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Monthly Net Worth Update: June 2009
Just like last month, our net worth has increased again (that makes three months in a row!) And just like last month, the majority of the increase has been driven by the stock market.
Our assets increased more than 2.0%
For the first time since November of 2008, the estimated value of our house (according to Zillow.com) has increased. Now, it only increased a tiny bit, but that’s better than nothing. Not many houses in our neighborhood have been selling lately, so I’m not sure why Zillow thinks the values are ticking back up. In fact, our neighbor recently got a contract on their house but had to drop their listing price quite a bit to make that happen. What does it all mean? Who knows….I never had much faith in Zillow providing an extremely accurate estimate, but I don’t have any better options either!
Except for our liquid assets, all of our other accounts increased in value this month. Our accounts with stock market exposure increased the most, but the increase in the those accounts is trending downard (in other words, this month’s increase was less than last month’s which was less than the month before that).
Our liabilities decreased 0.5%
Our liabilities dropped the typical monthly rate of 0.5%. I am still adhering to the status quo with our liabilities (well, the mortgage). I have not done anything to accelerate it nor do I have any imminent plans to do so. Actually, a few months back I was investigating the idea of implementing something like one of those Money Merge Accounts where you use a home equity line of credit to speed your mortgage payoff. I didn’t get very far into that though since I can’t get a HELOC with the amount of equity I currently have in my house (approximately $0).
Our net worth increased another 6.5%
The percentage increase of our net worth was identical to last month’s increase. I am not making any drastic changes to our plan going forward. I am continuing to save and invest according to the current plan. I know, that’s boring…but boring has been working pretty well the past few months as our net worth has increased almost 33% since the low point in March (though I have not yet gotten back to the high point I hit last summer).
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