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Tuesday, 2 July 2013

Net Worth Update: June 2013

The past month was fairly flat overall, with a substantial dip in the stock market mid-month only partially reversed by the month's end. My retirement account was adversely affected, with the market decline offsetting the benefit of three month's worth of employer contributions (SGL and salary sacrifice) being deposited during June. Our property investments showed a slight gain during the month, but in the next couple of months our investment property should be sold, which will result in my net worth taking a hit of around $140,000 due to selling fee ($14K), the sale price being about 7% below my 'estimate' of its value ($60K), and the capital gains tax liability resulting from the sale ($68K). So my NW figure will be dropping back below the $1m mark in a couple of month's time, and unless the stock market performs brilliantly, I don't expect to be a 'millionaire' again until 2015 or thereabouts.

Assets$ Amount $ Diff% Diff
Stocks *$10,448$1,451n/a
Retirement$496,360-$248-0.05%
Properties$880,501$5,2390.60%
Debts$ Amount $ Diff% Diff
Home Mortgage(s)$363,103-$134-0.04%
Net Worth$1,024,206$6,5750.65%
* the Stocks figure is portfolio value - margin loans

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