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My Net Worth - June 2008
By JD Bluefield | June 11, 2008
My Net Worth for June 2008: Although late by about a week this, was my Net Worth for the start of June. If you’d like to learn more about my net worth, how I calculate it and how you can too, check out my Net Worth April 2008 post. You’ll as find a great Excel spreadsheet, called Net Worth Calculator, I made to help you and your friends keep track of your own net worth.
My Monthly Net Worth (June 2008): Figure 1 shows my net worth from 2007 to June 2008, with monthly data-points. Overall, if you look at the bar at the top, my net worth increased by about $8,000 (+3.69%). It did peak at one point midway through May $12,000 up, but has since fallen with the price of gold and oil. (Side Note: Gold is currently down further as of 6/10 and oil has since moved further to test $140/barrel, but these numbers are June 1st number, so bear with me.) Click on the chart to enlarge.
Figure 1: My Monthly Net Worth
Here is a breakdown of how my different investments have performed.
- Savings: Savings up a little bit as there was not huge bill from the tax man this month and bank interest rates holding steady, (Emigrant, 2.75% and ING, 3.0%). My new 4.0% checking account at CPB did help a little, but marginally.
- Stocks: While my riskier stocks positioned against inflation dropped last month, they have now gone up dramatically, near or at new highs. If you read the InBev to drink Bud post, you’ll know that BUD has risen much higher in the last couple weeks, and peaked at around $57 this Friday.
- Retirement: Steady contribution, and up from last month. My TSP for June to come in a couple weeks.
- Mortgage: Still paying it off, so that’s decreasing my debt.
- Loans/Credit Cards: No loans and I pay off the balance every month so, no change there.
My Net Worth Evaluation: Overall, i attribute the rise in Net Worth to gold and oil’s rise and NOT having to fork over loads of dough to Uncle Sam.
My Yearly Net Worth Changes: Figure 2 shows my net worth from college/starting work to present day. Click on the chart to enlarge.
Figure 2: My Yearly Net Worth
In Closing: I’m not going to lie, it feels great to be back above the $500k mark, but it honestly doesn’t make a difference in the way I invest or my state of mind. I still live way below my means, spend as little as possible and try to save all that I can.
As a teaser for things to come, and a hint to my lack of posts… let me just say that over the last two weeks I significantly increased my cash reserves, decreased my liabilities and pulled the trigger on a stock purchase. As I said last month, I’m pulling cash on the said and looking for undervalued stocks. All to be revealed soon…
Topics: Net Worth |
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