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!
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
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 --- $883,292May 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
Oct 2017 --- $887,033
Dec 2017 --- $914,266
There is no down time when building a path that doesn't lead back to ZERO
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
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.
ReplyDeleteThanks 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.
Brownsworth,
DeleteThanks 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
MDP -
ReplyDeleteIt was a wild April, May is already crazy. Stay safe and healthy out there.
-Lanny
Lanny,
DeleteMan ain't that the truth! Trying my best. You do the same brother!
MDP
This comment has been removed by a blog administrator.
ReplyDeleteHey MDP,
ReplyDeleteNice 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
Ryan,
DeleteEvery 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
Hello ,
ReplyDeleteI’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
MrAktie,
DeleteI appreciate you stopping by and am glad you like the blog.
Cheers!
MDP
April net worth showed a nice recovery, MDP. You're are nearly back at end-of-February levels, which is impressive.
ReplyDeleteDodge those dividend cuts/suspensions as best you can. It's good you hear you are making selective purchases to help replace any lost income.
ED,
DeleteThe 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