My net worth as at 30 June dropped by $12,554 during the month to $1,149,990 (AUD), largely due to 12 months prepayment of $13,425 interest on one of my margin loan accounts. My leveraged stock portfolios decreased by a net -2.80% last month due to the overall weakness in the stock market. Whilst the estimated valuations for my share of our home and investment property increased slightly I decided to retain the previous month's valuation as I have indicative figures for the next month showing that this was just a temporary blip in average sale price for our suburb, and prices will have reverted to the previous level by next month. The overall property equity decreased slightly due to our mortgage loan balances increasing fractionally (by 0.03%) due to our monthly redraw of $2,000. The valuation of my retirement account also decreased slightly during June (-0.24%) as it is largely invested in domestic and international stock funds.
Copyright Enough Wealth 2007