Wednesday 1 May 2024

Net Worth - APR 2024

Chart updated to end of April in sidebar.

Stocks/cash increased $3,139 (+1.23%) to $258,822. My portfolio was actually down during the past month, but I remembered that I have a small amount invested in an unlisted company and they emailed an updated valuation last month, so I have included that figure in my stock portfolio valuation.

Retirement savings (SMSF etc) decreased by -$51,415 (-2.88%) to $1,731,778 in line with the market trend and our asset allocation.

Est. valuation of our home (my half) increased by $10,624 (+0.93%) to $1,150,713. The 'Other real estate' (my 'lake house' and the investment apartment) increased by $77,656 (+3.67%) to $2,191,735. It appears that one of the '12-month trend' figures for median apartment prices in the suburb where my investment apartment is was recalculated, so this component of my estimate increased suddenly and pushed up the overall price estimate. I've no idea if this is a more or a less accurate estimate of what the market value of my investment apartment is,  but the estimate is what it is.

The outstanding balance of the investment property mortgage remains at $999,993 during the 'interest only' period of the mortgage. Another ~4 years remain of the 'interest only' period. During that time I will accumulate as much cash as possible in the offset account to reduce the effective loan balance.

Other assets (my online depository bullion account at Perth Mint, and the bullion value of my gold and silver proof coin collection) increased by $1,672 (+4.02%) to $43,232.

Overall, NW increased by $41,676 (+0.96%) to $4,384,287 during April.

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