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Saturday, 5 March 2011

Net Worth Update: February 2011

As I suspected might happen, I spoke too soon about being a "millionaire" again. After breaking through the million dollar barrier earlier in the month, the middle East troubles and spike in the oil price made the Australian stock market drop enough to push my net worth below the megadollar in time for my end of month accounting.

However, it still looks like 2011 could be pretty kind to my NW - although Sydney house prices are so expensive that a drop in our real estate valuations can't be ruled out. Also, although the US economy looks like it may regain some confidence in 2011, that boost to our stock market could be counteracted by a slowing of Chinese economic growth if inflation problems cause their interest rates to take off.

My SMSF continues to grow, boosted by $25K pa from the combined effect of the SGL and salary sacrifice. On the other hand, we don't have any spare cashflow to pay off our mortgages, so my half of the debt in our property portfolio remains stuck around $361K.

Assets___________$ Amount______$ Diff_____% Diff 
Stocks_*__________$27,197______$4,399______n/a % 
Retirement_______$375,740_____$10,919_____2.99 % 
Properties_______$957,187______$2,121_____0.22 % 

Debts____________$ Amount_____$ Diff_____% Diff 
Home Mortgage(s)_$361,053_______-$46_____-0.67 % 

Net Worth________$999,071_____$17,485_____1.78 %
* 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.

My version of net worth calculation only includes major assets and debt.
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1 comment:

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At least you're seeing a development on budgeting.