Net Worth Statement - July 2008 (-2.21%)

Posted July 1, 2008 by Chuck Posted in:

Net Worth

Taxable Accounts:

$634.44 - Liquid Savings - 3.55% APY HSBC Savings Account
$15,509.36 - Savings - 4.0% APY Countrywide Savings Account
$6,436.82 - Checking - 2.2% APY Schwabb Investor Checking Account
$14,840.99 - Stocks - Misc. Direct Investments
$3,968.79 - Stocks - Ameritrade Izone
$3,004.75 - Stocks - Zecco
$2,710.30 - Bonds - TreasuryDirect

$47,105.45 TOTAL

Retirement Savings:

$16,711.41 - ROTH IRA - Vanguard
$1,196.91 - ROTH IRA - Scottrade
$57,923.09 - 401K - T. Rowe Price

$75,831.41 TOTAL

Debts

$2,806.19 - Student Loan - AES (3.625%)
$3,743.00 - Credit Card BT - Chase (0%)
$16,609.28 - Credit Card BT - BOA NEA (0%)
$6,887.18 - Credit Card BT - Juniper (0%)
$4,590.46 - Credit Card BT - Bank Atlantic (0%)
$18,546.00- Credit Card BT - Upromise (0%)

$53182.11 TOTAL

Housing / Automobiles

$262,629.96 - Mortgage - Countrywide
$339,500.00 - Approximate Home Value
$8,763.00 - Approximate Car Value - Edmunds.com

$85,633.04- TOTAL (Approximate Equity)

Networth Breakdown

Assets		$ Diff	% Diff
Cash	$22,581	$2,529	12.61 %
Stocks	$21,815	($2,440)	-10.06 %
Bonds	$2,710	$0	0.00 %
Retirement	75,831	($5,004)	-6.19 %
Home	$339,500	$0	0.00 %
Cars	$8,773	($1)	-0.01 %
Total Assets	$471,210	($4,916)	-1.03 %

Debts		$ Diff	% Diff
Home Mortgage(s)	$262,630	($481)	-0.18 %
Student Loans	$2,806	($43)	-1.51 %
Credit Card	$50,376	($876)	-1.71 %
Total Debts	$315,812	($1,400)	-0.44 %

Net Worth	$155,398	($3,516)	-2.21 %

NetWorth

Summary

I suppose its pretty hard to have a positive month when my stocks went down about 10%. Even with the bloodbath I took there I still managed decent gains elsewhere.

I managed to stack up some cash reserves and expect more this month when my wife is reimbursed for her recent travel.

Monthly Goals

Can’t really do anything about the stock market, and unfortunately I don’t see that turning around this month. I will just have to work towards other aspects of my finances and hope we eventually see a rebound there. I plan on using the extra cash we have to pay off some of the credit cards since the 0% will be running out soon, and I may look at another app-o-rama.