orthokneepa's Net Worth for July 2015


Assets Value Change ($) Change (%)
Cash $13,058 $3,092 31.03%
Stocks $558,968 $40,992 7.91%
Bonds $0 - -
Annuities $0 - -
Retirement $554,671 $1,844 0.33%
Home $677,250 - -
Other Real Estate $0 - -
Cars $51,336 ($500) (0.96%)
Personal Property $22,300 $300 1.36%
Other $19,600 - -
$1,897,183 $45,728 2.47%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $114,499 ($204) (0.18%)
Other Mortgage(s) $0 - -
Student Loans $22,170 ($120) (0.54%)
Credit Cards $0 - -
Car Loans $31,409 ($923) (2.85%)
Other $0 - -
Total Debts $168,078 ($1,247) (0.74%)
Net Worth $1,729,105 $46,975 2.79%
*All values shown in USD ($)
Notes:
Net worth reflects combined net worth of my wife and I. Market pulled back from all time highs again. Accounts reflect this. Market traded sideways in July. Our taxible account which I run is up ~25% for the year. A lot of our portfolio is leveraged towards rising rates and a weak dollar. Rates rises getting priced in. Retirement is mostly in mutual funds so thats why its sideways. Maybe confirmation bias but thinking I should control more of this. Div payments final amount for 2014 was 10,400, 2013 was $7600 Expected to be 13k+ easily in 2015. Over half of a million in retirement and growing nicely. We are both back to contributing the full amount for 2015 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. Price is realistic As comparison house next door with less upgrades sans patio sold for $655k and nearby house for sale for $769k 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. Still look at investment properties from time to time but with housing market recovered not many deals are present. Car loans 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. Wife got a new car which reflect new car amounts and loan over time. It makes very little sense to me financially but I consider it the cost of doing business, ie being married. 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 cars. 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 jewelry 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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