In case you didn’t notice, the U.S. stock market has been skyrocketing. The Dow Jones Industrial average is hitting all-time highs. This year alone, the S&P 500 has already returned 16 percent.
If you have been sitting in the sidelines by not investing or keeping your money in the bank, you have missed out on some fairly large gains over the past four years. The question now for those individuals is “Should I invest now?” Meanwhile, the question for those in the market is “Should I pull my money out of the market now?”
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Click here to see my current net worth. Overall, an increase in net worth of $28,752 since my last update early May. Tracking back to where we were a year ago, our net worth has increased $396,326. I’m obviously pleased with the results, but wondering if that is reasonable for a family with our income level.
The major drivers of the increase were:
- Investment gains in the market
Most of the increase this month can be attributed again to stock market gains. Liabilities continue to trend downwards while assets continue to climb. I paid a small chunk down on the mortgage balance. Additionally, we went on vacation last month which reduced our gains.
How did you do this month?
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