retireby50's Net Worth for February 2011


Assets Value Change ($) Change (%)
Cash $5,904 $1,763 42.57%
Stocks $14,948 $648 4.53%
Bonds $0 - -
Annuities $0 - -
Retirement $54,763 $2,263 4.31%
Home $0 - -
Other Real Estate $0 - -
Cars $0 - -
Personal Property $0 - -
Other Assets $0 - -
$75,615 $4,674 6.59%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $3,461 ($1,039) (23.09%)
Car Loans $19,730 ($270) (1.35%)
Other Debts $8,700 ($300) (3.33%)
Total Debts $31,891 ($1,609) (4.80%)
Net Worth $43,724 $6,283 16.78%
*All values shown in USD ($)
Notes:
Currently in my third month of deployment to Iraq. Working to aggressively pay down all debt prior to redeployment. May hit a small snag with R&R in a couple of months, but I will be tracking to meet all of my redeployment financial goals. Also started allocating an additional $700 in the Army Savings Deposit Program. I wont be able to attain the full 10% interest rate provided by the program, however, making the contribution for the next ten months will allow me to save $7000 + interest and direct it all into my emergency savings account. Goal is to have at least $10,000 by the end of the deployment. Found a book called "The Small Investor's Guide to Large Profits in the Stock Market" by Justin Heatter in the office recently. It is older then me, but I like that it is quick and easy to read. I think it will be a good stepping stone to allow me to attain more knowledge and make more informed financial decisions. I have completed my max IRA contribution for 2010!!!! Vanguard recently changed one of my holdings into an Admiral shares fund. Unfortunately, it is about $90+/share; way out of my range for affordability! With this change in events, I will save, but hold on to money for the 2011 IRA contribution until I figure out what I should invest in next. Main thing to keep in mind is asset allocation; perhaps my next investment should not be as aggressive as my other holdings...

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