It's that time again! Time to share changes in net worth to my dedicated readership ;). Since I was a money voyeur long before I ever started writing about money, I think it's fun to write these net worth posts. But before I keep going, I would like to remind you that life is meant to be savored, and its important to take the time to appreciate those stolen moments of happiness (like your son crawling all over your husband while your husband reads the Bible). Unfortunately, I took a little too much time soaking in the moment, so the picture you get kind of sucks. To better help you out, you could watch this ridiculously awesome video from Tonya at Budget and The Beach.
And now for the net worth update!
Our net worth is up 1.91% to $466,553. The majority of the growth was from contributions, but we did have one international mutual fund take an enormous jump this month which is kind of fun (and makes me feel like an investing genius even though my husband chose that fund after careful research). Our cash position is down to less than 10% of our net worth which feels just about right (we are heavy on cash because we are renovating our house- oh so slowly). Unlike GenYFinanceGuy, we aren't specifically trying to jump into the market at certain dips. Instead, our investment strategy is to contribute as much money as possible to our "opportunity accounts" (various tax advantaged and after tax investments), without sacrificing on the tools and luxuries that we have chosen to consume right now.
I would like to say that my husband and I are smart enough to beat dollar cost averaging, but I've learned that I'm actually very lucky when it comes to investing, so I don't need to rely on my brain that much. In each of the last three years we've sold a significant portion of after tax investments to make real estate purchases. It turns out that we timed those sales perfectly (right before a dip in an otherwise robust market). Since luck beats smarts every time, I'm not going to start relying on my brain anytime in the near future.
Our current investment strategy centers around mutual funds (heavy on the S&P 500, with few dividend and international funds thrown in for good measure), and throwing all we can into those accounts every month. In the future, we will definitely lean more on real estate because I like investments that I can touch more than I like the stock market. In the meantime, I'm hoping that the impending market dip will hold off for a solid 4 years, so that we can again get lucky and liquidate all our after tax funds to buy another rental property prior to the stock market tanking.
So how was your month? Did you kill it on that net worth growth?
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.