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Net Worth Update

April 1st, 2008 at 02:52 pm

Well, my net worth is up about $2k for the quarter. Not bad...

Mortgage - paid $933
Cash - Up $1333

& that is most of it. My investments are quite breakeven. We put in $2100 this year (to retirement) and that looks about exactly how much we have lost in the market this year.

Down about 5%? (Rough guess from those numbers. My investments include a decent amount of cash. I know my mutual funds are all down more than that. But the cash is helping I guess).

I wasn't really sure what to expect.

Second quarter is always a good quarter for us, as I get my overtime bonus. This year we will get the stimulus rebate as well.

Likewise, $2k/quarter is about the minimum I would want to be at, as far as net worth progress. So I am relieved it wasn't worse! & expect a pretty solid second quarter (as we will plump up our cash savings considerably).

Here's to the second quarter!!

I also updated my cash balances to the left. In April I am mailing out $4k in checks - IRS, property taxes, and life insurance. Anyway, so I have a big fat negative in my short-term savings for the interim, but generally don't touch it in May or June (so will replenish it soon enough). Plus $1k or so for the IRS was completely unexpected, and I am using the stimulus payment to replenish $1k of the short-term fund, when it arrives.

I guess the money comes out of the efund in the interim. (For the long-term I expect the mid-term fund to float negatives in the short-term fund. Just inevitable since the short-term fund is an escrow I budget annually, but the expenses fall where they may. Since it also covers the unexpected. Ideally it does. I just don't have much money in that mid-term fund yet. Soon enough...).







1 Responses to “Net Worth Update”

  1. PauletteGoddard Says:
    1207319712

    We lost $660 between the end of January and the end of March. We deposited only $800 into retirement so far this year. If gold hadn't sunk down to $930/ounce I'd be holding steady.

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