orthokneepa's Net Worth for August 2013


Assets Value Change ($) Change (%)
Cash $42,645 $3,231 8.20%
Stocks $346,381 ($16,220) (4.47%)
Bonds $0 - -
Annuities $0 - -
Retirement $378,209 ($9,356) (2.41%)
Home $566,000 $1,500 0.27%
Other Real Estate $0 - -
Cars $14,000 ($500) (3.45%)
Personal Property $16,500 - -
Other $19,600 - -
$1,383,335 ($21,345) (1.52%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $119,050 ($191) (0.16%)
Other Mortgage(s) $0 - -
Student Loans $25,281 ($143) (0.56%)
Credit Cards $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $144,331 ($334) (0.23%)
Net Worth $1,239,004 ($21,011) (1.67%)
*All values shown in USD ($)
Notes:
Net worth now relects combined net worth of my wife and I. Market pulled back some this month. Stocks had the worst month in the last year and a half. Account reflect this. Warrants held should pay off nicely as economy and housing market improve. Assets should continue to increase significantly now with money no longer being paid towards mortgage. No longer have big single stock position in the growth stock. Sold with 30% gain. $$ now in a dividend paying stock. Real estate is single family home, should appreciate at 4% a year average for my area which is 1500 a month. This may also be understated compared to comparable sales and work done to house. Zillow says house is worth 583,000. Added more as we have continued to do upgrades to house. Mortgage has been refinanced for 120k at 3.5%. Happy with the interest we saved on the extra payments for 2 years and now have a mortgage payment less then 1/3 of my original payment. Interest outlay over 30 years comes out to a roughly 2500 a year average. Will be pennies relatively speaking towards the end of the loan. Saved about 175k by paying down mortgage aggressively. Will continue to take the 7-12k a month that was going to mortgage and will look at an investment property or will continue to strategically add to stock positions over time. Not adding now at all time highs. Would love for the div payers in my portfolio to pull back some. Made nearly 10k last year in dividends and would like to increase that significantly. We have striven to have little debt and now have 10x more assets then debt, and debt interest rates are at 1.6% for the student loans and 3.5% for mortgage. Interest expense will be minimal as a result going forward allowing us to compound our money aggressively. 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 32, wife 30' net worth goal of $250,000 by 30 reached 9 months early on my own. Every entry before 10/10 reflects this. Goal HAS BEEN MET FOR 1 million net worth by the end of 2012 one month early. New goal of 1.25 million by the end of 2013 also met. Will try for 1.35 for end of 2013 and 1.5 end of 2014. 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 abscense of growth, and increasing dividend. Carry on.....

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