Amazon Affiliate Links

Monday, 3 May 2021

Net Worth: APR 2021

My monthly NW estimate has been updated in NetWorthShare for the end of April. 

Stocks and managed fund investments gained a healthy amount this month, rising $8,618 (2.57%) to have  $343,574 net equity in my geared share portfolios.

Our estimated house price for April (my half) increased by $14,510 (1.70%) to $866,986. The strength in the housing market continues unabated, but the rate of gain has started to slow as affordability issues reduce the pool of prospective buyers. 

The value of my retirement savings rose significantly during April, to $1,392,174 (up $43,385 or 3.22%). I opened a new super accumulation account with QSuper and intend to make undeducted (after tax) contributions into that account before I hit the total super balance cap ($1.7M for 2021-22) which will reduce my non-concessional contributions cap from $110,000 pa to nil.

I also started tracking my precious metals investments (gold and silver proof coin sets, bullion bars etc.) under 'other assets' as I have started regular investment of $100/mo into gold via my Perth Mint Depository account. Based on the spot gold and silver price and purity of the various coins, the April valuation was $22,945. 

Overall, my NW reached $2,924,099 by the end of April - up by a healthy $89,727 (3.17%). Excluding the one-off impact of including my precious metals holdings for the first time, the monthly gain would have been $66,782 (2.36%).

It looks possible that my NW could hit $3M by the end of the FY rather than the end of 2021 calendar year, but it reminds me of when I first became a 'millionaire' in 2006, only to see my NW plunge by >40% during the GFC, so I'm actually feeling a bit wary. Especially given the fact the the S&P 500 has more than doubled over the past five years while at the same time governments around the world have incurred massive amounts of debt in order to provide economic stimulus during the pandemic.

Subscribe to Enough Wealth. Copyright 2006-2021

No comments: