Assets: $1,154,528
Real Estate - $853,000
Retirement accounts - $203,011
Brokerage - $68,180
Cash equivalence - $26,597
Other - $3,740
Liabilities: $410,036
Real Estate Mortgages - $410,036
Net Worth: $744,492
Net worth decreased by 1.9% which is huge for one month! The stock market was mostly to blame for this. Especially in my non-retirement accounts, which are exclusively financial companies. This is the way it goes; sometimes you're up, sometimes you're down. Hopefully you sell them for a profit in the end.
When I feel that the financial sector has successfully recovered. I will be looking to move these assets into ETFs. I'm looking to get away from the individual stock picking and move to broader markets. The reason being is it takes a lot more time and also because I just don't think I'm that great at it.
Real Estate - $853,000
Retirement accounts - $203,011
Brokerage - $68,180
Cash equivalence - $26,597
Other - $3,740
Liabilities: $410,036
Real Estate Mortgages - $410,036
Net Worth: $744,492
Net worth decreased by 1.9% which is huge for one month! The stock market was mostly to blame for this. Especially in my non-retirement accounts, which are exclusively financial companies. This is the way it goes; sometimes you're up, sometimes you're down. Hopefully you sell them for a profit in the end.
When I feel that the financial sector has successfully recovered. I will be looking to move these assets into ETFs. I'm looking to get away from the individual stock picking and move to broader markets. The reason being is it takes a lot more time and also because I just don't think I'm that great at it.
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