Wednesday 2 February 2022

Net Worth: Jan 2022

My monthly NW estimate has been updated in NetWorthShare for the end of January. Chart is in the side-bar.

Stocks and managed fund investments decreased significantyduring this past month,down -$25,217 (-7.93%) to have $292,661 net equity in my geared share portfolios. Fortunately I sold off a large chunk of my direct share investments on my margin loan accounts (retaining mostly the managed fund investments) and reduced my level of gearing, so my loss was more in line with the overall share markets.

Our estimated house price for January (my half) rose $36,276 (3.25%) to $1,153,045. Most 'pundits' predict that price growth will moderate this year, and could drop slightly next year,

The value of my retirement savings decreased during January to $1,482,122 (down -$62,671 or -4.06%) as it is invested in the Vanguard High Growth fund, which tracked the decline in US and Australian stock markets during January. Overall, my estimated NW decreased to $3,262,332 by the end of January - down by $51,051 (-1.54%).

I track my holiday home/hobby farm (the 'lake house') and my off-the-plan investment property (a one-bedroom apartment) at 'cost' in my monthly NW calculations, however I do a rough monthly estimate of their value, and if that had been included my overall NW would have remainined practically unchanged during January (due to rises in house prices in Forster and unit prices in St Leonards).

Things would get a lot more painful if equities and property were both in decline at the same time.

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