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Tuesday, 1 February 2011

Net Worth Update: January 2011

The Australian stock market had declined slightly by the end of this month, so my equity in my geared stock portfolio decreased by around $4,000. However, our property valuations rose a bit during the month, and we also made a small repayment of mortgage principal during January, which improved our real estate portfolio equity. Some employer contributions were deposited into my SMSF account during the month. Overall my net worth figure increased by about $10K (~1%). With the USD remaining close to parity with the Aussie dollar, my NW is pretty much the same in terms of USD or AUD.

Depending on where the stock market and Sydney real estate market go during the remainder of 2011, I may soon be a "millionaire" once more. The question will then be whether my NW continues to increase, or if another financial crisis develops and marks down my investments again.

Assets___________$ Amount______$ Diff_____% Diff 
Stocks_*__________$22,798_____-$3,920______n/a % 
Retirement_______$364,820______$6,142_____1.71 % 
Properties_______$955,066______$5,364_____0.56 % 

Debts____________$ Amount_____$ Diff_____% Diff 
Home Mortgage(s)_$361,098_____-$2,424_____-0.67 % 

Net Worth________$981,586_____$10,010_____1.03 %
* 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.
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1 comment:

estate planning said...

This is good to monitor your finances. You can compare it within a quarter or a year for your financial outlook.