Current Assets: $578,370.56
Current Liquid Assets: $193,858.26
Current Debts: -$189,078.13
Net Worth: $389,292.43
The second half of 2014 hasn't gotten off to a great start with my net worth declining in July, increasing in August but another decline in September. Nothing to really worry about but it's been a quick change from the monthly increases that I had been seeing. During the month I made just two larger purchases in my regular taxable account but also added $825 to my new Loyal3 portfolio. If the markets settle down then I should continue to make monthly gains but if volatility persists then it will depend on where we are in the cycle. Liabilities continue to make very little progress and consist of just the mortgage on our house. I don't see the point in paying extra on the mortgage given our relatively low interest rate and think we'll come out much further ahead investing extra cash flow for the time being. So we make very little progress on the mortgage each month but we are up to 21.23% equity in our home.
September's net worth was a 0.40% decrease from the end of August but year-to-date I've had an increase of 21.61%. That's a $69,178.21 increase in total. My goal for the year is to have a $125k increase but I expect that to probably be out of reach barring a big move higher in the stock market. We're a full 75% of the way through the year and I'm only 55.34% of the way towards my goal so there's a lot of work to be done over the last quarter. I'll need to average over $18,600 monthly increases, so yeah, that's not going to happen. No worries though because the net worth goal is a secondary goal since a lot of it is out of my control since I invest in the stock market. So I'll just focus on what I can control such as my savings rate and investing in high quality companies at fair prices.
I've changed the chart for my net worth to better reflect our situation now that there's significant debt on the books with our mortgage. The chart will now show both assets and liabilities as well as the net worth. I also changed the colors because I didn't notice this until April but assets were red and liabilities were green. So that's now been fixed.
My after-tax savings rate for September came in at 66.47% which is over my goal of
Based on my expenses from September, my liquid savings would last for 6.08 years, a 0.31 year increase from August. Most of the gain was due to my expenses normalizing since my net worth declined, although I did eek out a gain in my liquid assets.
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How did your net worth do in September?