The ASX200 broke through 5,000 (the 'year end' prediction of many so-called experts only a couple of months ago!) and my net worth topped the A$1m mark once more. Maybe it will be a case of "third time lucky"? However, in real terms this is still well below the levels my NW reached in 2007, and is around the level of seven years ago. At least the trend is in the 'right' direction, and as I still have considerable levels of gearing in my stock portfolio, a little bit in our SMSF account, and a substantial mortgage on our properties, and a sustained positive trend would see a rapid rise in NW. This of course would require the US economy to continue to improve, the Eurozone start to recover and the strength of the asian region no falter. Given the experience of the past decade that is far from certain...
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