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Monthly Net Worth Checkpoint: May 2009 (Up again!)
Woohoo, for two months in a row our net worth has gone up! Just like last month, the increase this month is due mostly to the stock market. As a result, since I don’t think the economy has recovered yet, I’m not expecting the market to keep going up from here on out. I’m expecting more volatility in the future and with that will come more net worth volatility for us. I certainly can not predict the future though, so we’ll just have to stay diversified, keep saving and investing regularly, and hold on and see what happens.
Our assets increased 1.8%
Our liquid assets and home values decreased, but everything else (since the rest had stock market exposure) increased last month. Our stocks and mutual funds increased 15% last month (I must somewhat sheepishly admit that this is driven mostly by my stock purchases of a few months ago – my portfolio of particularly battered stocks has more than tripled since I bought it). Our 529 plans are up almost 20%, my stock options value increased 15%, and even our retirement accounts are up almost 7% (in fact, my 401k has bounced up 42% in the past two months though it is still not as high as the middle of last year).
Our liabilities decreased 0.5%
Another month and another decrease of 0.5% for our liabilities. I have still not moved on accelerating our mortgage prepayment. We’re in a bad spot now because we owe more money on our mortgage that what our house is apparently worth now…so that makes me a bit nervous. There is not really much to do about it right now though, other than keep saving up in case we need a bunch of money to refinance or sell the house (man, would that stink to have to pay money just to sell the house!)
Our net worth increased almost 6%
The net of all this is that our net worth increased again this month by 6%. That is nowhere near the crazy 15% increase of last month, but I will certainly take it! These days, anything in the positive direction is fine by me.
The plan continues as is…I will keep saving each month and continue to buy company stock, low cost index funds, fund our 529 plans, and put money into our diversified 401ks. We’re still relatively young, so the majority of our investing is done in stocks with just a bit of bond exposure. The only potential change going forward is to put more money into Vanguard index funds. We are finished paying my daughter and son’s school tuitions for the year, so I will probably look to start investing most of that while the market is still quite low compared to years past.
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Congratulations. With the stock market doing better these days, I think everyone is in better shape. I like the fact that you aren’t taking it for granted or assuming the worst is over yet. That is a good outlook during our current economic conditions.
El Cheapo´s latest blog post…Quest To Refinance – Day 1