Friday 2 December 2022

Net Worth: NOV 2022

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

My 'Stocks' figure was up $11,049 (4.10%) to $280,631 net equity.

The value of my 'Other Assets' category (gold and silver proof coin collection, valued at bullion value only, Perth Mint unallocated gold, silver and platinum holdings, and my small art investment via Masterworks) was up slightly during November, rising $1,070 (3.46%) to $31,993.

Our estimated house price for November (my half) fell another $18,138 (-1.64%) to  $1,088,267 with continued weakness in the Sydney real estate market due to rising interest rates. Declines are likely to continue until inflation is brought under control, the RBA ends the cycle of interest rate hikes, and home loan interest rates stop rising. I expect falls in absolute terms to continue, with the decline in real terms being worse due to inflation (currently running at 7.3% pa).

The value of my retirement savings recovered to $1,468,873 (up $85,164 or 4.64%) during November.

Overall, my estimated NW increased to $3,181,321 during the past month - up by $59,395 (1.90%), recovering most of the losses since last June, but still down by about $140,000 from the highs reached last December.

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