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Tuesday, 1 January 2013

Net Worth Update: December 2012

December saw increases in the values of both our property investments and stock investments (hence also in our retirement savings SMSF). I'm not convinced the estimated property valuations are particularly accurate, as they are based on the average sales price for the entire postcode region (~suburb) for the month, and the relationship between the average sales price and our particular property will depend on the mix of properties that were sold -- if top end houses were sold during the month, the change in average price will not be relevant to the price of our (low-end) rental property.
At the current net worth value it looks quite possible that I will again become a "millionaire" (for the third time!) during 2013. But given the ongoing global economic uncertainty, and challenging environment for Australian manufacturing and retail businesses, I wouldn't be at all surprised to see my NW fluctuate above and below the million dollar mark several times during 2013.

Assets___________$ Amount______$ Diff_____% Diff 
Stocks_*_________-$15,079____+$16,812______n/a % 
Retirement_______$437,870____+$11,986____+2.81 % 
Properties_______$883,493____+$12,838____+1.47 % 

Debts____________$ Amount_____$ Diff_____% Diff 
Home Mortgage(s)_$363,780______-$102_____-0.03 % 

Net Worth________$942,502____+$41,738____+1.91 %

* 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.
* the Stocks net equity figure is listed under 'other debts' in NetWorthIQ as it doesn't allow negative values to be entered in the 'stocks' category.
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