My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.


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Monthly Review - May 2006 ($450,271, -$5,489)

Contributed by mm | June 11, 2006 9:14 AM PST

If anything, May has been cruel to me. The global stock market decline knocked out more than $14,000 of my portfolio, adding to the pain is another $8,000 haircut of my employee stock option balance. Even though our savings continued to run very strong at $12,000 a month, our family net worth still declined $5,500 in the month, marking the first down month since November 2003.

Anything to be learned from the break of the 29-month winning streak of continuing monthly net worth growth? For one thing, our financial performance is no longer dominated by how much we spend, and to a lesser extent by how much we make, but to a greater extend by how our investment performs. Six months after the relocation, our monthly cashflow is stable at $19,000-$21,000 in income, $5,500-$6,500 in expenses and $3,500-$4,500 in taxes -- this gives an almost guaranteed $10,000 cash inflow. On the other side of the equation, without any real estate commitment (we don't own our place to live here), any 2% change of value in our $460,000-strong portfolio -- admittedly not fully invested -- will almost create a five-figure movement of our net worth. This kind of volatility is probably something we have to endure if we want to believe in the the value of long-term investing.

BALANCE SHEET

2006-05-networth.GIF

IMPORTANT PERSONAL FINANCE ISSUES IN MONTHS AHEAD

Call me a procratinator, but I still haven't got time to focus on the corporate finance of my small company. Corporate tax time is looming -- our fiscal year ends in June and tax will be due in October.

This Post Has Received 4 Comments. Share Your Opinions Too.


Jim Commented on June 12, 2006

You need to fix your comment submissions - it won't let me post a link to my blogspot financial blog.


guest Commented on June 13, 2006

"May has been cruel to me"....I think June is much worse so far.


CPA1298 Commented on June 14, 2006

MM - congratulations on another solid month of expense control and high earnings. If I were you, I'd look at the bright side - 29/30 months of net worth increase is amazing.


milf cruiser Commented on January 30, 2007

I've just been letting everything pass me by lately. I haven't gotten anything done today. Pfft.


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