Tuesday 3 May 2022

Net Worth: Apr 2022

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

Stocks and managed fund investments suffered from US and local market declines during this past month, down -$16,494 (-5.45%) to have $286,130 net equity in my geared share portfolios. I am in the process of liquidating most of my geared share and managed fund investments outside of superannuation, as the market seems poised for a substantial bear market due to the war, rising inflation and interest rates, and impact of severe Covid lockdowns in China. I can't see much upside potential and I might need liquidity when my off-the-plan investment unit construction is completed towards the end of this year and I need to access funds for settlement (and might not be able to arrange a mortgage). This reduction in geared stock portfolio holdings will be reflected in next month's data.

Our estimated house price for April (my half) rose $30,057 (2.58%) to $1,196,057. There is still a mild decline in Sydney real estate but our suburb reported some price appreciation during the month.

The value of my retirement savings decreased during April due to the stock market weakness to $1,447,656 (down -$40,922 or -2.75%). Overall, my estimated NW decreased slightly to $3,266,965 by the end of April - down by -$25,613 (-0.78%).

However, if I was including price movements in my holiday home (lake house) and the estimated value of my off-the-plan apartment my NW would have slightly increased.

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