Well at least by the time I counted it all up it was bloodbath with a lower case ‘b’.
October 2018 turned out to be truly scary!
But, we here at OthalaFehu know that the markets fluctuate. Our portfolios are designed to weather such storms. That doesn’t mean that they don’t suck. They do.
But we will ride them out for it is always darkest before the dawn and peaceful seas never made skilled sailors.
A further earmark of the soundness of our current strategy is that there were not even course corrections to make. I kept right on plowing money into stocks and did not alter any of my fund selections.
Although I did not like the cut of this month’s jib, we batten down the hatches, strike the mizzen mast, and look to ride it out.
At its height, we looked to be down over $55,000. Yikes. But with great assets come great swells.
My Dad is sitting pretty on his pile of laddered CD’s, but I am still
young not old yet and should have exposure to the markets.
Maybe we will delay updating our Net Worth over at RockStar Finance 🙂
Remember younglings, those of us old salts who remember October 2008 can tell the difference between a correction and a route. Stay Strong, this too shall pass.
Bloodbath Net Worth equals total Assets minus total Liabilities.
Total Assets: $2,171,186 down – $ 37,824 from last month.
Accounts receivable, This is a floundering business deal from 2014
Boat & Cars, Depreciating assets, but cars newish in 2015
Real Estate 2nd home/vacation rental
Retirement accounts; 2 people, 2 jobs each, 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 Acct., Started in 2015
Total Liabilities; $399,972 down – $ 475.00 from last month.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Student Loan Paid off!
HELOC; Current APR 3.49%
TOTAL BLOODBATH NET WORTH $1,771,214
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.