orthokneepa's Net Worth for December 2014


Assets Value Change ($) Change (%)
Cash $21,852 $10,681 95.61%
Stocks $465,855 ($7,296) (1.54%)
Bonds $0 - -
Annuities $0 - -
Retirement $522,387 $60 0.01%
Home $657,400 - -
Other Real Estate $0 - -
Cars $27,500 ($300) (1.08%)
Personal Property $20,500 - -
Other $19,600 - -
$1,735,094 $3,145 0.18%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $115,916 ($200) (0.17%)
Other Mortgage(s) $0 - -
Student Loans $23,072 ($132) (0.57%)
Credit Cards $0 - -
Car Loans $8,537 ($783) (8.40%)
Other $0 - -
Total Debts $147,525 ($1,115) (0.75%)
Net Worth $1,587,569 $4,260 0.27%
*All values shown in USD ($)
Notes:
Net worth now reflects combined net worth of my wife and I. Market again at all time highs. Accounts reflect this. The markets ended 2014 on a down day and have been flatish over the last couple months of the year. Accts reflect this as net worth very leveraged to stocks. Gains becoming much smaller as market levels off. Assets should continue to increase significantly now with money no longer being paid towards mortgage. Div payments final amount to be determined soon and expected to be 12+ next year. Over half of a million in retirement still. Has not moved much as contributions stopped just before last Q due to contribution limits. Our avg age is 32 so we should be able to retire "early". 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 608,000 without addition. I added value patio adds to home in June. May seem like a lot but its a 420 sq ft very high end addition. To be conservative I will not add any more value to the house for rest of the year. As comparison house next door very similar sans patio sold for $655k. 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. Have not added much to positions with market near all time. Oil sector is looking interesting still and habe been buying there. Made nearly 7k in 2013 in dividends. This should increase by nearly 50% this year alone. That's a wicked pace to maintain in regard to div growth mostly via purchases but I will try. At some point compounding will take over and my additions will seem minimal. Car loan at 3.99 interest. Monthly payment will be negligible with our cash flow and interest paid will only be 30 dollars a month so I may not be in a rush to pay it off. We will see how much it annoys me frankly. That will determine how fast I pay it off. I did pay an extra $800 towards to the loan. We have striven to have little debt and have more then 10x more assets then debt, and debt interest rates are at 1.6% for the student loans, 3.5% for mortgage and 3.99% for car. Interest expense will be minimal as a result going forward allowing us to compound our money aggressively. We are fully taking advantage of the low rate environment. 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 33, wife 31' 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. Then tried for 1.35 for end of 2013 which we met. Goal for end of 2014 will be 1.5 million which has been met also. Goal for end of 2015 will be 1.75 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 flows, and increasing dividend. Carry on.....

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