Money360*

A look at MONEY from all angles.

02 August, 2006

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.

4 Comments:

  • At 7:01 AM, Blogger Daniel said…

    Good job! A 6% increase is very respectible.

    Just out of curiosity, what is BO M&D?

     
  • At 5:54 PM, Anonymous Mr P said…

    Thanks Daniel, BoM&D = Bank of Mom & Dad.

     
  • At 7:59 PM, Anonymous Dennis said…

    wow your finances look great...and at only 23?! I'm jealous!

     
  • At 1:18 PM, Anonymous mr p said…

    Thanks Dennis!

     

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