|
Assets |
May-09 |
Jun-09 |
Change |
% |
|
Cash & Savings |
$ 39,098.57 |
$ 38,322.96 |
$ (775.61) |
-1.98% |
|
Taxable Brokerage Accts |
$ 70,396.82 |
$ 74,502.17 |
$ 4,105.35 |
5.83% |
|
Roth IRAs |
$ 40,331.92 |
$ 41,212.77 |
$ 880.85 |
2.18% |
|
Pre-tax Retirement Accts |
$ 144,495.48 |
$ 153,177.34 |
$ 8,681.86 |
6.01% |
|
Stock Options |
$ 10,344.00 |
$ 10,920.00 |
$ 576.00 |
5.57% |
|
ESPP |
$ 28,922.23 |
$ 29,188.16 |
$ 265.93 |
0.92% |
|
House #1 – Rental |
$ 160,000.00 |
$ 160,000.00 |
$ - |
0.00% |
|
House #2 – Rental |
$ 128,225.00 |
$ 128,225.00 |
$ - |
0.00% |
|
House #3 – ??? |
$ 106,510.00 |
$ 105,910.00 |
$ (600.00) |
-0.56% |
|
House #4 – Primary |
$ 300,000.00 |
$ 300,000.00 |
$ - |
0.00% |
|
Receivable (Payable) |
$ - |
$ - |
$ - |
|
|
Other Assets |
$ - |
$ - |
$ - |
|
|
Total Assets |
$ 1,028,324.02 |
$1,041,458.40 |
$ 13,134.38 |
1.28% |
|
Liabilities |
|
|
|
|
|
Credit Card Balances |
$ (2,258.85) |
$ (1,963.73) |
$ 295.12 |
-13.07% |
|
House #1 Mortgages |
$ (113,930.23) |
$ (114,715.46) |
$ (785.23) |
0.69% |
|
House #2 Mortgages |
$ (96,761.16) |
$ (90,161.16) |
$ 6,600.00 |
-6.82% |
|
House #3 Mortgages |
$ (87,885.60) |
$ (87,885.60) |
$ - |
0.00% |
|
House #4 Mortgages |
$ (240,102.56) |
$ (240,102.56) |
$ - |
0.00% |
|
Rental Deposits |
$ (4,135.23) |
$ (5,610.23) |
$ (1,475.00) |
35.67% |
|
Additional Tax Liability |
$ (3,723.84) |
$ (3,931.20) |
$ (207.36) |
|
|
Other Liabilities |
|
|
$ - |
|
|
Total Liabilities |
$ (548,797.47) |
$ (544,369.94) |
$ 4,427.53 |
-0.81% |
|
$2million Goal Progress* |
$ 419,629.11 |
$ 437,191.02 |
$ 17,561.91 |
4.19% |
|
Net Worth |
$ 479,526.55 |
$ 497,088.46 |
$ 17,561.91 |
3.66% |
Highlights for June
- All credit card debt (except current month’s purchases) is in the form of 0% APR balance transfers earning interest in my savings accounts. We paid off the last of our 0% balance transfers in January. The well has dried up for now, but we are ready to take advantages if any offers come our way.
- We track our real estate properties according to our cost basis (with the exception of House #3 which we may be selling soon).
- I am scratching my head a bit about the gains shown here for the month of June. My 401k gains doesn’t correlate with that is being shown on my online satement form the 401k company. I can only offer that for some reason MS money must have had a lower value at the end of May for my 401k/investments. The end of June valuation appears correct, but the gains seem higher than expected.
- We made a $6,600 principal payment on a rental property (Rental #2). As I have previously mentioned this mortgage is the primary focus of any debt repayment of our since its the highest interest rate debt we have at 6.5%. We will likely alternate between paying down this debt and making additional investments with cash flow as investment opportunities warrant.
- Im considering refi the mortgage on the Rental #2 from the 6.5% 30yr fixed to a shorter term variable equity line. I forsee us paying this debt down substantially in the next 5-7 years and see that as an opportunity to focus our monthly payments on princial payments rather than interest payments.
- At the very end of June we picked up another 5 shares of Fairfax Financial when the price dipped down. The more research I do about this company the more I love it. Why couldn’t I have found this business 5 years ago? Its a mini-Berkshire selling at below book value.
- I also signed a lease on Rental #1 this month and was able to collect a security deposit so cash is up more than normal, but its offset with the Rental deposit liability adjustment.
- Our 8 week old baby is completely consuming us – posting will remain lighter than usual until I get to sleeping a bit more.
- Investments were pretty flat for June – but still in positive territory.
You can see my previous monthly net worth updates here.
