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Net Worth Update

2/2/2015

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Picture
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.    
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    This website was created due to the atrociously misguided financial advice that I've heard over the decades.  Financial freedom is not intellectually strenuous, but it takes discipline. 

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