Net Worth Update – December 2015

//Net Worth Update – December 2015

Net Worth Update – December 2015

For the past few years, I would take a few minutes at the beginning of each month to calculate my net worth.  I then share how much it has grown (or recently shrank) both month over month and year to date.  On a side note, I finally moved The Wife’s Roth IRA from T-Rowe Price to Fidelity since that is where literally everything else is.  I tried to do this 3 times and failed, so while this may not seem like a feat to some, I am pretty damn excited that I finally got it done!  The reason I was intent on moving it had to do with the fees associated with T-Rowe Price.  For some reason I was getting hit with a $20 fee every year.  While that is next to nothing in terms of money, I was getting zero service for that amount, so why pay for it?

Calculating my Net Worth

My Assets

  • My Cash Savings Accounts – I only really count my emergency savings since everything else is ear marked to be spent elsewhere.  This number was where I wanted it for about 18 months, but in April I had my daughter‘s Christening so I ate into this amount.   In the Greek culture a Christening is a pretty big deal, and to the dismay of The Wife, I had a pretty big party to match.  I have to focus getting it back up as quickly as possible.
  • My 401(k) – Just keep throwing part of my paycheck at my 401(k) even though I sort of hate my 401k.  I have stopped buying and selling within this account…I just posted my actual returns from this pure market timing technique.
  • Random Non-Qualified Investment Accounts – This thing has TUMBLED but I am proud to announce I am DONE with gambling on penny stocks.  My gambling will be kept to casinos (and some of my holdings in my investment club).
  • Wife’s Non-Qualified Account – In this monthly post for the past few years I would lump this in with the random qualified accounts, but this is not how I kept my records.  So I have partitioned it out for future posts, and recaptured some Disney stock which was in a UTMA account for The Wife despite her being 34 years old.  The “recapture” created a noticeable big bump in November of last year.  In addition to her $DIS stock she owns 2 broad based index funds.
  • The Wife’s Roth IRA – This account only holds to 2 funds. An index fund of the market and a dividend paying fund.
  • My Dividend Investment Portfolio – Easily my favorite part of my financial empire hut.
  • Home Value – A lot of bloggers seem to stress over home value.  In my old place I just rounded to a number that I thought I’d sell for (I was off by less than 1%).  I am just going to keep using my purchase price for at least the next year or two.  No real reason to worry about it as I am not going anywhere any time soon.
  • My Traditional IRA – I was actively trading this account also, but I made the financial confession that I was speculating in some really shitty stocks.  For the past few months I have been transitioning the holds into long term holds that I felt were undervalued ($HOG, $GT, etc.)

My Liabilities

My Net Worth Growth

  • From November 2015 to December 2015 my net worth increased 1.44%%
  • For 2015 my net worth has followed suit and is now up 1.43% (had a -4% and 5% swing past two months)

How was your month?

By | 2015-12-11T12:02:28+00:00 December 2nd, 2015|Personal Situation|3 Comments

About the Author:

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

3 Comments

  1. Lazy Man and Money December 3, 2015 at 9:36 am - Reply

    How many hours of your time did it take to save yourself $20 a year? Don’t get me wrong, I’d do the same thing. However, in hindsight, I look at such things and laugh.

    • Evan December 5, 2015 at 9:08 pm - Reply

      Cost effective? If I succeeded the first time then absolutely would be! But I didn’t lol. Total hours? Not sure maybe like 90 mins over the 2 failures and eventual success.

      More than the money it was the RIDICULOUSNESS that this small low 5 digit account would have any fees in today’s day and age.

      • Lazy Man and Money December 6, 2015 at 12:52 pm - Reply

        Fair enough, I once spent 3 hours on the phone with Fidelity for the principle of it with a similar discussion.

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