Net Worth - AUG 2023

Chart updated to end of August in sidebar.

Stocks/cash increased $4,918 (+2.39%) to $210,527.

Retirement savings (SMSF etc) decreased by -$7,149 (-0.45%) to $1,589,553

Est. of Home valuation (my half) increased by $17,879 (1.74%) to $1,048,105.Conversely,'other real estate' (my 'lake house' and the investment apartment) decreased by -$20,825 (0.54%) to $2,052,532. 1

The outstanding balance of the investment property mortgage is $999.993. The bank credited a small adjustment, so the loan balance decreased to slightly below the $1MM. I have about $136K sitting in the loan offset account (which is included in the stocks/cash figure), which helps reduce the monthly interest charged.

Other assets (my online depository bullion account at  Perth Mint, and the bullion value of my gold and silver proof coin collection) increased by $1,077 (2.99%) to $37,067.

Overall, NW decreased by -$4,093 (-0.10%) to $3,945,693 during August. With a dip at the start of the month being recovered by month's end

The tenants of my investment apartment paid 6 weeks rent during August, so have basically caught up with their arrears. So I am glad I told the managing agent to not proceed with a lease termination notification unless they fell more than two week's behind again. The managing agent has a bit of a conflict of interest in this matter, as a change of tenants means I would have to pay one week of rent as a fee for finding a new tenant and additionally pay for some 'advertising' for new tenants (which is basically advertising for the management company paid for by their clients!).

Subscribe to Enough Wealth. Copyright 2006-2023