Last updated: End of July, 2016
Current value: $24,827
Change from last month: +$742
Percent of Goal: 22.83%
Events Of Note Last Month:
I'm almost to $25,000!
Income this month from my online courses was $202.61. I received miscellaneous income from several sources this month: $16 from a DRAM class action lawsuit settlement, $1.33 in ebook royalties, and $119 from a quarterly bonus at work. My hard money loan continues to pay on time ($133.33 a month).
I normally invest my funds in Realty Income (O) stock, but it's risen about 35% for the year and I think it's approaching overbought territory and due for a pullback. As I write this, it's trading at $71.90 per share. The company raised their monthly dividend payout this month from $0.1995 per share to $0.2015, which translates to a yearly dividend of $2.418. That means buying at this price gives me a 3.36% return. That's not enough for me, considering I believe the stock is due for a price correction. I'm going to wait to buy some more until the price drops to $69.08, which will give me a 3.5% ROI, which I consider to be the minimum I am willing to accept. Until that happens, I'm sitting on just over $1,000 in cash earning effectively nothing until the stock reaches my entry point. If the stock goes much higher, I'll have to look at selling the shares I do own to capture these crazy gains.
Net Worth Update
Our net worth continues to grow, increasing by $43,172 from last month to a new total of $691,979.June 2016 | July 2016 |
Note: Mint.com categorizes our HELOC as a credit card debt, not a loan, hence the apparently high credit card balance. |
We had a huge jump in net worth this month - almost 6.75%! Twelve thousand dollars of that, in the Investments category, came from some portfolio adjusting I did. I had an annuity that was not being tracked by Mint.com before. In June, I surrendered the annuity and transferred the money into an account at Schwab, which Mint then picked up. I'll give more details about why I did this, and some information about annuities in general, in coming weeks.
So $12,000 of this jump wasn't really a change in our net worth - it was simply due to me moving funds from a source that was not being included in the calculations to one that was. Still, excluding that leaves a $31,000 increase in our net worth. Where did that come from?
My 401(k) increased in value by about $4,000. One quarter of that was from my contributions and the rest is from a rising stock market. My various other accounts increased a bit here and there - nothing over a thousand dollars in any one account. But...
Mint also says our home increased in value by $15,000 this month! (This after increasing in value $10,000 the month prior.) That's where most of the big gain came from! Mint gets its real estate valuations from Zillow.com, so these figures should be taken with a grain of salt. Yes, the real estate market is making a comeback in my area, but I'm not sure it's this strong. What probably happened is, after a long time of no sales in my area, a couple houses finally sold, which means Zillow has more recent data to use in its algorithms.
Anyway, this gain is all paper gain - it's not like I got an extra $15,000 in my pocket that I can go spend. Still, I have to use some yardstick for measuring and Mint.com is what I've chosen, so we'll go with that.
If you have any questions or suggestions for topics, please drop me a line!
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