My estimated NW increased by $60,194 (2.46%) during January to $2,502,382, due to the strong gains in Australian and global equities markets, which flowed on to the valuation of our SMSF investments. House equity valuation didn't change as there was no updated monthly sales data available when I did my monthly estimate of our house valuation (other reports suggest that the Sydney real estate market continued to improve). My NW hit the $2.5m mark for the first time, which helped mitigate the disappointment that my S-type Jaguar had to be written off as the Jaguar 'specialist' service center couldn't fix the problem with the electrical system (ended up selling the car to a parts dealer for $500, after buying it for $8,000 and spending about $2,500 trying to repair it when it broke down).
This month I had to pay the $42,452 'stamp duty' on the $1m off-the-plan unit that won't be completed until 2023 and I also paid $3,500 for the next uni term of my Masters course (which I paid using my 'portfolio loan'), and I also bought about $1,000 of 'toys' (a cheap $210 kayak to use when I'm at the lake house, some gym clothes and annual gym membership pre-payment, and a $600 .22LR CZ455 rifle to do some benchrest target shooting on the weekends), so I'm more than tapped out in terms of cash flow this month. Seems that I'm asset rich and cashflow poor and will need to clamp down on spending too freely on 'wants' - which is probably good practice for when I retire...
Fortunately I *should* get paid my annual bonus (around 10% of salary) during February, which will help pay this month's credit card bills! If I ever get around to lodging my 2018 and 2019 tax returns I should also get a tax refund (I sold some shares in 2018 and probably made some capital gains (still trying to find all the DRP and purchase details from back in the 1980s!) but I also had quite a few tax deductions, so should get some of my PAYG tax refunded).
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