The valuations for our Sydney properties also dropped slightly, but so far Sydney property prices are holding up slightly better than in other Australian capital cities.
Assets___________$ Amount______$ Diff_____% Diff Stocks_*_________-$52,589____-$11,377______n/a % Retirement_______$347,483____-$13,817____-3.82 % Properties_______$975,738_______-$533____-0.05 % Debts____________$ Amount_____$ Diff_____% Diff Home Mortgage(s)_$359,614______-$455_____-0.13 % Net Worth________$910,748____-$25,272____-2.70 %* 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
2 comments:
I hope with the property evaluations going down, you are not dropping rent for the tenants. Otherwise, it is just a lesson to all of us.
It is unlikely to see 7% return on the stocks (maybe annualized over a 100 years only), no safe harbor either.
Strictly speaking, the only desire is to keep money away for inflation. I had to revise my goals recently and projected need went to 2 million USD.
Your 'wealth chart' shows the rally back of roughly 66.66% - get out now - convert 100% to cash/fixed interest - start to build short IQ over positions over the next few days/weeks - we are going down to levels un imaginable. Deflation will rule, cash up to survive.
I converted everything (to cash/fixed int) some weeks ago and am now adding short IQ on big rally days, also going long USD at 1.07, then 1.04 and any up days from here.
Dire_times_ahead
Post a Comment