Net Worth Statement - November 5 2008 (-13.23 %)

Posted November 5, 2008 by Chuck Posted in:

Net Worth

Taxable Accounts:

$340.62 - Liquid Savings - 3.25% APY HSBC Savings Account
$12,496.45 - Savings - 3.50% APY Countrywide Savings Account
$3,106.85 - Checking - 2.2% APY Schwabb Investor Checking Account
$12,133.62 - Stocks - Misc. Direct Investments
$3,212.04 - Stocks - Ameritrade Izone
$2,299.39 - Stocks - Zecco
$2,730.62 - Bonds - TreasuryDirect

$36,319.59 TOTAL

Retirement Savings:

$12,721.99 - ROTH IRA - Vanguard
$693.86 - ROTH IRA - Scottrade
$46,656.83 - 401K - T. Rowe Price

$60,072.68 TOTAL

Debts

$2,632.74 - Student Loan - AES (3.625%)
$15,000.00 - Credit Card BT - BOA MC (0%)
$16,069.87 - Credit Card BT - BOA NEA (0%)
$4,365.50 - Credit Card BT - Bank Atlantic (0%)
$12,368.30 - Credit Card BT - Upromise (0%)

$50,436.41 TOTAL

Housing / Automobiles

$260,677.08 - Mortgage - Countrywide
$339,500.00 - Approximate Home Value
$8,351.00 - Approximate Car Value - Edmunds.com

$87,173.92 - TOTAL (Approximate Equity)

Networth Breakdown

Assets		$ Diff	% Diff
Cash	$15,944	($6,806)	-29.92 %
Stocks	$17,645	($4,350)	-19.78 %
Bonds	$2,730	$0	0.00 %
Retirement	$60,073	($9,590)	-13.77 %
Home	$339,500	$0	0.00 %
Cars	$8,351	($194)	-2.27 %
Total Assets	$444,243	($20,940)	-4.50 %

Debts		$ Diff	% Diff
Home Mortgage(s)	$260,677	($492)	-0.19 %
Student Loans	$2,633	($43)	-1.61 %
Credit Card	$47,804	($113)	-0.24 %
Total Debts	$311,114	($648)	-0.21 %

Net Worth	$133,129	($20,292)	-13.23 %

NetWorth

Summary

Ouch.

I knew it was going to be bad, didn’t know it was going to be this bad. We burned through a lot of cash this month since our school taxes were due, and my wife had some work related expenses that haven’t been reimbursed yet. Also, the stock market continued its nosedive further devaluing my investments.

I was able to switch some of my expiring 0% credit card debt to another 0% card which was probably the one financial highlight.

Monthly Goals

My first goal is to rebuild my cash reserves back to standard level which means adding about $2500. That may take until the end of the year. Also with the holidays coming it up there will be some additional expenses there.