Here is my net worth update for April.
Total Net Worth: $78,438.06
Total Assets: $83,138.56
- Banking: $16,771.78
- Investments: $66,366.78
Total Liabilities: $4,700.50
- Credit Cards: $4,700.50
My net worth grew 6.8% from March 1st. I attribute this fact to the rebound of the stock market after the Federal Reserves lowered interest rates to stimulate the economy. In addition, I received a bonus for my 2007 performance at work. It was equivalent to a 2 week paycheck, $2100 pre-tax.
One figure that does stand out is my liabilities decreased by 57%, from $10,904 to $4,701. I was carrying a credit card balance on a 0% APR promo, and because the offer was about to expire, I paid it off. I did not want to open another credit card with the same promo because I am maintaining my credit history as I enter the housing buying market.
Showing posts with label net worth. Show all posts
Showing posts with label net worth. Show all posts
Tuesday, April 1, 2008
Sunday, March 2, 2008
March Net Worth
I just logged into Yodlee Moneycenter to check my net worth for March. Here are the figures.
Total Net Worth: $73,337.00
Total Assets: $84,241.07
- Banking: $19,615.75
- Investments: $64,625.32
Total Liabilities: $10,904.07
- Credit Cards: $10,904.07
Overall my net worth from February to March went down from $84.7k to $73.3k. That is a decline of 13.5%. My banking and credit cards remained relatively the same. The drop in my net worth is due to the investment categories. The investment category includes 401(k), Roth IRA, bonds, mutual funds, individual stocks, and stock options. I am currently not balanced with a proper asset allocation in the investment category.
My investment category is heavily weighted with one company. It is for the company I work for because of all the stocks I accumulated from the employee stock purchase plan and also from stock options. So when the market took a tumble, so does my company, and so does my net worth. But when the market increases, so does my net worth. It is a risk I am willing to take right now. As prices increases, I do sell off company shares and move it towards better balancing my asset allocation.
Total Net Worth: $73,337.00
Total Assets: $84,241.07
- Banking: $19,615.75
- Investments: $64,625.32
Total Liabilities: $10,904.07
- Credit Cards: $10,904.07
Overall my net worth from February to March went down from $84.7k to $73.3k. That is a decline of 13.5%. My banking and credit cards remained relatively the same. The drop in my net worth is due to the investment categories. The investment category includes 401(k), Roth IRA, bonds, mutual funds, individual stocks, and stock options. I am currently not balanced with a proper asset allocation in the investment category.
My investment category is heavily weighted with one company. It is for the company I work for because of all the stocks I accumulated from the employee stock purchase plan and also from stock options. So when the market took a tumble, so does my company, and so does my net worth. But when the market increases, so does my net worth. It is a risk I am willing to take right now. As prices increases, I do sell off company shares and move it towards better balancing my asset allocation.
Friday, February 1, 2008
February Net Worth
Well my Net Worth is down compared to January 1st, but for the sake of my blog, February 1st will be the first starting point of my financial progress. To keep track of my financial accounts, I use Yodlee Moneycenter. It is like a free web-based version of Microsoft Money or Quicken.
Total Net Worth: $84,737.67
Net Worth Breakdown:
Total Assets: $94,769.22
- Banking: $18,561.19
- Investments: $76,208.03
Total Liabilities: $10,031.55
- Credit Cards: $10,031.55
My Banking category includes everyday checking and savings, online savings accounts, and certificates of deposit (CD). My Investments categories includes 401(k) accounts, Roth IRA, Employee Stock Purchase Plan (ESPP), company stock options, stocks, and bonds.
Lastly, my Liabilities category only has credit cards. I do not carry a mortgage or have any outstanding debt such as a car payment. My credit card balance may seem high, but in 2-3 months should be back to normal. I was carrying a large balance at 0% interest, but otherwise, I pay off all my credit cards in full each month.
Next month, I will discuss any changes and breakdown the categories even further. This month was just creating a baseline.
Total Net Worth: $84,737.67
Net Worth Breakdown:
Total Assets: $94,769.22
- Banking: $18,561.19
- Investments: $76,208.03
Total Liabilities: $10,031.55
- Credit Cards: $10,031.55
My Banking category includes everyday checking and savings, online savings accounts, and certificates of deposit (CD). My Investments categories includes 401(k) accounts, Roth IRA, Employee Stock Purchase Plan (ESPP), company stock options, stocks, and bonds.
Lastly, my Liabilities category only has credit cards. I do not carry a mortgage or have any outstanding debt such as a car payment. My credit card balance may seem high, but in 2-3 months should be back to normal. I was carrying a large balance at 0% interest, but otherwise, I pay off all my credit cards in full each month.
Next month, I will discuss any changes and breakdown the categories even further. This month was just creating a baseline.
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