Tuesday 5 January 2016

Net Worth: December 2015

Net Worth increased slightly during December (up 0.87% or A$15,731) due mostly to an increase in the estimated market valuation for our home. My leveraged stock portfolio saw little change over the month, and my retirement savings showed a slight decrease with a bi-annual tax payment offsetting the two employer contribution payments that were processed during the month. Depending on how the stock market performs during 2016, this might be the first year my net worth touches two millions and I become a 'multi-millionaire' ;) Unfortunately these days that no longer qualifies one as being 'rich' or UHNW (ultra-high net worth) -- for that you'd need ten or twenty million dollars of 'financial assets', not just a house in Sydney.

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