Saturday, June 1, 2019

May 2019 Net Worth




All figures except my Jeep value are generated from Mint.com.

Well the market had a very volatile month in May and the S&P 500 dropped by 6.6%. Obviously this caused my net worth to fall quite a bit....almost $24,000. Since I don't have a huge exposure to the markets, my loss was offset by bonds and a large cash position.  My net worth Beta is roughly .3 in relation to the S&P 500 which helps me sleep at night!  If we enter a secondary bear market like in December, I'll probably add $15,000 to $25,000 in some core positions. MMM, UPS, CAH, XOM, and MO are starting to look attractive. ABBV and LYB yields are also approaching 6%!

I am also in the process of selling my house so that could shake up my net worth in the coming months. While I would like to think I am fairly conservative in my estimate, expenses such as moving, home repairs, and agent fees could cause a $5,000-$10,000 swing. No big deal. We all go through this and I have not moved in almost 23 years.

Here is the May 31, 2019 net worth breakdown.


Assets

Checking --- $917
Savings/Investments --- $351,086
Lending Club --- $1,047
HSA --- $2,100
IRA --- $8,883
401K --- $363,905
2014 Jeep Wrangler --- $19,500
House --- $135,000

Liabilities

$1,983

Net Worth

$880,455


YTD Totals

2019      

 ***Jan 1,2019 --- 864,816***

Jan 31, 2019 --- $887,560
Feb 28. 2019 --- $895,998

Mar 31, 2019 --- $899,902

Apr 30, 2019 --- $904,190

May 31, 2019 --- $880,455


2018

Jan 2018 --- $917,116
Feb 2018 --- $910,667

Mar 2018 --- $909,746
Apr 2018 --- $903,416

May 2018 --- $889,032
Jun 2018 --- $893,278

Jul 2018 --- $892,002
Aug 2018 --- $896,619

Sep 2018 --- $899,763
Oct 2018 --- $876,927

Nov 2018 --- $891,402
Dec 2018 --- $864,613


2017

May 2017 --- $835,009
July 2017 --- $851,904 


Aug 2017 --- $860,072
Sept 2017 --- $869,374

Oct 2017 --- $887,033
Nov 2017 --- $897,145

Dec 2017 --- $914,266


There is no down time when building a path that doesn't lead back to ZERO

4 comments:

  1. MDP -

    Big time period for you. Plans after you sell the house?

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      I'm in the process of selling my house along with my mom's house and we'll both move into my girlfriend's house. Hers is much larger and can easily accommodate. It just hasn't been practical for a number of reasons to have 3 people living in 3 different single family houses.

      MDP

      Delete
  2. Isn't it funny how the smallest account is always the checking account or the one that we actively use money out of. That is just a reminder that we are better off to be saving than we are to be spending. That is an impressive net worth. Keep up the good work!

    ReplyDelete
    Replies
    1. Jason,

      Haha you are correct. Flow money into checking and flow out to investments. The checking out is just a layover to bigger and better things!

      MDP

      Delete