As of the end of May our Net Worth increased to $826,310 from $816,284 for the month which is a 1.23% increase.
The breakout is as follows:
Retirement Accounts $404,686
Taxable Accounts $124,113
Cash $49,624
Home $205,000
Cars $15,000
Personal Property $3,000
Kids 529 Accounts $24,887
Here is the summary for the month:
Our Net worth increased in May for the second month in a row after a five month decline. I once again made additional purchases of bank and financial stocks this month. Our dividend stocks and retirement accounts both increased for the month. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. I continued funding our Roth IRA's this month. I am keeping a high level of cash that I will use to fully fund our Roth IRAs for 2008 and 2009. I also have a savings account to fund the replacement of my wife's car in four years. Again, we have no debt at this time.
I will post my Dividend Income Update tomorrow.
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With the market in the tank, any positive movement is a good thing!
Best Wishes,
D4L
D4L,
I am hoping we have hit a bottom.
why so much cash?
[...]DivGuy shared his May Net Worth Update and May Dividend Income Update[...]
MG,
I have money for our Roth IRA contributions for this year and next, I have set up an account to pay cash for our next car. I will also need two new air conditioning units next year, as well as a trip to Europe.