(+3.65% Month / +25.76% YTD) April 2009 Networth
April Highlights
- Finally the financial markets have decided to give back a little of the massive losses we have been suffering over the past year. It was nice to have a second month in a row of increases in our equity accounts. I may be a pessimist, but I don’t think we are quite out of the woods yet. We may have bottomed out when the Dow hit around 6,500, but I think it’ll be a quite a few years before we are back above 10,000 levels.
- I have been keeping our house value constant since our purchase last December, but I think I may start to change the value every quarter or so. This is one of those assets that is extremely hard to value until you actually sale it. Right now I have simply valued it at what it appraised for which was about $20,000 more than the purchase price. This may be a little aggressive so I’ve been looking at some different value models and may start using one of those in future months. However, in the end it will still be just a guess, but I would assume it will be much more conservative than my current valuation.
– We did see a significant decrease in our cash account this month, but that was because we had a pretty decent size credit card balance that we had to pay off. We are still trying to finish up the last few fix-ups around the house, so hopefully in the next couple of months we’ll have a lower outstanding balance at the end of each month. Our last major project is the backyard and if all goes according to plan I’ll have that done, by the end of May. We’ve decided on a budget of around $2,500 to finish the backyard. This seems reasonable considering I’ve got to pretty much do everything from sprinklers and drain pipes to laying edging and sod.
- We hit the halfway mark of our goal to increase our Networth 50% for the year and we are only 1/3 through the year. With a little help from the markets and continuing to follow our plan, we should be able to hit our goal.
To see the path to our current networth position as well as our other monthly statements check out the “Networth Page“
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