Monday, July 7, 2008

June Net Worth Update - Ugly

As of the end of June our Net Worth decreased to $769,705 from $826,310 for the month which is a 6.85% decrease.

The breakout is as follows:
Retirement Accounts $366,344
Taxable Accounts $111,312
Cash $45,268
Home $205,000
Cars $15,000
Personal Property $3,000
Kids 529 Accounts $23,781

Here is the summary for the month:

Our Net worth decreased in June by one of the largest percentages I can remember. I once again made additional purchases of bank and financial stocks this month. Our dividend stocks and retirement accounts both decreased by over 9% 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.


MG (moneygardener) said...

You are not alone my friend. My next nw update is in 8 days and it will be ugly as well.

Dividend Growth Investor said...

June 2008 was one of the worst Junes since 1930.
Most people at my work are afraid to even open their 401k's statements, let alone do anything baout it..

The Div Guy said...

MG and DGI,

At least I can take solice in my dividend income increasing. I just hope ACAS and BAC don't cut their dividends.

MBL said...

High level of cash... That is one thing I agree because I noticed now that the window of opportunity is present for buying low and selling high, I wish I had the cash. I am working on it though.

The Div Guy said...

I have a high level of cash to fund Roth IRA's for my wife and me for 2008 and 2009. I am also saving to pay cash for our next car.


Its getin ugly out their.