<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > August 2019 net worth update
 

August 2019 net worth update

September 1st, 2019 at 09:02 pm

Assets:
NT's UK pensions:
AV: 22,397 pounds ($27,996)
SW: 28,134 pounds ($35,168)
FL: 6,462 pounds ($8,078)
NT's 401(k): $78,579
NT's Roth IRA: $37,121
AS's trad. IRA: $20,071
AS's Roth IRA: $57,186
AS's SEP IRA: $31,975
AS's cash: $2,259
CJ's 401(k): $144,812
CJ's Roth IRA: $41,317
NT's flat: $212,500 (200,000 pounds value x1.25 -15%)
CJ/NT/AS house: $427,281 ($454,554 value -6%)
---
TOTAL ASSETS: $1,124,343

Debts:
US Mortgage $377,973
Loan from friends (duplex) $9,000
UK Mortgage 1 $30,146
UK Mortgage 2 $6,355
UK Mortgage 3 $6,693
-----
TOTAL DEBT $430,167

Current Estimated Net Worth: $694,176

July 2019 estimate: $700,039

Change in net worth: -$5,863

Summary: Well, our $700K milestone was short-lived...all our accounts lost worth, and our contributions couldn't keep up. Plus, we already calculated August debt repayment in our July net worth, so we didn't have a reduced debt number to offset the market losses.

Notes on the numbers above: House value estimates are approximate. (I do have my eye on a comparable listing for the UK flat, but it's been on the market a long time.) UK pension values updated about once a year. UK asset values and debt amounts are calculated figuring $1.25 for every British pound.

2 Responses to “August 2019 net worth update”

  1. Dido Says:

    While it looks like a drop on the short-term, as long as you’re contributing and stay the course, this is just a blip. Compare the period from September 2018 thru June, for example. Things fell relatively hard, especially on Christmas Eve, but then recovered. Do you do any graphing of your Net Worth? Try Networthshare.com. I’ve been tracking my net worth online since about 2006, the same year I joined here, and the long term perspective really helps.

  2. Jenn Says:

    Dido, thanks for mentioning that site! I have used networthiq.com for years and I get the impression that the site is not well maintained. I don't want to lose my years of data though, and like you, I love to see my graph showing my progress. I also project the line forward to speculate when I expect to hit certain milestones. As volatile as the stock market feels, long-term trends are fairly consistent.

    Maybe I can export-import data from the two sites. I'll have to check it out.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]