cloudcaster's Net Worth for May 2024


Assets Value Change ($) Change (%)
Taxable $772,360 ($47,267) (5.77%)
Tax Deferred $1,786,929 $31,263 1.78%
Tax Free $545,138 $4,673 0.86%
Home $500,000 - -
4x Cars $40,000 - -
529 Accounts $45,181 $398 0.89%
$3,689,608 ($10,933) (0.30%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 - -
Net Worth $3,689,608 ($10,933) (0.30%)
*All values shown in USD ($)
Notes:
Crazy month! After much deliberation, I finally pulled the trigger and invested $250K in a new startup company in Taiwan. This amount will give me 25% ownership in the venture. (Not really sure how to account for it on my balance sheet yet, so for now, I'm going to leave it off, since the funds are at very high risk.) The company will be designing and manufacturing computer hardware that incorporates lower-power NVIDIA AI chips in edge computers. I've worked with the foundational team for over 10 years, and they are superlative engineers. The lead engineer firmly believes that a new revolution in AI computers is happening and wants to leverage his design expertise to make a fortune. It's pretty exciting to enter this market in an ownership position, given all the chatter about AI. Now I need to find a good tax attorney to figure out how to properly account for all of this.

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6/7/2024 8:57:51 AM cloudcaster
Portfolio allocation: 45% Stocks / 55% Bonds