Advertisements

September 2015 Net Worth Update

//September 2015 Net Worth Update

September 2015 Net Worth Update

I have not been looking forward to writing this post.  With an increased debt load this past month and the shit storm that has been the market I am positive this is going to be the biggest one time drop since I started tracking my net worth a few years back.  Things are not going to be good when assets decrease and debts increase.  Let’s get to calculating.

  • Ouch assets are down 2.2%.

I know this is a short term drop.  I bought triple the amount of equities than what I usually do, so when the market comes back it will be a nice pop.

  • Debt only up .5% – any increase is terrible but this is much better than what I thought was going to happen.

With everything calculated, it is time to share.  I am not comfortable putting the actual number out on the internet for all to see, so what I did a few years ago was create my spreadsheet and zeroed out the net worth so that just the gain is being published.

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 $DIS stock she owns 2 broad based index funds.
  • The Wife’s Roth IRA – This account only holds to 2 funds. An index fund of the market and a dividend paying fund.
  • My Dividend Investment Portfolio – Easily my favorite part of my financial empire hut.
  • Home Value – A lot of bloggers seem to stress over home value.  In my old place I just rounded to a number that I thought I’d sell for (I was off by less than 1%).  I am just going to keep using my purchase price for at least the next year or two.  No real reason to worry about it as I am not going anywhere any time soon.
  • My Traditional IRA – I was actively trading this account also, but I made the financial confession that I was speculating in some really shitty stocks.  For the past few months I have been transitioning the holds into long term holds that I felt were undervalued ($HOT, $GT, etc.)

My Liabilities

  • My Mortgage – Every so often I think about putting money towards the mortgage but I always back off.
  • Law School debt – A while back I paid off the much smaller of the loans I have a while before this category makes any significant moves.
  • Credit Card debt – All at 0%

My Net Worth Growth

  • From August 2015 to September 2015 my net worth took a nose dive -4.33%!
  • For 2015 my net worth has followed suit and is now -4.39%

Financially, my month was pretty shitty! How was your month?

Advertisements
By | 2016-01-27T11:42:01+00:00 September 1st, 2015|Personal Situation|1 Comment

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

One Comment

  1. Clarisse September 1, 2015 at 8:55 pm - Reply

    I can totally relate to you about Christening, here in our country Christening is really important too. We had a big party during my daughter’s Christening and that was 8 years ago.

Leave A Comment