Net Worth Statement - November 1 2007

Posted November 1, 2007 by Chuck Posted in:

Net Worth

Taxable Accounts:

$3,806.66 - Liquid Savings - 5.05% APY HSBC Savings Account
$25,021.28 - Savings - 5.50% APY Countrywide Savings Accounts
$16,393.20 - Stocks - Misc. Direct Investments
$6,105.13 - Stocks - Ameritrade Izone
$3,089.63 - Stocks - Zecco
$2,647.58 - Bonds - TreasuryDirect

$57,063.48 TOTAL

Retirement Savings:

$18,111.93 - ROTH IRA - Vanguard
$1,306.73 - ROTH IRA - Scottrade
$56,051.88 - 401K - T. Rowe Price

$75,470.54 TOTAL

Debts

$3,094.84 - Student Loan - AES (3.625%)
$4,395.00 - Credit Card BT - Chase(0%)
$17,995.28 - Credit Card BT - BOA NEA (0%)
$7,420.18 - Credit Card BT - Juniper (0%)
$20,094.00 - Credit Card BT - Upgromise (0%)

$52,999.30 TOTAL

Housing / Automobiles

$266,406.71 - Mortgage - Countrywide
$339,900.00 - Approximate Home Value
$10,201.00 - Approximate Car Value - Edmunds.com

$83,694.29 - TOTAL (Approximate Equity)

Networth Breakdown

Assets		$ Diff	% Diff
Cash	$28,828	($3,648)	-11.23 %
Stocks	$25,588	$332	1.31 %
Bonds	$2,648	$22	0.84 %
Retirement	$75,471	$3,967	5.55 %
Home	$339,500	$0	0.00 %
Cars	$10,201	($179)	-1.72 %
Total Assets	$482,236	$494	0.10 %

Debts		$ Diff	% Diff
Home Mortgage(s)	$266,407	($460)	-0.17 %
Student Loans	$3,095	($42)	-1.34 %
Credit Card	$49,904	$3,349	7.19 $
Total Debts	$319,406	$2,847	0.90 %

Net Worth	$162,830	($2,353)	-1.42 %

NetWorth

Summary

I think I made a miscalculation in my credit card debt last month which caused the major decrease this month. In reality I think if I went back and reviewed it I am actually up net worth wise this month. Strong stock market performance certainly helped as well as steadily paying down some debts.

Monthly Goals

I have a rather large credit card bill to pay this month from some home maintenance / improvements. Hopefully I will be able to overcome that and finally have a positive month on paper. With Christmas coming up if I don’t I may not see one until 2008.