| Net worth now relects combined net worth of my wife and I.
The Market had a nice turnaround for March. I continued to replenish our emergency fund and still plan on putting a future cash for the next couple months into equities. If I can gain 50% on portfolio in the next couple years I would consider paying of my mortgage. Will have to see how things go. Now have nearly half of stock amount in 1 stock. Taking a gamble but an educated, researched gamble with odds highly in my favor.
Retirement is looking good. Employer contributions from last year went in for myself
Real estate is single family home, will appreciate at 4% a year average for my area which is 1500 a month. I again only added 750 this month again. Do not want to get ahead of my self. This may also be understated.
Misc Asset is jewlery and is entered at appraised value.
Personal property is furniture, art etc in house. This is carried at nearly 1/3 or 1/4 of price paid.
Now 30, wife 27, net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this.
We missed net worth goal of 600k by years end by 17k. Our goal now is 1 million net worth by the end of 2012. We now have 1,000,000 in assets and over 600k in net worth.
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 balance if available, and increasing dividend. With the recovery now coming towards its mid cycle I may need to de leverage moving forward.
Carry on..... |