Monday 8 August 2011

Net Worth Update: July 2011

Unfortunately July turned out to be as dismal as May and June. So, if you want any more detailed commentary, just have a look at the May entry again.

My geared stock portfolio dropped further into negative equity, and so far it looks like next months report will be even worse.

Our SMSF also had a bad month, as it is mostly invested in the Vanguard High Growth Fund and some ASX200 CFDs (IQ) which are below our entry price. The next month will be even worse, with the CFD investment getting a margin call today, so I had to transfer some more cash from the SMSF bank account into the SMSF Comsec account.

In addition, this month the valuations for our Sydney properties dropped further, and it looks like property prices in Sydney will remain subdued for a while.

Assets___________$ Amount______$ Diff_____% Diff 
Stocks_*_________-$41,482____-$10,189______n/a % 
Retirement_______$361,300_____-$7,993____-2.16 % 
Properties_______$976,271_____-$7,510____-0.76 % 

Debts____________$ Amount_____$ Diff_____% Diff 
Home Mortgage(s)_$360,069______-$102_____-0.03 % 

Net Worth________$936,020____-$25,589____-2.66 %
* the Stocks figure is portfolio value - margin loans. As my portfolio value (and margin loan debt) is around $500,000 relatively small movements in the stock market produce huge percentage swings in the net value of my stock portfolio each month.

Subscribe to Enough Wealth. Copyright 2006-2011

No comments: