plasticsurgeryrox's Net Worth for June 2018


Assets Value Change ($) Change (%)
Cash $0 - -
Stocks $18,159,570 $1,976,040 12.21%
Bonds $183,430 $19,960 12.21%
Annuities $0 - -
Retirement $0 - -
Home $2,200,000 - -
Other Real Estate $6,383,000 - -
Cars $0 - -
Personal Property $0 - -
Other $0 - -
$26,926,000 $1,996,000 8.01%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $1,050,000 ($4,000) (0.38%)
Other Mortgage(s) $5,000,000 - -
Student Loans $114,000 ($1,000) (0.87%)
Credit Cards $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $6,164,000 ($5,000) (0.08%)
Net Worth $20,762,000 $2,001,000 10.67%
*All values shown in USD ($)
Notes:
5/28/18 Im bullish on the stock market. There's still too much fear of a 2008 recession which we may never escape in our lifetimes. overall stocks are trading at 16x P/E multiple. Cheap compared to prime rate. Im continuing to invest all in on the stock market. For 2018, expecting 0.1 coin, 0.8 ern-esc, 2019 expecting 1 ern, 1.1 extra 2020 expecting 5 sto

Comments

5/29/2018 12:23:07 PM gmt
Congrats on the new benchmark, plastic. How did you generate a $2 million dollar gain this month in equities? What was the trade? Also, is there a reason your stock/bond balances seem to often change by the very same lock-step percentage some months (e.g., this month 12.21% each)? Also, where do you see stocks are trading overall at a 16x PE? CAPE is twice that at 30.
5/30/2018 7:44:35 PM plasticsurgeryrox
thank you, gmt. most of my stocks are in big name tech stocks and some in SPY. Also, some of my gains are from my businesses paying quarterly dividends/profit sharing. I also buy call options on any dips in the market, which i will sell on up market days. stock/bond balances change in lock-step just from a limitation of converting my assets from multiple brokerages into networthshare. I find it simpler to just have a percentage of assets in stocks and bonds and take the total and place it in networthshare. google forward p/e of spy - its about 16.5 for 12/19 right now. the schiller ratio is based on historical numbers. i find the forwward p/e more indicative in my opinion of the true value. i do think there might be a mild recession in 2019 or 2020 (possibly 2018) but i think the pullback will only be 10-20%.
6/1/2018 10:55:10 AM gmt
Thanks for the response--that makes sense. Again, congrats ... you've made extraordinary progress!