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Sunday, 3 October 2010

Net Worth Update: September 2010

The stock market gains during August were largley offset by one of our property valuations declining considerably, but the latest average sales figures show more typical prices that will cause a rebound in our property valuation for next month's NW figure.

I've had a serious health problem recur twice in the past couple of months, which has led to brief discussions with DW about what we would do if I could no longer work. Fortunately selling off the rental property (at current prices) would allow us to clear our mortgage, and selling my liquid stock investments would clear most of the margin loan debt - a bit would probably have to wait until the "capital guaranteed" hedge fund investments reach maturity date in a few years time.

Accumulated leave entitlements and savings would see us through the two year waiting period of my loss of income insurance, which would then provide 75% of my current income until age 65 if I could no longer work. Without a mortgage that should be sufficient to live off and keep saving for "retirement age". Although if I can't clear up this health problem I probably don't need to plan for my retirement savings to last until age 90+!

Assets___________$ Amount______$ Diff_____% Diff 
Stocks_*__________$20,283_____$11,953______n/a % 
Retirement_______$340,081______$9,587_____2.90 % 
Properties_______$904,387____-$15,484____-1.68 % 

Debts____________$ Amount_____$ Diff_____% Diff 
Home Mortgage(s)_$363,956________-$62____-0.02 % 

Net Worth________$900,795______$6,188_____0.69 %

* the Stocks figure is portfolio value - margin loans. As my portfolio value (and margin loan debt) is around $500,000 relatively small movements in the stock market produce huge percentage swings in the net value of my stock portfolio each month.

Net Worth is tracked in AUD terms, so the recent strength in the Aussie dollar would show our current NW in USD terms is close to our all time high, rather than still being some 30% off our previous AUD peak in 2007.

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1 comment:

Chris said...

Best of luck with the health issues - sometimes there are things that make you realise there is more to life than net worth alone... I had one of those moments when my partner at the time was diagnosed with cancer. Fingers crossed for you and family!