Net Worth Update - June 2016
|June 2016 Net Worth Update|
The S&P 500 cooled down a bit during June eeking out a small increase of 0.09%. Since the majority of my net worth is tied to the performance of the markets my net worth moves in line with the markets. Although the dividends I receive help to boost my returns and my net worth increased more than the markets so that's a small win in my book. Of course a record setting month of dividends can do that as I pulled in over $900 in dividends across all of my accounts during June.
For the month our net worth increased $4,746.05.
Current Assets: $667,229.78
Current Liquid Assets: $253,603.66
Current Debts: -$184,038.95
Net Worth: $483,190.83
I'm still amazed at the improvement in our net worth so far this year considering everything that's changed, mainly getting laid off at the end of April. Our net worth has climbed higher by almost $70k through the first 6 months of this year thanks to a rising stock market and some unexpected severance pay and the back overtime pay that was paid out earlier this year. Sadly I don't expect this trend to continue as we're drawing down our cash reserves some until my wife's paycheck kicks in sometime in October or November. For the month our net worth increased 1.0% and year to date it's just 16.9%.
At this time I don't see the point in paying extra on the mortgage at this time given our relatively low interest rate as well as the tax break on mortgage payments and think we'll come out much further ahead investing the extra cash flow. So the liabilities side of the net worth equation will be slow moving. However, once the FI portfolio is able to get to a self-sustaining level of dividends then the plan is to aggressively pay down the mortgage.
As of the end of June we have 23.5% equity in our house based on our purchase price from 2013. According to Zillow our house has increased just over $15k in value from our purchase price which is a nice bonus, although I'm keeping the purchase price as the value in the net worth equations. Based on Zillow's estimate the equity in our house is 28.5% thanks to the appreciation.
The following chart shows my assets and liabilities, as well as my net worth, since January 2012. While I have accurate records for my net worth dating back to July 2010, I didn't keep track of my assets and liabilities on a monthly basis until the start of 2012.
|Net Worth History through June 2016|
Let me know what you think of the new Net Worth Breakdown graph!
|Net Worth Breakdown - June 2016|
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. If you prefer Pinterest or Facebook I'm on there too!
How did your net worth fare in June?
Image courtesy of holohololand on FreeDigitalPhotos.net.