As of the end of September our Net Worth decreased to $735,643 from $776,899 for the month which is a 5.31% decrease.
The breakout is as follows:
ASSETS
Retirement Accounts $337,033
Taxable Accounts $120,230
Cash $38,244
Home $205,000
Cars $14,500
Personal Property $3,000
Kids 529 Accounts $24,036
DEBT
Credit Card $6,400
Here is the summary for the month:
Our Net Worth decreased by over 5%, most of which is from the drop in the stock market. I made additional purchases to our dividend stocks this month using the last of extra cash on September 29th. I also shifted some money on the 29th out of bonds mutual funds and into stock mutual funds. 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 a couple of years. This is the first time in a while that I have a credit card debt but I will pay the card off in 12 months with no interest.
I will post my Dividend Income Update on Thursday which is much more upbeat.
September Net Worth Update
Posted by The Div Guy | Wednesday, October 01, 2008 | Net Worth | 3 comments »
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Congrats on having the fortitude to add to your holdings in this tough market environment!
Down 5% isn't that bad when I anticipate that you've added additional income to your portfolio from those new purchases!
I am looking forward to reading your dividend income update. As a long term dividend investor i think that the dividend income is all one should concentrate on..
It was a tough month to keep from getting too excited but the dividend income does help you to keep calm during the storm.