Wednesday, December 05, 2007

November 07 Recap: Net Worth

How did I fare in November? Not all that well, but I guess it could have been worse. Here's how my net worth stacked up at the end of the month:

Cash, CDs and Bank Accounts: $29,216

E*Trade $16,583 (this is almost $2k less than last month)
Bonds $4,583

Retirement (401K and Roth IRA): $220,290 (this is about $12k less than last month)

Misc. Foreign Currency: approx. $30 (maybe less. I haven't updated exchange rates!)

Home Equity: $84,339 (home value less mortgage balance)
Credit Card: -$2,364 (always paid in full each month)

Total Net Worth: $352,677

At the end of October, my net worth was $365,383, so I'm down $12,706, or 3.5%. My investments took a slight bounce back up at the end of the month, which is why I say it could have been worse! And my losses for the month were entirely in my stock and mutual fund investments. I did save some cash during the month, which I'll detail in the next post. Obviously this is disappointing, but you've got to roll with the punches. I will hopefully still meet my original goal of a net worth of $350,000 at year end, even if I miss my revised goal of $370,000. And soon I'll have to figure out my goals for 2008! Onward and upward!

1 comment:

SingleGuyMoney said...

Looks like you had a rough month too. Hopefully, December will be better for all of us.