Net Worth Update June 2006
I finally got my latest net worth calculations together. I haven’t been able to post much lately because of a combination of being very busy and not having the internet hooked up at where I’m staying. I’ve got a connection now so I should be back to posting more often.
If you look at last month’s net worth you will notice it doesn’t match up with what I’m reporting here. I realized that I forgot to include an account in yodlee when I set it up last month. I thought about just ignoring that but it contained about $2500 so this would have thrown off the calculations significantly. The information in this update should be accurate for this month and last. I also updated my NetworthIQ account to reflect the mistake.
As mentioned before, all credit card debt is either at 0% interest or in the cases that its not it will be paid off before its due so no interest is charged.
There was a significant decrease in savings as I decided to fully fund my IRA contribution for 2006. I also opened up a TD Ameritrade account. However, almost all of the money invested here is in short term bond funds which are fairly safe. Sadly, with the way the stock market has been lately, its been one of the few stocks that I have bought that has actually made me money.
I am a little disappointed in the gain, I had expected more. This is mainly due to my IRA losing alot of value. In fact, I believe I have lost about four to five hundred dollars there since my last update. Ouch. I also had some one time expenses that I had to pay for due to my internship. I expect to gain significantly more next month.
June 13th, 2006 at 8:49 pm
Just looking at your savings’ numbers and it looks like you did a miscalculation. Going from 30 down to 10 is a 66% decrease. Having a percentage decrease greater than 100% would leave a negative present value.
June 13th, 2006 at 10:04 pm
Thanks Brian. I kept looking at that first percentage and it didn’t seem right but I was pretty tired. I think I just divided by the wrong number. It should be fixed now.