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Sunday, 23 December 2012

Net Worth Update: November 2012

The stock market dipped a little during November (it has already gone back up this month to new '12-month highs', still more than 15% below the 2007 high points), and the monthly valuation estimates for our two properties were also slightly down (and also recovered in the next month). The best performance was my retirement account, but that is entirely due to my employer SLG contributions and salary sacrifice amounts for three months being paid into our SMSF bank account in early November.

At the moment our big concern is the rental investment property - still no new tenants (after six months!) and no reasonable offers to buy the property although it has been listed for nearly three months. While I can simply fund the $2000 per month rent shortfall by drawing down on my portfolio loan account (which is secured against our equity in the two properties), it isn't a good idea to capitalise debt (a bit like only paying the minimum on a credit card each month - something I've never done).

Meanwhile I have some more repairs to do on the investment rental property - making the balcony more presentable by screwing some marine plywood panels on top of the existing decking, and giving it several coats of  decking finish.

Assets___________$ Amount
Stocks_*_________-$31,891
Retirement_______$425,884
Properties_______$870,655
Debts____________$ Amount
Home Mortgage(s)_$363,882
Net Worth________$900,766

 * 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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