Tuesday, November 1, 2011

October Net Worth

As of the end of October our Net Worth increased to $934,004 from $868,690 for the month which is a 7.52% increase. The increase in net worth is tied to the increase in the stock market for the month. The S&P 500 was up 10.93% for the month of October.

The breakout is as follows:
ASSETS
Retirement Accounts $484,450
Taxable Accounts $134,877
Cash $33,000
Home $205,000
Other Real Estate $137,500
Cars $19,000
Personal Property $3,000
Kids 529 Accounts $41,622

DEBT
Other Mortgage $111,274
Car Loan $11,436
Credit Card $1,900

NET WORTH
$934,004

Here is the summary for this month:

The stock market was up for the month of October. The S&P 500 was up 10.93% for the month and that accounted for most of our increase in value.

We now have $2,400 in credit card debt that is interest free for 12 months. The money was used to furnish our new investment condo. We will continue to use our other credit cards for rewards but payoff the balances each month. All dividends received this month went toward paying down debt.

We also have a car loan for $11,436 since we purchased a new car.

We will be paying down debt and trying to 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. We continue to fund our Roth IRA's each month.

I will post my Dividend Income Update on Wednesday.

1 comment:

PENNY STOCK INVESTMENTS said...

Net worth went down a little.