| Net worth now relects combined net worth of my wife and I.
The Market had a horrendous month. EU crisis raging. Presenting buying opportunities.
Have over 100k in one stock, , continues to perform well, 2012 and 2013 should be great for it and currently up 10 percent. Stock pulled back a lot this month. Long term prospects still intact for now.
Real estate is single family home, should appreciate at 4% a year average for my area which is 1500 a month. I added 500 this month. Do not want to get ahead of my self. This may also be understated compared to comparable sales and work done to house.
Paid a lot extra towards mortgage again. This continues to show our earning power. Will continue this for some time. I hate paying interest. Effectively the same as a nearly 6.75% return in our tax bracket including state tax in we were to invest in the short term. Will hopefully pay off 30 year mortgage in 3-4 years. Mortgage interest write off of no use due to alternative minimum tax.
New "bonds" is bonus money ready to go into 401k once the market turns down again. 5000 will be reflected as new contribution.
Misc Asset is jewelery 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 31, wife 28, net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this.
Goal now is 1 million net worth by the end of 2012. We seem to be on track for now. Will depend how the market performs for last half of the year and how my equities do. We are at the mercy of the market at this time, but on track.
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 in absense of growth, and increasing dividend.
Carry on..... |