Monday 2 July 2018

Net Worth: June 2018

Last month the stock market gained during most of the month, with a slight reversal in the final week. This left my geared share portfolio (+$16,653)and retirement savings (SMSF account +$18,118 or 1.91%)) higher at month's end compared to May. The continuing decline in Sydney house prices was reflected in our suburb's average sale price, which is incorporated in my estimate of our home valuation (-$11,401 or -1.38%). Overall, my net worth rose $23,591 (1.04%) during June.

My geared share portfolio will show reduced volatility going forward, as I decided to sell off my direct share investments held within my margin loan accounts, and use the proceeds to reduce my margin loan balances. I've retained my managed fund investments in my margin loan accounts. I'll have the chore of working out the cost basis for each share sale in order to calculate the capital gain or loss for each transaction. My motivation for the share sales was to realize any capital gains while the current CGT rate still applies. If Labor wins the next federal election they intend to substantially increase the tax payable on long term capital gains.

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