Ok, time to do the monthly numbers again. Quicken tells me that my net worth on Oct. 31st was $365,383, an increase of 2.6%. This is excitingly close to my year-end goal, however, it's a bit suspect as when I was looking at it the other day, my 401k showed a higher balance in the net worth report than it did in another screen. Anyway, for now, I'll take it. It makes me feel a little better given how much lower it is today after the recent stock market slump.
A commenter asked me to explain the composition of my net worth in more detail, so here is the full scoop:
Cash & Bank Accounts:
- Cash $37
- Chase CD 6 mo. to 3/08 $3,034 @ 3.92%
- Chase Checking $160 @ negligible interest rate
- Chase Roth IRA CD 48 month to 4/09 $3,020 @ 4.16%
- Chase Roth IRA CD 60 month to 2/09 $2,627 @ 3.25%
- Chase Savings $3,400 @ 0.8%
- E*Trade 2-Yr CD to 10/08 $5,899 @ interest rate 4.75%?? hard to tell, for some reason E*Trade is making it very difficult to see what my actual interest rate is! But it must be in that range given what my recent quarterly interest payment was (see Rule 17 about doing the math).
- E*Trade Money Market $5,001 @ 2.5%. I will leave this here for a couple of months, probably, but I plan to close this account soon and invest the money elsewhere. This may result in my being charge a higher fee per trade in my E*Trade brokerage account, but I hardly ever do any trades, so no great loss.
- FNBO Direct Savings $11,000 @ 5.05%
- Laundry Quarters $7
- E*Trade $18,142 Return on this portfolio was 11.7% in 2006
- E*Trade Roth IRA $24,813 Return on this portfolio was 7.69% in 2006
- 401k $202,314 Return on this portfolio was 11.5% in 2006
- Treasury Direct & Bonds $4,482 This is all I-bonds, rates 3.63-4.18%
- Credit card balance -$2,646
- Home Equity $84,059
So that means about 60% of my total net worth is in stocks & mutual funds earning 7-11% last year, 17% of my net worth is earning in the 3-5% range or less, and 23% is home equity. If you look at it just in terms of my investable assets, about 77% is in stocks and mutual funds, and 23% is in cash/CDs/bonds, etc. At my age, I suppose I could nudge myself a little further into risky investments like stocks, but not too much further. I like knowing that I have secure, steady investments balancing things out-- but I do need to make sure I pay attention when my CDs mature to make sure I get the best rates available, and also watch my bank accounts to make sure I am maximizing my interest there too. I did some work on that this month, by opening the FNBO Direct account with money I'd had in the E*Trade money market account.