orthokneepa's Net Worth for December 2013


Assets Value Change ($) Change (%)
Cash $56,215 $6,064 12.09%
Stocks $431,633 $16,846 4.06%
Bonds $0 - -
Annuities $0 - -
Retirement $448,199 $12,694 2.91%
Home $569,500 $1,500 0.26%
Other Real Estate $0 - -
Cars $13,500 - -
Personal Property $17,500 - -
Other Assets $19,600 - -
$1,556,147 $37,104 2.44%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $118,280 ($194) (0.16%)
Other Mortgage(s) $0 - -
Student Loans $24,752 ($120) (0.48%)
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $143,032 ($314) (0.22%)
Net Worth $1,413,115 $37,418 2.72%
*All values shown in USD ($)
Notes:
Net worth now relects combined net worth of my wife and I. Market pulled back some this month. Stocks had a great December, market at all time highs again. Stock accounts and retirement 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. A lot of the div stocks I hold now have been acting like crap, its ok though as divs still get reinvested and I have been buying agressively. Div payments should be roughly 9-10k next year at a minimum. 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 593,000. Added more as we have continued to do upgrades to house. Going to add a 35-40k patio to house in spring which should nearly increase value dollar for dollar. 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. This month I continued to add agressively to dividend paying stocks. Made nearly 10k last year in dividends(thanks to special dividend) and would like to increase that significantly going forward. We have striven to have little debt and now have more then 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 which we met. Goal for 2014 will be 1.5 million. 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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