Wednesday, May 6, 2020

April 2020 Net Worth


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

Wow!! April was an outstanding month for my net worth. This may be the largest one month jump ever for me. The market was up 12.7% the largest monthly move in over 30 years and my portfolio responded. My total NW skyrocketed by $43,000. Again a one month gain of $43,000!

I also should note for comparison purposes that since I retired 26 months ago, my net worth has decreased by roughly $26,000. So basically my net falls on average by about $1,000. I'm ok with that because the market is only up a handful of percentage points since I retired. Since the beginning of 2020, the declined in more pronounced. I have lost about $43,000 since the beginning of the year, however I was down close to $150,000 in late March.

If and when the market returns to 8-9% average return, my net worth will stay roughly even. In the mean time, I'll keep adding to positions and building passive income.

Stay well everyone and keep adding fuel to the fire!

Assets

Checking --- $14,565
Savings/Investments --- $446,024
Lending Club --- $81
HSA --- $2,015
IRA --- $10,208
401K --- $395,151
2014 Jeep Wrangler --- $17,200


Liabilities

$1,952

Net Worth

$883,292


YTD Totals

2020

***Jan 1, 2020 --- $926,699***

Jan 31, 2020 --- $923,180
Feb 29, 2020 --- $887,924

Mar 31, 2020 --- $840,075
Apr 30, 2020 --- $883,292

May 31, 2020 ---
June 30, 2020 ---

July 31, 2020 ---
Aug 31, 2020 ---

Sep 30, 2020 ---
Oct 31, 2020 ---

Nov 30, 2020 ---
Dec 31, 2020 ---

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
June 30, 2019 --- $894,816

July 31, 2019 --- 898,515
Aug 31, 2019 --- $894,960

Sept 30, 2019 --- $900,639
Oct 31, 2019 --- $904,935

Nov 30 2019 --- $915,534
Dec 31, 2019 --- $926,699


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



12 comments:

  1. Hi there. Long time reader (since about 2015), first time commenter. I've been following your net worth posts for a while and have noticed that your IRA and 401K balances remain pretty steady. I was curious if you've ever considered Roth conversions for your 401K to minimize RMD's? I know this is a dividend investing focused site, but it would be interesting to know more about your asset placement / tax strategy.

    Thanks for keeping up with this site. I really enjoy it and often use it as a launching point since your blogroll is really good.

    Take care.

    ReplyDelete
    Replies
    1. Brownsworth,

      Thanks for stopping by and the comments. Yeah the retirement accounts have been fairly steady since I retired in early 2018. My IRA was a one time contribution in 2012 of 5K that I believe reached around 11k in February. It usually hangs around 10k. It is split between ABALX and CAIBX. Both are conservative funds.

      The 401k is 65/35 Vanguard index 500/bonds. I rebalance at the end of each quarter and got lucky with a big switch from bonds to stocks at the end of March. I have looks at the conversions before, but I don't plan to withdraw much from these accounts even after retirement age. If by some good fortune my balances grow enough that I have to make huge mandatory withdraws resulting in taxes, then I guess I'm good with that outcome. Hopefully that ends up being the case :)

      MDP

      Delete
  2. MDP -

    It was a wild April, May is already crazy. Stay safe and healthy out there.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Man ain't that the truth! Trying my best. You do the same brother!

      MDP

      Delete
  3. This comment has been removed by a blog administrator.

    ReplyDelete
  4. Hey MDP,

    Nice gains in April after the bloodbath of March. As you said, hopefully we can stabilize back into that 8-9% range for regular returns, but it may well be plenty lumpy along the way.

    Take care,
    Ryan

    ReplyDelete
    Replies
    1. Ryan,

      Every day is an adventure. I'm still nibbling in the market and trying to add (replace dividend cuts) with new income. Many years are a blur, but 2020 will be etched in all of our minds for many years.

      MDP

      Delete
  5. Hello ,
    I’m a german so my english is not the best …. this is one of the first comments on a website outside from Germany ….. I am also a Dividend investor and wish you all the best ... great blog ... I come back ...
    Thanks a lot for the inspiration
    Yours sincerelly
    Uwe

    ReplyDelete
    Replies
    1. MrAktie,

      I appreciate you stopping by and am glad you like the blog.

      Cheers!

      MDP

      Delete
  6. April net worth showed a nice recovery, MDP. You're are nearly back at end-of-February levels, which is impressive.
    Dodge those dividend cuts/suspensions as best you can. It's good you hear you are making selective purchases to help replace any lost income.

    ReplyDelete
    Replies
    1. ED,

      The cuts & suspensions have definitely dinged my portfolio, but I suspect they will come back eventually. Right now I'm just trying to shore up the portfolio and am looking forward to the next run.

      MDP

      Delete