March 2007 Net Worth Update (+1.57%)
It’s time again for a monthly net worth update – The March 2007 edition. Not many changes this month, just a slight increase in net worth due to savings.
The market drop during the end of February reduced my portfolio by about 3%, but it has since regained most of it’s losses.
Assets
Cash: $4,500
Savings: $27,960
Registered Investment Accounts: $41,645
Pension: $16,600
Non-Registered Investment Account: $45,900
Real Estate: $ 264,500 (2 properties)
Vehicles: $17,525 (2 vehicles)
Total Assets: ~$418,630
Liabilities
Mortgage Debt (from 2 properties): $175,500
Other Liabilities: $8,000
Total Liabilities: $183,800
Total Net Worth: ~$235,130
Last month, I reported a net worth of $231,500, so this months $235,130 represents an increase of 1.57% month over month and 4.97% year to date.
That’s all for now folks, happy investing and have a great weekend!
11 Comments, Comment or Ping
1. Jon Lee
Wow I think you’re looking very good at just 27~28!
Mar 30th, 2007 @ 9:28 am
2. Kevin Beitel
Quick question…
Do you own your two Real Estate properties free & clear? Under your liabilities you list only a mortgage of $175,500 and other liabilities of $8,000… for a total of $183,500. It is excellent that you have $264,000 in real estate assets, but don’t you have mortgages on those properties? The mortgages on those properties are liabilities and should go against your net worth. Regardless, I have to give you credit for your accomplishments.
Just curious…
Kevin
Mar 30th, 2007 @ 10:33 am
3. FrugalTrader
Kevin: The mortgage balance that I have in the liabilities section is the sum of the mortgage balances on BOTH properties.
Mar 30th, 2007 @ 10:50 am
4. David
FT:
It would be interesting to see a spreadsheet or graph of the changes in your balance sheet over time.
I’m also curious as to how you’re holding your savings — High interest savings account, money market funds, or other instrumnets?
David
Mar 30th, 2007 @ 12:20 pm
5. FrugalTrader
David: Yes, I’ve been contemplating using excel or something or other to improve the look of my net worth updates. With regards to my savings, they are currently in a PCF 4.0% interest PLUS account. We’re basically hording cash right now because we’re expecting to purchase a new home this year.
Mar 30th, 2007 @ 12:27 pm
6. Kevin Beitel
Wow, nice…
Have you ever tried using Intuit’s Quicken XG 2007 to track your Net Worth?
Kevin
Mar 30th, 2007 @ 3:15 pm
7. FrugalTrader
Kevin: I’ve been using Microsoft Money for eons and I am resisting change. :) I will check out Quicken to see if it helps me any.
Mar 30th, 2007 @ 3:32 pm
8. Nicolas Roy
Hello FT.
For your next purchase, will you use one of you properties as a collateral or you will rely entirely on cash?
Mar 31st, 2007 @ 2:44 pm
9. FrugalTrader
Nicolas: My next purchase will be a live in home, we’re looking to upgrade. We’ll most likely sell our current home and use the equity (and cash) for a larger down payment. Stay tuned, I’m going post about this topic sometime soon.
FT
Mar 31st, 2007 @ 3:08 pm
10. Church of Jacin
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Apr 1st, 2007 @ 8:08 pm
11. Blain Reinkensmeyer
Congrats Frugal! Your success can be motivating, keep the drive coming our way!
Apr 2nd, 2007 @ 1:13 pm
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