Friday, 3 January 2025

Net Worth - DEC 2024

Chart updated to end of DEC in sidebar.

Stocks/cash decreased -$18,263 (-5.91%) to $290,675 but this was mostly due to my using $20K from my mortgage offset account to make a non-concessional contribution in super. I will do a similar contribution every month for the rest of the FY, so I max out the NCC cap for this FY, as I will have a $0 NCC cap in future years (probably) due to my TSB being too high.

Retirement savings (SMSF etc) increased by only $2,045 (0.1%) to $1,965,189. Despite my normal SGL contributions and the extra $20K NCC.

Est. valuation of our home (my half) increased slightly by $1,296 (0.11%) to $1,194,503. However he 'Other real estate' (my 'lake house' and the investment apartment) decreased by -$12,239 (-0.56%) to $2,183,231.

Other assets (my online depository bullion account at Perth Mint, and the bullion value of my gold and silver proof coin collection) increased by $2,425 (4.87%) to $52,228 due to a resumption of the gold and silver upwards trend during December..

Overall, NW decreased somewhat by -$24,736 (-0.52%) to $4,693,835 during December, so I didn't finish 2024 on a record high. However, my NW still increased by $0.5M during the past year, so I can't complain ;).

As usual I have no idea how things will turn out during 2025, so I will just stick with my investment structures, long term asset allocation, and usual saving and expense budget.

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