Net Worth Statement - September 3 2007

Posted September 4, 2007 by Chuck Posted in:

Taxable Accounts:

$35,015.16 - Liquid Savings - 5.05% APY HSBC Savings Account
$15,919.44 - Stocks - Misc. Direct Investments
$5,689.86 - Stocks - Ameritrade Izone
$2,934.27 - Stocks - Zecco
$2,611.74 - Bonds - TreasuryDirect

$62,170.47 TOTAL

Retirement Savings:

$16,816.75 - ROTH IRA - Vanguard
$1,522.11 - ROTH IRA - Scottrade
$49,795.59 - 401K - T. Rowe Price

$68,134.45 TOTAL

Debts

$3,178.81 - Student Loan - AES (3.625%)
$4,575.00 - Credit Card BT - Discover (0%)
$18,359.28- Credit Card BT - BOA NEA (0%)
$20,400.00 - Credit Card BT - Upgromise (0%)

$46,513.09 TOTAL

Housing / Automobiles

$267,324.71 - Mortgage - Countrywide
$339,900.00 - Approximate Home Value
$10,588.00 - Approximate Car Value - Edmunds.com

$83,163.29 - TOTAL (Approximate Equity)

Networth Breakdown

Assets		$ Diff	% Diff
Cash	$35,015	$26,216	297.94 %
Stocks	$24,544	$621	2.60 %
Bonds	$2,611	$6	0.23 %
Retirement	$68,134	$2,291	3.48 %
Home	$339,500	$0	0.00 %
Cars	$10,588	($186)	-1.73 %
Total Assets	$480,392	$28,948	6.41 %

Debts		$ Diff	% Diff
Home Mortgage(s)	$267,324	($456)	-0.17 %
Student Loans	$3,178	($42)	-1.30 %
Credit Card	$43,334	$29,566	214.74 %
Total Debts	$313,836	$29,068	10.21 %

Net Worth	$166,556	($120)	-0.07 %

NetWorth

Summary

I did a substantial re balancing of assets this month. Most specifically adding about $25,000 in credit card 0% money which I plan to earn interest off in my savings accounts. Hopefully this will allow us some flexibility and set us up better in the future.

Market was a little better this month to me than last but still not stellar. Overall the month was pretty stagnant from a net worth perspective.

Monthly Goals

My School taxes are due at the end of this month so my cash balance is going to most certainly take a hit. Its going to be hard to avoid my third straight negative net worth which is a little disheartening. Hopefully I will rebound the following month.