Networth Statement July 06

Networth Statement July 06
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Assets
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401k                 $  31532.86
Roth IRA             $   8652.52
Brokerage            $  14651.93
Checking             $  11582.30
Savings              $  37219.44
CDs                  $   5179.39
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Total Assets         $ 108814.44

Liabilities
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Credit Card 1        $    886.68
Credit Card 2        $    887.26
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Total Liabilities    $   1773.94


Networth June 06     $ 100854.04
Networth July 06     $ 107044.50 +6.14%

Positives:

• This was a good month in terms of cash flow.
• My ESPP shares have come in today and I am wondering whether to sell them off and cash out or not? My company's stock price has recently been taking a beating (just like the Nasdaq of which it is a part of) and is currently selling at what I think is a cheap price.
• I got a nice gift from BoM&D (increase in checking $).

Negatives:

• It was a horrible month for my investments. The market has been volatile and mostly negative. I expect this to continue until next quarter when the Fed hikes the rate one last time.
• I learned a lesson in investing. One of my stocks fell 50% in value and I had all the clues to sell it. More of this in another post.
  
• My credit card bills have also been kind of high as I bought some airline tickets for Mom, my uncle, and another 3 people and birthday gifts for my cousins.

Bottom Line: Regardless of my poor decision in stock picking, I am quite happy with a 6.14% increase. The challenge will be to continue saving and investing.