May Net Worth Update

As of the end of May our Net Worth decreased to $798,207 from $839,955 for the month which is a 4.97% decrease. The drop in net worth is tied to the stock market drop in May.

The breakout is as follows:
ASSETS
Retirement Accounts $397,431
Taxable Accounts $128,700
Cash $23,342
Home $205,000
Cars $7,800
Personal Property $3,000
Kids 529 Accounts $32,934

Here is the summary for this month:

The stock market had it's worst May since 1940 with an 8% decline. My stock account went down 7.9% and my retirement accounts went down 6.9% for the month of May. The market reacted to the fear created by the growing debt problems of Greece even thought the US economy had some positive signs of growth.

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 $924 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 Wednesday.