaks.

I will continue to build out a bond ladder. The short-term treasuries (bills) fetch 4.5% and more. So, it's a good way to store cash that is not immediately needed. I was able to pay down this year a decent amount of my mortgages. I will continue to do that in 2023 even though the interest rates are around 3%.

The next 12-24 months will be potentially bumpy in the public markets. The US might escape a recession but internationally the picture is not as straightforward. There is a lot of geopolitical risk that could impact the markets negatively. My main objective is to keep growing my business profitably which is the best hedge in uncertain times. I will be aggressive in deleveraging, building out my bond ladder, and continuing to invest in Fortune 500 index funds and selected company stocks.

Happy New Year!

Comments