For the past few months I haven't been tracking my investment account balances daily, but since I have a day off work today and the Aussie share market has been doing well for the past couple of weeks I decided to look up the current figures. According to my "net worth" spreadsheet the bottom line using yesterday's close of business figures was $1.006 million.
I'm a millionaire! Again.
Last time my net worth was over AUD$1m was back in 2007. This time around it's also US$1m due to the strong Aussie dollar, so I suppose in that sense I'm even more of a 'millionaire' than last time around. But, given the massive hit my net worth took 'during the GFC' (putting it in the past tense seems to be tempting fate), it doesn't feel "real" this time around. Of course, with inflation and what-not, being a "millionaire" isn't quite the same thing as it was in the era of The Great Gatsby.
Depending on how the market goes for the rest of February, I might still be a millionaire in my 'official' end of months figures and have it appear in my NetWorthIQ graph ;)
There's still a long way to go to get back to my peak net worth, even further to go in "real" terms (adjusting for inflation), and I doubt I'll ever be quite as well off as I was back in '07, given how much closer to retirement age I am now. Then again, there's always the $20m lotto draw coming up on Saturday...
Subscribe to Enough Wealth. Copyright 2006-2011