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Monday, 3 December 2007

Net Worth Update November 2007

My net worth as at 30 November increased by $13,522 (1.17%) during the month to $1,172,427 (AUD), largely due to an increase in the estimated valuation of our real estate assets which more than offset the losses in the stock market. The real estate valuations bounce around from month to month, affected by what mix of houses were sold during the month, so it's only the long-term trend that matters. The balance of my half of the mortgage increased slightly by -$89 to -$363,153 as we continue to redraw some of our advance payments to cover the interest payments while DW is working part-time (until DS2 starts school in a couple of years). This month the redraw was mostly offset by there being three fortnightly repayments falling within the month. My leveraged stock portfolios decreased by a net -$22,302 (-5.35%) to $394,653. My retirement account decreased by -$4,450 (-1.34%) to $327,873. This figure is still a bit understated (by around $4,000) due to a delay in the processing of my employer's contribution for the month of August. There's also been a slight miscalculation in the 9% SGL employer contribution for the past six weeks.

Copyright Enough Wealth 2007

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