Net Worth Update: June 2008

by Kevin on July 3, 2008

May was a great month for our net worth. We had a total increase of 8.56%. Our cumulative increase in net worth since December 2007 is 23.86%. So in 6 months our net worth has grown almost 25%.

There were two things that contributed most to the jump in net worth:

  1. The economic stimulus payment of $1,200 was a direct injection to our net worth. It’s not necessarily going to boost the economy as we ended up saving 70% of it. But, we’ll take it.
  2. I also got a reimbursement check from my work for my tuition payment. I had recorded the increase in student loan debt (in deferral) at the time it came in, but had to wait until the check came in to balance it out. Considering that was north of $1,560, that was a significant boost as well.

We’re making solid progress even if you take out those two factors. Net worth would have grown by about half as much, or 4%, otherwise.

Tomorrow is the 4th of July, so I’m working to come up with something patriotic to write about for tomorrow.


Philip July 3, 2008 at 11:59 pm

You are one of the only PF bloggers that posted an increase in net worth over the month of june. Are you not as connected into the stock market? I thought everyones 401k at least took some hard hits.

SingleGuyMoney July 4, 2008 at 12:27 am

I agree with Philip’s comment. Of the bloggers that post their net worth, myself included, have had a loss last month. If you are in the market, stick with what you have!

Kevin July 5, 2008 at 10:07 pm

@Philip and SGM: Yes, we are in the market with Vanguard’s Target Retirement 2050. However, as I mentioned we got two big boosts this past month that definitely helped.

Additionally, the amount we invested into the market (we invest every month) was a bit more than 10% of our total portfolio worth as we just got started in February with the Roth IRA. I’d imagine that had a lot to do with it too — even if our investment was down 9%, we added 10% back so overall increase.

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