Current Assets: $588,284.41
Current Liquid Assets: $199,452.97
Current Debts: -$188,847.53
Net Worth: $399,436.88
The roller coaster ride for my net worth during the second half of 2014 continued with alternating months of gains and declines. Luckily though, October was an up month. What's really amazing to me is how close I am to a $400k net worth. If I would have found an extra $560 last month I'd have been there. There wasn't much to report for last month as most of the gains were attributable to savings and of course the stock markets return to all-time highs. I did invest just over $1k in my new Loyal3 portfolio but there wasn't much else to report on the investing side. I continue to make very little progress on liabilities since they are essentially just 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 the extra cash flow. However, once the FI portfolio is able to get to a self-sustaining level of dividends then I'll aggressively pay down the mortgage.
October's net worth showed a 2.61% increase from the end of September and year-to-date I've had a 24.78% increase. That's a $79,322.66 increase year-to-date. My goal for the year is to have a $125k increase but I don't see that happening unless the markets make a huge move higher. I'll need to average $22k+ increases per month over the last two months of the year, and while that's doable since I've hit those levels before, I don't expect that to happen. The net worth goal has always been a secondary goal since a lot of it is out of my control since I invest primarily in the stock market, so I'm not too disappointed about the shortfall. I'll just continue to focus on what I can control which is maintaining a high 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 October came in at 70.63% which is well over my goal of
Based on my expenses from October, my liquid savings would last for 6.41 years, a 0.33 year increase from September. The combination of declining expenses and a solid increase in net worth led to an extra 1/3 of the year I could be off from work. Not bad!
Make sure you sign up to receive new posts to your email so you don't miss anything. And be sure to follow me on Twitter@JC_PIP to get up to the minute news of new purchases for my portfolio.
How did your net worth do in October?