Contributed by mm | May 2, 2004 07:02 AM
PST
SUMMARY
April 2004 is a month with lots of major finance events, most noteably my refinancing and 2003 tax filing. My net worth grew 1.6% to end the month at $144,626, dragged by the one-time refinancing closing cost of around $1,800. At this level, I will need another 146 months to retire in my Month-to-Retire metric. MONTH-END BALANCE SHEET
(See definition of balance sheet line items here.)
|
|
Feb-04 |
Mar-04 |
Apr-04 |
Change |
Change % |
|
Cash & Equivalent |
$ 1,193 |
$ 1,603 |
$ 2,396 |
$ 792 |
49.4% |
|
Saving |
$ 15,448 |
$ 12,079 |
$ 8,617 |
$ (3,462) |
-28.7% |
|
Brokerage |
$ 22,007 |
$ 20,174 |
$ 18,890 |
$ (1,284) |
-6.4% |
|
Roth IRA |
$ 10,941 |
$ 15,269 |
$ 15,455 |
$ 186 |
1.2% |
|
401(k) |
$ 12,811 |
$ 13,588 |
$ 14,141 |
$ 553 |
4.1% |
|
Stock Option |
$ 3,146 |
$ 1,306 |
$ 2,686 |
$ 1,380 |
105.7% |
|
ESPP |
$ 2,582 |
$ 3,873 |
$ 5,164 |
$ 1,291 |
33.3% |
|
Home Equity |
$ 67,995 |
$ 68,798 |
$ 69,248 |
$ 450 |
0.7% |
|
Other Assets |
$ 9,400 |
$ 9,250 |
$ 9,100 |
$ (150) |
-1.6% |
|
Receivable (Payable) |
$ 3,699 |
$ 4,278 |
$ 5,860 |
$ 1,582 |
37.0% |
|
Reserve Funds |
$ (1,984) |
$ (2,334) |
$ (2,684) |
$ (350) |
15.0% |
|
Loans |
$ (3,147) |
$ (2,033) |
$ (1,924) |
$ 109 |
-5.4% |
|
Tax Liability |
$ (4,187) |
$ (3,562) |
$ (2,324) |
$ 1,238 |
-34.7% |
|
Net Worth |
$ 139,905 |
$ 142,292 |
$ 144,626 |
$ 2,334 |
1.6% |
|
Liquidation Value |
$ 113,455 |
$ 116,197 |
$ 118,114 |
$ 1,918 |
1.7% |
INCOME STATEMENT
Total operating expense is $5,971 for the month. Other than the one-time refinancing charge of $1,834, my expense control continue to be tight and I am engaging in a number of initiatives to further cut my operating cost (here and here).
BALANCE SHEET
Balance sheet change is quite significant for the month:
1) Tax liability went lower because of my 2003 tax payment of $1,269.
2) Receivable greatly increased due to the fact that the refinancing closing process required me to prepay the whole year's property tax.
3) Saving dropped a lot due to refinancing closing cost and paying whole year's property tax.
4) Investment wise, my stock option account went up thanks to slight increase inMSFT stock price, offsetting that is the drop in my after-tax investment account, which was hit hard by the volatile nature of OCA.
INVESTMENTS
See detailed discussion here. Also starting inMay, I will contribute more to 401(k) account.
IMPORTANT PERSONAL FINANCE ISSUES
Currently I am expecting a quiet month for May in terms of personal financing management. 
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Monthly Review - June 2004 ($152,219, +$3,209) (July 01, 2004)
SUMMARY June 2004 saw a number of changes in the finance picture of my family: first, I bought another car and financial wise, it means giving up some short-term liquidity, an immediately hit of sales tax and increased monthly expenses. Second, my defensive portfolio lost ... Read
Monthly Review - May 2004 ($149,010, +$4,384) (June 01, 2004)
SUMMARY My net worth grew 3.0% in the uneventful May 2004. Disciplined spending and a small portfolio gain contributed most of the $4,384 net worth increase. With this improvement, my Month-to-Retire reading dropped to 144 months, or exactly another 12 years before I can reach ... Read
Monthly Review - March 2004 ($142,292, +$2,287) (April 02, 2004)
SUMMARY My monthly net worth growth is slowed to $2,287 or a mere 1.6% over that at the end of February. Although I still save solidly, the fluctuation in the stock market, especially the declining value of my stock option holdings, dragged my bottom line ... Read
Monthly Review - February 2004 ($139,905, +$3,653) (March 04, 2004)
SUMMARY With a net worth increase of $3,653, February 2004 brought another month of solid progress toward my 2004 objectives. The 3.0% net worth growth is attributable almost equally to regular saving from job income and a new batch of vested stock options. The Month-To-Retirement ... Read
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