Well it is 3 days after the 2020 Election and we still do not have a winner. I predict it will be over soon in our hearts and minds. However, I also think it will take weeks in the courts. Damn Lawyers!
Let’s share another good meme I’ve seen over all this hub-bub;
Being as how my Net Worth hit and all time high, I have a weird feeling this will also be a high water mark for some time.
The relationship between politics and the markets is yucky. ‘No Blue Wave‘ has Bank stocks down because no big stimulus they can rake in and health care stocks are way up b/c no hope of UHC. There is a ton of distasteful conclusions to draw once you start sifting through the relationship between who wins and what stock sectors react.
The legalization of recreational pot in my state has done much to counteract my stress about the state of the world.
I hope you are all doing OK out there.
2020 Election Net Worth equals total Assets minus total Liabilities.
Total Assets: $2,736,031 + $ 47,228 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; $455,740 down – $1,839 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% (This is the cause of the bump UP in Debt)
Student Loan Paid off!
HELOC; Current APR 3.49%
2020 Election NET WORTH; $2,280,291
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.
Don’t Let Perfect be the enemy of Good.