Net Worth Update (-2.3%)

by iam1percent on October 2, 2014 · 0 comments

Click here to see my current net worth. The month of September ended down.  Overall, my net worth decreased by $42,907 since my last update early September.  The reasons for the sharp decline are as follows:

  • I am selling one out of my 2 rental properties.  I put it on the market for $199,900 at the end of August and received an offer of $193,000 a week later.  The offer was much less than what I valuated the property in my net worth statement ($200,000).  That said, I adjusted the value of that real estate to reflect its true selling price minus broker commission fees (5% of selling price)
  • Stock market declines through 9/30/2014.

We continue to not collect income from my wife’s part time job, but she went back to work in September so her September paycheck will arrive in mid-October which will help.  Additionally, the stock market declined in September.  As I write this, the market has declined even further which has pushed my net worth below $1.8 million.  Its a bit depressing, but it was inevitable.  I’m in it for the long haul and continue to buy stocks on a weekly and monthly basis.

As stated in a prior post, I have opened up two taxable investment accounts with Betterment and Wealthfront.  So far, they are performing as expected relative to the market, but I will have them broken out on my net worth page so you can track the results of these two companies.

How did you do in the month of September?  Also, see how the rest of the other personal finance bloggers are doing by heading over to Rock Star Finance.

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Net Worth Update (+2.6%)

by iam1percent on September 2, 2014 · 4 comments

Click here to see my current net worth. The month of August ended up.  Overall, my net worth increased by $47,793 since my last update early August.  My net worth would’ve been about $10,000 higher had it not been for

  • $5000 in repairs at my rental property
  • $2000 in interior painting services at our primary home
  • $3,000 diamond bracelet for my wife’s birthday (also anniversary and push present)

It helped that the stock market recovered from the July loss.  We also continue to not collect any income from my wife’s part-time job due to her maternity leave, which was planned and expected. Additionally, 1 of our rental properties has been vacant since May, so we continue to not collect any rent while paying a mortgage for that property.  I am in the process of selling it since it has been a huge headache.  I recently put it on the market 1.5 weeks ago and already have an offer.  I’ll write a post on this at a future date.

The major drivers of the net worth decease were:

  • Broad stock market gains

As stated in a prior post, I have opened up two taxable investment accounts with Betterment and Wealthfront.  So far, they are performing as expected relative to the market, but I will have them broken out on my net worth page so you can track the results of these two companies.

How did you do in the month of August?  Also, see how the rest of the other personal finance bloggers are doing by heading over to Rock Star Finance.

Thanks for visiting I Am 1 Percent. Please subscribe so that you will receive all the latest posts directly to your email!

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Net Worth Update (-1.6%)

August 7, 2014

Click here to see my current net worth. The month of July ended slightly down.  Overall, my net worth decreased by $28,698 since my last update early July.  It was a brutal month from a stock market perspective, especially at the end of last week.  We also continue to not collect any income from my wife’s part-time job due to […]

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Net Worth Update (+1.2%)

July 1, 2014

Click here to see my current net worth. The month of June ended slightly up.  Overall, my net worth increased by $22,038 since my last update early June.  Our net worth increase would’ve been higher, but my wife’s employer is changing her pay schedule, so her June paycheck won’t arrive until 7/15.  We used to get the […]

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Wealthfront versus Betterment

June 19, 2014

For the longest time, I have managed my own investment accounts. Early on, I attempted to buy individual stocks with disastrous results. After learning from this mistake, I began to invest in mutual funds without paying any attention to fees. Over the course of many years, I transitioned from mutual funds to index funds that […]

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Net Worth Update (+2.6%)

June 3, 2014

Click here to see my current net worth. The month of May ended slightly up.  Overall, my net worth increased by $45,488 since my last update early May. The major drivers of the increase were: Broad stock market gains I also was able to contribute a bit more to my wife’s SEP-IRA so that explains the […]

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Net Worth Update (-1.2%)

May 2, 2014

Click here to see my current net worth. The month of April ended down.  I honestly can’t pinpoint why it was down as the market was actually up for the month.  My investments just didn’t do as well as the market.  Overall, my net worth decreased by $22,396 since my last update early April. The major […]

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7 High Costs of Renting Out Vacation Homes

April 8, 2014

Owning a vacation home is a great accomplishment for many – whether they plan to use the properties as retirement homes, frequent personal getaways or vacation rental properties. A second mortgage for a vacation home is, of course, a debt each borrower should take on with caution to avoid excess financial risk. Vacation home buyers […]

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Net Worth Update (+3.3%)

April 7, 2014

Click here to see my current net worth. The month of March ended up due to broader stock market gains.  Overall, my net worth increased by $56,882 since my last update early March.  Keep in mind, this update is from April 2nd, and doesn’t include the blood bath that occurred in the market on Friday. The […]

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Net Worth Update (+9.4%)

March 11, 2014

It looks like I just missed the most recent update from Rock Star Finance.  I was in new hire training all last week and didn’t have time to make any updates. Click here to see my current net worth.  In short, it was my best month ever from an absolute dollar perspective.  The month of February […]

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