As of the end of March our Net Worth increased to $817,000 from $795,239 for the month which is a 2.74% increase. The stock market has put together two good months and we are now at a high since May 2008's $826K. This is also close to where we were on April 2007.
The breakout is as follows:
ASSETS
Retirement Accounts $408,365
Taxable Accounts $137,403
Cash $21,926
Home $205,000
Cars $8,000
Personal Property $3,000
Kids 529 Accounts $33,306
Here is the summary for this month:
What a difference a year makes, this time last year everyone was in a panic about the stock market drop. I continued to purchase stock throughout 2009 and we now have a nice rebound. Our Net Worth increased the past month due to an increase in the stock market. We are still debt free since we paid off our credit card debt. We will continue to use our credit cards for rewards but payoff the balances each month. I received $568 in dividends for the month and have used the cash from these dividends to make additional stock purchases of our dividend stocks but I have not been adding much extra money.
We will be building up our cash over the next few months to increase our cash reserves. 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 each month.
I will post my Dividend Income Update on Monday.
1 comments:
Have you looked at some closed end funds that pay a monthly dividend? Something like VKI or VLT? Two Van Kampen funds that pay $0.05-0.07/share and $0.11-0.14/share respectively.
I figure just get a few hundred thousand of these shares and that will generate $30k year on a regular basis.
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