My monthly NW estimate has been updated in NetWorthShare for the end of September. Chart is in the side-bar.
Stocks and managed fund investments fell over the past month, probably due to a combination of rising interest rates, increasing prospects of a global recession, and increasing possibility of the Russian invasion of Ukraine and annexation of 20% of the country leading to a widening of the conflict. My 'Stocks' figure was only down $2,074 (-0.78%) to $265,291 net equity. This relatively good performance is due to having eliminated gearing and liquidated most of my direct share and fund investments (outside of super) a few months ago to increase my cash holdings prior to settlement falling due for my off-the-plan investment unit purchase.
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) did quite well during Septemeber, rising $1.507 (5.13%) to $30,875.
Our estimated house price for September (my half) fell by $32,000 (-2.74%) to $1,134,000 due to the general weakness in the Sydney real estate market finally flowing through into sale prices in our suburb.
The value of my retirement savings dropped to $1,324,743 (down -$71,970 or -5.15%) by the end of September, due to our SMSF being practically 100% invested in the Vanguard High Growth Index Fund.
Overall, my estimated NW decreased to $3,065,964 over the past month - down by $104,287 (-3.29%). It isn't much fun watching one's net worth decrease by my annual salary during a single month. But I won't be surprised if there are worse months ahead during the remainder of the 22/23 FY.
Subscribe to Enough Wealth. Copyright 2006-2022
No comments:
Post a Comment