Net Worth Statement - December 1 2008 (-3.02%)

Posted December 1, 2008 by Chuck Posted in:

Net Worth

Taxable Accounts:

$469.12 - Liquid Savings - 3.0% APY HSBC Savings Account
$13,000.45 - Savings - 2.90% APY Countrywide Savings Account
$6,549.94 - Checking - 2.2% APY Schwabb Investor Checking Account
$11,069.78 - Stocks - Misc. Direct Investments
$2,560.09 - Stocks - Ameritrade Izone
$1,760.54 - Stocks - Zecco
$2,730.62 - Bonds - TreasuryDirect

$38,140.54 TOTAL

Retirement Savings:

$11,947.70 - ROTH IRA - Vanguard
$509.36 - ROTH IRA - Scottrade
$41,606.40 - 401K - T. Rowe Price

$54,063.46 TOTAL

Debts

$2,589.17 - Student Loan - AES (3.625%)
$14,850.00 - Credit Card BT - BOA MC (0%)
$15,886.04 - Credit Card BT - BOA NEA (0%)
$4,405.39 - Credit Card BT - Bank Atlantic (0%)
$12,219.72 - Credit Card BT - Upromise (0%)

$49,950.32 TOTAL

Housing / Automobiles

$260,181.97 - Mortgage - Countrywide
$339,500.00 - Approximate Home Value
$8,037.00 - Approximate Car Value - Edmunds.com

$87,173.92 - TOTAL (Approximate Equity)

Networth Breakdown

Assets		$ Diff	% Diff
Cash	$20,020	$4,076	25.56 %
Stocks	$15,390	($2,255)	-12.78 %
Bonds	$2,730	$0	0.00 %
Retirement	$54,063	($6,010)	-10.00 %
Home	$339,500	$0	0.00 %
Cars	$8,037	($314)	-3.76 %
Total Assets	$439,740	($4,503)	-1.01 %

Debts		$ Diff	% Diff
Home Mortgage(s)	$260,677	$0	0.00 %
Student Loans	$2,589	($44)	-1.67 %
Credit Card	$47,361	($443)	-0.93 %
Total Debts	$310,627	($487)	-0.16 %

Net Worth	$129,113	($4,016)	-3.02 %

NetWorth

Summary

Well yet another down month for the market pulled me down. Retirement went down 10% (really more than that considering I was putting in contributions during this time). Stocks went down as well but that number is a little deceptive because I was forced out of my Wrigley position due to them going going private. I was able to build up my cash positions a bit which is always helpful around the holidays.

Pretty depressing to see my net worth back down to the levels it was 2 years ago when I started this blog and tracking process.

Monthly Goals

Continue building cash reserves. Think about locking in some losses for tax purposes before the end of the year.