My net worth decreased during May, mostly due to weakness in the stock market and my share portfolio holding of bank and oil/energy stocks doing particularly badly. The estimated valuation for our house only increased slightly, as the Sydney real estate market has definitely come off the boil. As usual I have used the 'book value' for my rural property, with only a slight increase due to some capital expenditure (materials for a retaining wall so we can add a car port to the side of the existing shed). My retirement account increased slightly, due to contributions rather than any gain in the investments.
DW is still looking for a new job, and the hours of her casual employment as a 'nanny' have been substantially reduced.
Subscribe to Enough Wealth. Copyright 2006-2017