Tuesday 1 October 2024

Net Worth - SEP 2024

Chart updated to end of SEP in sidebar.

Stocks/cash increased $1,593 (+0.55%) to $293,163

Retirement savings (SMSF etc) increased by $31,493 (+1.70%) to $1,889,419.

Est. valuation of our home (my half) increased by $7,126 (+0.59%) to $1,211,345. The 'Other real estate' (my 'lake house' and the investment apartment) also increased by $1,429 (+0.07%) to $2,161,645. The estimated value of my investment apartment actually dropped, but this was offset by an increase in the estimated valuation for my 'lake house'.

Other assets (my online depository bullion account at Perth Mint, and the bullion value of my gold and silver proof coin collection) increased by $1,587 (+3.51%) to $46,865 due to a spike in gold and silver prices..

Overall, NW increased by $43,228 (+0.95%) to $4,610,452 during September.

The Perth Mint Online Depository website has a new Portfolio History view that I hadn't noticed before (it might be a new feature) that looks quite nice. But the overall upwards trend is mostly due to my regular savings plan (which I resumed a few months ago, after pausing for a while. The plot of monthly bullion prices gives a better indication of how gold and silver prices have done quite well since I opened the account (although Platinum has been rather disappointing -- starting out relatively cheap compared to its historic price relative to gold, and not improving at all. I have no idea why platinum is doing so poorly -- I thought it had a better use-case compared to gold, but that might mean it is simply priced as an expensive commodity for industrial use, so doesn't benefit from the same speculative pressures as gold and silver? I might increase my monthly savings plan by $100/mo and resume making monthly Platinum purchases, but it is less convenient to buy Platinum than gold or silver, as you can only setup an automatic purchase schedule for gold and silver, but platinum purchase orders have to be entered manually during trading hours.



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