Net Worth 2015-09

Total Net Worth in September: $320,141 (+$1,242)

I am really happy to have a positive month in the face of a pretty bad stock market.  Plus we broke thru the $320K barrier.

During the month we paid off the 401K loan (+4,555).  We worked hard, our original payoff estimate was November.

Assets: ($0)

No change this month.

Since we are taking a conservative view of property price appreciation, we made no changes to the listed values of our real estate.

In addition we used the same KBB values on our vehicles.

Net Cash Accounts: (-$1,566)

This section contains the balances of all of our cash accounts outside of our rental property.  Emergency funds, banking, savings accounts, HSA, FSA and credit cards. We pay the credit cards off in full every month, but the balances obviously change from month to month.

Our credit card balances were up $1,200. We paid our annual car insurance payment this month with our remaining spending staying about the same.

We used some of our cash out of savings to pay off our 401K loan.

In addition we put money down on Property #3.  More to come later.

Net Cash Rental Accounts: (-$3,385)

This area went down this month for 2 reasons 1) We used some of the money in these accounts for deposit on property #3. 2) We didnt collect either of our rent checks on the duplex until October.

I expect next month will be up in this area.

Retirement accounts: (+$946)

OK, it was a tough month in the markets.

However the loan repayments and our monthly 401K contributions overcame the negative market reactions.

During the month we added to our position in Kraft/Heinz, and began a position in Goldman Sachs. We also added to our position in Kinder Morgan (KMI).

I feel like over time Warren Buffet and 3G will do a good job of increasing profits at KHC.  Great brands, a lot of opportunity to expand overseas, and its a great vehicle for future acquisitions.  In addition, they should get a tailwind from the drop in commodity prices, and we are paid a 3% dividend to wait.  Might add more to this position in the future.

I like GS, we were underweight in financials, and they should benefit from increased volatility in the markets.

Neither GS or KHC has been a very good purchase so far, but I think that they are both excellent long term buys and should do well over the next few years.

We have increased our position several times in KMI, and our last purchase this month was at $25/share.  It closed September right under $30/share.  I think this may be close to a bottom for KMI, the stock is paying a dividend just under 6.5%, and they are committed to increasing the dividend significantly over the next 5 years.

Liabilities: (+$5,248)

We paid off our 401K loan (+$4,555), and beat our original projection by 2 months.

The pay-down on our mortgages will continue to be about $700/month over the course of the year.

Thanks for reading, did you have a good month?

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2 thoughts on “Net Worth 2015-09

  1. I too feel your pain towards investments. I think we all took a pretty good hit with the market being down. Overall your doing a great job with your net worth. Any month that you can show positive growth is much better than going negative. Take care.

    Liked by 1 person

  2. Thanks for stopping by and thanks for the words of encouragement.

    I feel like coming every month and posting our net worth forces my wife and I to look closely at our finances. It seems like we are getting a little better each month.

    October is going to be interesting, hopefully we will close on our 3rd property, so it will be tough to have a positive month after we move, set up utilities, do some rehab of the new property etc.

    Like

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