Click here to see my current net worth. Overall, a decline in net worth of $22,377 since my last update early May.
The only major driver of the decline was:
- A huge loss on investments due to the market decline
This month was pretty bad from a stock market perspective. All the gains made in April have been totally wiped out, but we’re in it for the long-haul so I’m not too worried….yet. We used a portion of our cash reserves to pay off our last auto loan and we don’t intend to take out auto loans moving forward. We will pay for all future vehicles with cash. Overall, I’m content with the results considering the turbulent market.
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{ 5 comments… read them below or add one }
Similar story here, except that investments are a much smaller portion of my net worth, so I didn’t see a decline, but a much smaller increase than expected.
Leigh recently posted..May 2012 net worth update (+1.0%)
To be expected but I’m glad you don’t panic and get out of the market. Buy more and it’ll come back up eventually.
Lance@MoneyLife&More recently posted..Why I Use Credit Cards Instead of Cash
Here’s to hoping June is a much better month for the markets (though it certainly isn’t off to a good start!)
Her Every Cent Counts recently posted..Stocks Down $3000 Today & May Investing Highlights
Not too shabby considering everything. You’re still in the 7 figures camp
My portfolio followed the market as well and about 70% of my net worth is in stocks right now. I just took out a big $10,000 investment loan because I think this is a good time to start accumulating even more equity.
Liquid recently posted..Easy Grocery Savings – Part 2
Nice to know you keep calm because to my mind this is the best behavior in situations like yours. Actually, the things are not so bad for you and it will go better in the near future.
Serg recently posted..Things to Know about Payday Loans Canada