Net Worth: June 2012

Last month sucked. Well. that’s not entirely true. The month before sucked because our net worth dropped nearly $8,000 with the purchase of our new to us Honda Pilot. This month sucked because the stock market decided to take a dump all over our net worth. Awesome.

A$$ets:

Checking Account: $3,089; (change not shown since money is constantly in and out of this account). We finally got our $2,500 reimbursement check from the dealership that they owed us after we cancelled that stupid extended warranty I got suckered in to purchasing. Wow that was a terribly long sentence. Nothing else too exciting going on in the checking account.

Savings Accounts: $67,833; +2,666. Can ya guess where that growth came from? You’re spot on if you guessed from the reimbursement check. Other than that, we didn’t make much progress since we had to pay a $9,000 credit card bill in full.

Roth IRA: $26,153; $2,193. WTF!? Seriously stock market? Get your crap together. I started investing in 2007, right as the markets turned. I would like just a little taste of what a “normal” investing year is like. Stay the course Ninja, stay the course. One day this will all pay off….right? (don’t answer that StackingCash :))

TSP (401K): $31,703; -$1,810. This loss hurts more than my Roth. Why? Because I still managed to lose $1,800, even after adding $700 to my 401k last month. That hurts bad. REAL BAD. How do you homeowners do it every month? Put money in something that is tanking in value?

Liability <—– love that it’s singular :

Credit Card: $1,828 (change not reflected since balance is paid off each month). It feels awesome having this thing down to a much more manageable level. Like I mentioned earlier we had to make a $9,000 credit card payment a few weeks ago to pay off the $7,500+ I was able to charge to our card when we bought the car. I never thought I’d say this, but I’m actually PUMPED to have an $1,800 bill. 

So the markets decided to have explosive diarrhea, but we were able to keep our expenses relatively low and stockpile some cash. What does all this mean for our net worth? A quick check shows that we are sitting at $127,819, which means we squeaked out a $231 gain over the previous month. Nothing to write home about, but at least it was in the right direction.

Stocks blow,

Ninja

p.s. You can see all of my net worth updates here.

17 thoughts on “Net Worth: June 2012

  1. awesome that you were able to gain $215 despite some terrible blows. That’s great news.

    Have you ever thought about using your Roth to invest in regular stocks? The 401K you can’t control that way, but with your Roth it should be possible. You might get better results if you pick your own.

    Then again, investing is risky as I’m sure you know. If you are going to go that route, you will need to do a some research and homework.

    • It depends on your 401k manager on what you can trade. Mine allows me to trade individual stocks along with a ton of Mutual Funds. You’re right though, a lot of research needs to be done when picking individual stocks, and it is very time-consuming.

  2. Your sentiments about the market mirror mine. I got my ass kicked in the paper asset portion of my portfolio. Get your @#$& together Europe!

  3. As of right now the Dow is down 227 points. Pundits will tell you to buy right now because the market is “on sale.” It is tempting for me these days because all of the financial companies and bloggers are telling me dollar cost averaging FTW. Even so, I stay the course and keep out of the market because to me it is gambling regardless of historical data. My only concern is when you decide to lower risks and eventually pull out of the market totally will it be higher than it is now? Good chance but it is not impossible for the market to crash again just before you start to “lower risks.”

    On a side note, the Facebook IPO debacle just tells me that the entire market is fixed by those in power and not truly a free market. Too much insider information and corruption will keep me out of it. I’m pure and simple with personal finance. My rate of return is spending less than I make 🙂

    • There is no guarantee of anything, Cash. There are elements of risk associated with all types of money – which is why you diversify. (And which is why I’ve suggested to Ninja, even at his age, could put 10-20% of his holding into bonds. He won’t listen 😉 But while markets rise and fall, cash is always subject to inflation – which tells me that if you’re pursuing a pure-cash strategy, you’re not only not diversified, but you’re taking a lot of risk.

      • Go big or go home! Or is it go big or go broke? Haha. As I get older I will definitely get less aggressive but I plan to stay “all in” until I’m at least 30.

      • At least I know the risk of inflation regarding cash. Also I do believe that inflation can be controlled via interest rates which is more predictable. The stock market is controlled by insiders…imho…

        If we cannot trust our cash, then we all will have bigger problems to worry about, like a revolution or a war. Then bullets and guns will be the most valuable asset…

  4. I agree with you that the markets took everyone for a ride this past month. One thing I note on your breakdown is that the values you present do not sum to the Net Worth you site. Perhaps there is something hidden within the numbers, but your assets minus liabilities calculation is $126,950. Hate to be a downer because I love your blog, but want you to be aware.

    Good job keeping thos savings boosted while buying a car!

    • Good catch on the NW totals. I was wondering if that was ever going to be addressed. The difference is accounted for in a PayPal account I have, but don’t include it is a separate account in my NW updates since it is neither a checking or savings account. Maybe I’ll just roll that addition in to my checking account updates from now on just so there isn’t further confusion!

  5. With the TSP (401 k) It doesn’t bother me because I know I’m buying more for my money when the market goes down. Also it’s not a loss till you sell it.

  6. WTF stock market is right. I started investing in 2006/2007 also, and it’s been one heck of a ride so far. I really wonder if there is a such thing as “normal markets” anymore. I’m leaving my cash in because it’s the only chance I have to one day be wealthy, but it sure it painful to watch all that hard-earned money just disappear!

  7. I think homeowners are able to invest in something that is tanking in value because the value they see in it isn’t monetary. Like when I do invest in the home. I won’t care much about the value of it after I purchase it. I’m buying it for a “home” not a house or any kind of investment.

    On your net worth. Any increase is a good increase no matter how small. I think you are doing awesome.

  8. We’ve been hoarding cash for the downpayment of the home we are having built, so we took a stock hit, but mainly just socked away some more cash. I think our net worth went up a few thousand dollars…but no worries, in 3 months, we will be writing a $50,000-$55,000 check and it will all go bye-bye…

Comments are closed.