I saw a blogger tweet out how can we go on posting normal stuff during such a time of crisis. Maybe that is exactly why some people need to post normal stuff, and that reminded me of the ‘and the band played on’ from the Titanic.
Personally, I can no longer understand the markets. Stocks go up when all I can see is the economy going down. The disconnect has made me rethink what I thought I knew.
I have almost rebounded to where I was before Corona. Why, I don’t know. This feels like the start off a long Fimbulwinter, not a short blimp.
I have made a few market moves, but mostly I am hunkered down (metaphorically speaking, I actually go to work everyday) and stacking chips. If there is a smart play to make I will try to make it.
I made some passes at some real state but they are getting snatched up with the authority of someone who is sure they are right, I am not there yet.
And the Band Played On Net Worth equals total Assets minus total Liabilities.
LOOK AT THAT ‘V‘!!!
Total Assets: $2,559,695 + $ 130,579 from last month.
Accounts receivable, This is a floundering business deal from 2014
Boat & Cars, Depreciating assets, but sell-able if need be
Retirement accounts; 2 people, 4 accounts total
Brokerage account; Dividend Portfolio
College Funds; Prepaid tuition and 529 accounts or 2 kids
Bonds; ‘I bonds’ bought through Treasury Direct
Cash & Metals; 4 accounts and a security deposit box
Health Savings Account, Started in 2015
Total Liabilities; $462,490 down – $9,238 from March.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Mortgage on Rental Property; Bought in 2020 Interest at 4.75%
Student Loan Paid off!
HELOC; Current APR 3.49%
And The Band Played On NET WORTH; $2,097,205
Tracking your own net worth is perhaps the second most important thing you can do to improve your financial picture. Budgeting your expenses to see where the money goes is probably still number one.
Budgeting is like paying attention to ball game while tracking net worth is like paying attention to the baseball season.
Months can goes up or down, you need a longer picture to evaluate your progress. You are either bringing in more money than you’re spending or you are losing money each month. Tracking Net Worth is easy, useful, and addictive.